Property Overview: 212 Mighton Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on a large, 5,347 sqft lot in Chalmers presents a compelling blend of space, location, and value. Its primary appeal lies in its generous land size, which is in the top 3% for Mighton Avenue, offering ample outdoor potential. The home itself, built in 1947, is newer than many in the immediate area and features a renovated basement, adding functional living space to its 1,186 sqft footprint. A detached garage provides additional utility.
The data reveals a nuanced position: while the property stands out strongly within its own street and neighbourhood for lot size and living area, it represents a more affordable entry point city-wide, as indicated by its below-average assessed value. This creates an opportunity for buyers seeking above-average neighbourhood amenities and lot size without the premium price tag of newer or larger-city districts.
This home would suit first-time buyers or practical investors looking for a character home with a sizable yard in an established community. It’s ideal for someone who values land over a massive interior and sees potential in a property that outperforms its local peers on key metrics like lot size and year built.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
2. How does the sale price compare to the assessed value?
The home recently sold for $280,000, which is significantly higher than its $22,500 assessed value. This is common, as assessed value for tax purposes often doesn't reflect current market value.
3. What is the neighbourhood like?
Chalmers is an established, mature neighbourhood. The data shows this property ranks well above average within Chalmers for living area and lot size, suggesting it's among the more spacious homes in the area.
4. What does the "Top X%" ranking mean for me?
These rankings show how this property compares to groups of similar homes. For example, its land area is in the top 3% on its own street, meaning you're getting one of the largest lots in the immediate area—a less obvious but valuable advantage.
5. Are the nearby "worth viewing" properties similar?
The listed comparable properties on Talbot Avenue are older (built 1907-1912) and have smaller living areas, highlighting that 212 Mighton Avenue offers a relatively more modern layout and more interior space for the neighbourhood.