Property score
40.2
Below average
Overall 40.2 · Smaller and older than most nearby homes
312 sqft (bottom 2%) · Built in 1913 (61 yrs older than avg)
Located in a above-average income area with median household income of ~85k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 20 dining spots, 2 schools, 2 healthcare facilitys, and 4 shops nearby
Living Area
Below average
60% smaller than neighborhood avg.
Year Built
Below average
61 yrs older than neighborhood avg.
Mother tongue
English · 85%French · 3%
Past 10 years Earl Grey sales snapshot (~80% of all data)
78
135k
$237/sqft
1974
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
40.2 is composed by the two sections below.
Property Score
Community Score
Earl Grey
How to read: Share of sales in each ~$50k price band for “earl grey” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110392
$85K
Median household income
$90K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
32%
Single-person households
26%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
10-775 Mulvey Avenue — 34 amenities found within 500 m, across 7 categories, including 20 dining (nearest 246 m), 2 education (nearest 183 m), 2 healthcare (nearest 372 m).
Earl Grey · WPS public data · 2026
Annual incidents
46
2026
vs. city avg
+56%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
63%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 36% | Bottom 6% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This is a compact, 312-square-foot condominium unit located at 10-775 Mulvey Avenue in Winnipeg's Earl Grey neighbourhood. Built in 1913, it is one of the older units on its street. The property's key defining features are its exceptionally low carrying costs and minimalist footprint. Its assessed value and living area are among the smallest in the city, placing it in the bottom 1-2% of all Winnipeg properties for size. This translates to very low property taxes. The unit last sold in May 2022 for $7,700.
Key Characteristics & Ideal Buyer
The primary appeal of this property lies in its extreme affordability and efficiency. It represents one of the lowest possible entry points into homeownership in Winnipeg. The financial commitment, from purchase price to annual taxes, is minimal. Its tiny size necessitates a minimalist lifestyle, making it unsuitable for accumulating possessions or working from home with dedicated office space.
It would best suit a specific type of buyer: someone seeking a no-frills personal space in a central area, possibly as a city crash pad for a shift worker, a determined first-time buyer with a very tight budget, or an investor looking for an ultra-low-cost rental unit. Its value is purely functional and financial rather than based on space or luxury. A thoughtful perspective is that it offers a rare chance for equity building for those who would otherwise be priced out of the market entirely, though the potential for significant appreciation may be limited by its niche nature.
Frequently Asked Questions
1. What does "Condo | Basement" mean for this unit?
This indicates it is a condominium (you own the unit and share common elements) and that the specific unit is located at basement level. This typically means it is partially or fully below ground.
2. Why is the assessed value so much lower than other homes?
The assessed value is directly tied to the property's extremely small size (312 sq ft), its age, and likely its basement-level location. It is compared to similar condos, not full-sized houses.
3. Can this property be financed with a traditional mortgage?
Given the very low sale price, securing a standard mortgage may be challenging. Lenders often have minimum loan amounts. Purchasing would likely require cash or alternative financing arrangements.
4. What are the monthly condo fees, and what do they cover?
This information is not provided in the data. A critical next step would be to obtain the condominium's financial statements and bylaws to understand the monthly fees, reserve fund status, and what expenses (e.g., building insurance, water, exterior maintenance) are covered.
5. How does the 2022 sale price relate to the current assessed value?
The 2022 sale price of $7,700 is close to the current assessed value of $7,100. This suggests the assessment is closely aligned with its recent market value, but the final sale price will always be determined by current market conditions.
