Property Overview & Key Characteristics
This one-storey home at 214 Mighton Avenue in Winnipeg's Chalmers neighbourhood presents a practical and straightforward opportunity. Built in 1951, it is notably newer than many homes on its street and in the immediate area, which can be an advantage for systems and maintenance. The home sits on a standard city lot of approximately 3,125 sq ft and features a renovated basement. With a modest living space of 742 sq ft, it is a compact bungalow.
Its primary appeal lies in its value proposition and positioning as a manageable property. It suits first-time homebuyers seeking an entry point into the market, investors looking for a rental property with a modernized basement suite potential, or downsizers who prioritize a single-level layout and minimal upkeep over square footage. A thoughtful perspective is that its "average" metrics within its local context—for land size and assessed value—suggest it is a typical, fairly priced property for Chalmers, not an outlier, which can provide stability and predictability in a neighbourhood setting.
Frequently Asked Questions
1. How does the renovated basement add value?
A finished basement increases the usable living area, offering flexibility for a family room, home office, or separate living space. It immediately adds functionality without the need for a major renovation.
2. Is the lack of a garage a significant drawback?
This depends on lifestyle. The property has a standard city lot, so there may be space for off-street parking or a future shed. For many in urban neighbourhoods, on-street parking is common, but it's a factor to consider for those with multiple vehicles or who value enclosed storage.
3. The home seems small. Is there room to expand?
At 742 sq ft above grade, the floor plan is compact. However, the renovated basement already adds space, and the lot size is consistent with the area, presenting potential for future additions, subject to local zoning and permit approvals.
4. How does the 1951 build year compare to nearby homes?
This is a key point. The home is newer than the average house on Mighton Avenue and in Chalmers. A newer build year often correlates with updated wiring, plumbing, and insulation, which can mean fewer immediate major repairs compared to much older century homes common in the area.
5. What does the assessed value tell us about the property taxes?
The assessed value is used to calculate property taxes. At $20,200, it is around the neighbourhood average, suggesting annual property taxes should be typical for Chalmers. The last sale was for $180,000 in 2016, which is more reflective of its market value.