Property Overview

This one-storey home on Mighton Avenue in Winnipeg's Chalmers neighbourhood presents a specific and practical opportunity. Its key appeal lies in the value of its land and its relative modernity within a historic area. Built in 1954, it is a newer construction compared to many neighbouring homes, potentially meaning fewer concerns with very old infrastructure. The lot size is generous for the street, offering above-average outdoor space. The home itself is compact at 864 sq ft, with a renovated basement adding functional living space. A detached garage provides storage or parking.

This property would suit a value-focused buyer looking for land potential in the city, such as a first-time investor, a homeowner planning a future expansion or rebuild, or someone seeking a modest, maintained footprint with a large yard. Its low assessed value indicates a potentially accessible entry point, but the modest living area means it's less suited for those needing significant above-ground space immediately.

Frequently Asked Questions

1. Is the low assessed value a red flag?
Not necessarily. It primarily reflects the home's modest size and the broader market valuations in the area. It can represent a lower property tax burden and an accessible purchase price for the lot and location.

2. How does the 1954 build year compare to the area?
It's a notable advantage. Being significantly newer than the neighbourhood average (1934) suggests systems like wiring or plumbing may be more updated than in many surrounding century-old homes, which is a key practical consideration.

3. The living area seems small. What's the full picture?
The 864 sq ft is for the main floor. The renovated basement effectively doubles the usable living space, making the home more functional than the above-ground square footage alone implies.

4. Who would this property not suit?
It may not fit buyers seeking a move-in-ready home with ample main-floor bedrooms or large, modern living areas. Its appeal is geared more towards the land, the basement addition, and future potential rather than current above-ground grandeur.

5. What does the "above average" lot ranking mean practically?
With 3,191 sq ft of land, you have more outdoor space than most lots on Mighton Avenue and in Chalmers. This allows more room for gardening, recreation, or future projects like an addition, deck, or garage expansion, which isn't possible on tighter lots.