Property Overview

This one-and-a-half storey home on Mulvey Avenue in Earl Grey presents a classic Winnipeg character home with modernized practicality. Its key appeal lies in being a solid, updated property within a well-regarded neighbourhood, offering a balance of historic charm and move-in readiness.

Key Characteristics & Suitability

The home’s 1,142 sqft of living space is comfortably average for the street and area, suggesting a practical layout for a small family, couple, or first-time buyer. A significant feature is the renovated basement, which adds functional living space. The detached garage and a 3,230 sqft lot provide essential outdoor and storage utility typical of the area.

Its value proposition is underscored by data: the home’s assessed value ranks above average for Earl Grey, indicating it is viewed favorably relative to its immediate peers. Built in 1941, it is actually newer than many homes in the neighbourhood, offering a slight advantage in potential upkeep. The appeal is for buyers seeking an established, tree-lined community without the extreme premium of newer subdivisions. It suits those who want a home that’s been cared for—with the basement renovation already completed—but who may still see potential in personalizing the main and upper floors over time. A thoughtful perspective is that while the lot size is modest city-wide, it is very standard for Earl Grey, prioritizing location and neighbourhood character over expansive private outdoor space.

Frequently Asked Questions

1. How does the assessed value compare to the last sale price?
The home was last sold in October 2019 for $31,800. The current assessed value is $35,200, which is a reasonable increase over that period and aligns with its above-average ranking for the Earl Grey area.

2. Is the living space sufficient for a growing family?
At 1,142 sqft, it is slightly below the area average but very close to the street average. The renovated basement effectively expands usable space, making it a practical option for a small or young family, though larger families may find it cozy.

3. What does the "above average" assessment ranking mean for taxes?
An above-average assessment for the neighbourhood generally means the property contributes more to the municipal tax base than many nearby homes. It reflects perceived value but is also a factor in calculating property taxes.

4. Are there any concerns with a home built in 1941?
While the home is 85 years old, it is newer than the average home in Earl Grey. The renovated basement is a positive sign of updates. A standard pre-purchase inspection is recommended to review the condition of core systems like wiring, plumbing, and the roof.

5. How does the lot size impact potential for additions or a garden?
The lot is just under a quarter-acre and is typical for the street. It provides a good backyard space for gardening and recreation. For large additions or a pool, the size may be limiting, but it is perfectly suited for a deck, patio, or play area.