Property Summary

Key Characteristics and Buyer Profile

This is a 3,044-square-foot home built in 1912, located on Mulvey Avenue in Winnipeg’s Earl Grey area. It sits on a 5,315-square-foot lot. The property ranks in the top 1% for living area on its street, in its neighbourhood, and citywide—meaning it’s significantly larger than the typical home in all three scopes (average living area nearby is roughly 1,200 square feet). Its assessed value of $513,000 is in the top 5% on the street and top 4% in the area, but only top 18% citywide, suggesting the value is driven more by size and location than by finish or updates alone. The lot is also unusually large for the area (top 3% locally), though only slightly above average citywide.

The appeal here is scale and scarcity. A home of this size in a well-established central neighbourhood like Earl Grey is uncommon. The age (1912) means it likely has original character and solid construction, but also that systems, insulation, and layout may need attention. It would suit buyers who want a genuinely large family home with a big lot in a mature, walkable part of the city—people who appreciate older homes and are prepared for the upkeep that comes with them. It’s less suited to someone looking for a move-in-ready, low-maintenance property or a cookie-cutter new build.

Five Frequently Asked Questions

1. How does this home compare to others on the street in terms of value?
On Mulvey Avenue, this home has the largest living area (top 1%) and is in the top 5% for assessed value. The average assessed value on the street is roughly $334,000, so this property sits well above that—partly due to its size, partly due to its larger-than-average lot.

2. Is a 1912 home likely to have foundation or structural issues?
Many homes from that era have solid masonry or concrete foundations, but it’s always worth inspecting for cracks, settling, or moisture. The home’s age also means lead paint, knob-and-tube wiring, or outdated plumbing are possibilities. A thorough home inspection is strongly recommended, especially given the above-average land area—older homes on larger lots sometimes had less robust drainage.

3. What does “Top 1% living area” actually mean for day-to-day use?
It means more space than almost any other home in the area—roughly 2.5 times the average. That could translate to extra bedrooms, a large main-floor layout, higher ceilings, or a combination. It also means higher heating and maintenance costs, and potentially more rooms to furnish.

4. Why is the lot size only top 47% citywide despite being top 3% locally?
Earl Grey and Mulvey Avenue are older, central neighbourhoods where lots tend to be smaller than in newer suburbs. A 5,315-square-foot lot is generous by local standards, but citywide—where newer subdivisions often have larger lots—it’s merely average. This is common for central Winnipeg homes.

5. How does the assessed value compare to recent sale prices in the area?
Assessed value is a benchmark, not a market price. In Earl Grey, homes often sell above or below assessment depending on condition, renovations, and demand. With this home’s size and location, it could attract a premium, but the age and any needed updates would factor into the final sale price. For current market insight, check recent sales of similar-sized older homes in the neighbourhood.