Property Overview: 1141 Mulvey Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1950-built home on Mulvey Avenue in Rockwood presents a compelling blend of modest size and above-average value within its immediate context. With 936 sqft of living space, the house is notably cozier than many on its street and in Winnipeg overall, suggesting a efficient, low-maintenance footprint. Its primary appeal lies in its strong positioning relative to the neighborhood: the assessed value of $374k ranks well above the local street and area averages, indicating the lot and property are perceived as premium within this specific market. The lot size of just under 4,300 sqft is also generous for the street.

This property would suit first-time buyers or downsizers seeking an established neighborhood character without a massive home to manage. It’s a practical entry into Rockwood, where the value is anchored more in the land and location than in the size of the dwelling. A thoughtful perspective is that this home outperforms its older street neighbors (average year built 1933), potentially meaning fewer immediate heritage-related upkeep concerns than others nearby, while still offering mature charm. The recent sale in 2022 within the $450k-$500k range suggests a market that sees value beyond the raw square footage.

Section 2: Frequently Asked Questions

1. Is the living area too small?
At 936 sqft, the home is below the city average. It’s best for those who prioritize efficient living and lower utility/maintenance costs over spaciousness. The rankings show it’s more in line with the neighborhood average than the street’s, where homes tend to be larger.

2. Why is the assessed value higher than the area average?
The assessed value ($374k) ranks in the top 25% for both the street and Rockwood. This suggests specific factors—like the larger-than-street-average lot, the home’s condition, or its exact location—are valued positively compared to immediate peers.

3. How does the 2022 sale price relate to the current assessed value?
The home sold for an estimated $450k-$500k in mid-2022. The current assessed value of $374k is a municipal assessment for tax purposes, not a market valuation. The difference reflects separate valuation methods and possible market shifts.

4. What does the "year built" ranking tell me?
Built in 1950, the home is newer than most on its street (average year built 1933). This could imply relatively more modern construction materials and systems compared to many neighbors, though a specific inspection is needed.

5. Where can I get the exact historical sale price?
The site provides sold price ranges publicly. Due to industry rules, exact MLS sale figures are not displayed. You can request the exact sold price history via email from the site provider, who will manually look it up.