Property Overview & Key Characteristics

This one-and-a-half storey home on Mulvey Avenue in Earl Grey is a character property with practical updates. Built in 1912, it offers 937 sqft of living space, which is cozy and below the average for the immediate area, suggesting an efficient, manageable layout. A key modern feature is its renovated basement, adding functional living space. The property sits on a standard city lot of approximately 3,495 sqft and includes a detached garage.

Its primary appeal lies in its position within the desirable Earl Grey neighbourhood, offering character and location at a relatively accessible price point, as reflected in its below-average assessed value. The recent basement renovation adds immediate utility without the need for a major project.

This home would suit first-time buyers or downsizers seeking an established neighbourhood feel without the upkeep of a larger property. It’s a practical entry into a sought-after area for those comfortable with the layout of a century-old home and who value location and lot potential over sheer square footage. The detached garage is a notable asset for storage, a workshop, or parking in this older community.

Frequently Asked Questions

1. How does the home’s size compare to others in Earl Grey?
At 937 sqft, the living area is below the neighbourhood average (approx. 1,206 sqft). This indicates a more compact, efficient footprint, which can mean lower utility costs and less maintenance.

2. What does the “below average” assessed value indicate?
The assessed value is below averages for the street, neighbourhood, and city. This typically suggests a more affordable entry price into the area, but buyers should always compare the assessment to the current list and recent sale prices for context.

3. The home was built in 1912. What should I consider?
While the basement has been renovated, a home of this age will likely have character features but may also require attention to older components like wiring, plumbing, or windows. A thorough inspection is essential.

4. Is the lot size typical for the area?
Yes. At just under 3,500 sqft, the lot is very typical for both Mulvey Avenue and the Earl Grey neighbourhood, aligning with the standard for older, central Winnipeg communities.

5. What is the significance of the recent sale in April 2024?
The property sold very recently. A potential buyer should investigate why it is back on the market so quickly, as it could be due to a simple change of circumstance, a flipped investment, or an issue discovered during the previous transaction.