Property Overview: 215 Mighton Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on a generous 3,458 sqft lot in Chalmers presents a straightforward opportunity with specific appeal. Built in 1951, it is notably newer than many homes on its street and in the wider neighbourhood, which may suggest fewer concerns related to the age of core components. The living space is compact at 840 sqft, positioning it as a modest, manageable footprint. A key feature is the renovated basement, which adds functional space and modern appeal. The property includes a detached garage.
Its primary appeal lies in its land value and context. The lot size is well above average for the immediate area, offering more outdoor space and potential than most neighbouring properties. This is a home where the land itself is a significant asset. It would suit a first-time buyer, an investor, or a downsizer looking for a low-maintenance living space without sacrificing yard size. The recent sale price point indicates it is an entry-level property, ideal for those comfortable with a smaller interior who prioritize location, lot size, and the value of a renovated basement over square footage.
Frequently Asked Questions
Q: How does the property's value compare to the area?
A: The assessed value is above average for Mighton Avenue itself but around average for the broader Chalmers neighbourhood. This suggests the property is priced in line with the local market, with its larger lot likely contributing to its assessment.
Q: What does the "renovated basement" entail?
A: The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to understand the quality of the renovation, the materials used, and whether it includes legal egress, proper moisture control, and permitted work.
Q: Is the living area too small?
A: At 840 sqft, the main floor living area is compact. However, the renovated basement effectively expands the usable space. This layout suits those who live simply or spend significant time outdoors, making the large lot a natural extension of the home.
Q: What are the implications of the home being newer than others on the street?
A: A 1951 build date is newer than the street average (1924). This can be an advantage, potentially meaning updated wiring, plumbing, or foundation standards from the outset compared to much older homes, though specific condition depends on maintenance.
Q: Who might this property not suit?
A: It may not suit a growing family needing multiple bedrooms on one level or someone seeking a large, modern open-concept living area. The charm here is in the lot and the potential of the basement, not in expansive main-floor square footage.