1157 Mulvey Avenue

Property Overview

This two-storey home on a generous 4,287 sqft lot in Winnipeg's Rockwood neighbourhood presents a solid, value-oriented opportunity. Built in 1951, its key appeal lies in its above-average proportions and recent, thoughtful updates. The 1,418 sqft living area ranks within the top 20% for size on its street, offering more space than many comparable homes. A recently renovated basement adds functional living area, and the property includes a detached garage.

Its strongest selling points are grounded in value and stability. The home’s assessed value and recent sale price consistently rank in the top tier (often top 10-30%) for its immediate area, suggesting it is a well-regarded property on its block. The lot size is also a significant asset, providing ample outdoor space in a city setting. This home would suit first-time buyers or practical downsizers looking for a move-in-ready property with modernized essentials, without the premium price tag of newer or trendier areas. It’s for buyers who prioritize space, a quiet street, and solid fundamentals over a flashy address.

Frequently Asked Questions

Q: How does this home’s value compare to the surrounding area?
A: Very favourably. Both its assessed value and recent sale price consistently rank in the 90th+ percentile on its own street and in the Rockwood neighbourhood, indicating it is considered a higher-value property within its immediate context.

Q: What is the condition of the basement?
A: The basement has been renovated. While specific finishes aren’t detailed, this indicates it is a finished, functional living space rather than a raw utility area.

Q: Is the lot size a significant feature?
A: Yes. At 4,287 sqft, the lot is larger than 73% of those on Mulvey Avenue. This provides above-average outdoor space for gardens, play, or entertaining, which is a notable asset in a mature neighbourhood.

Q: What type of neighbourhood is Rockwood?
A: Rockwood is a mature, established neighbourhood in Winnipeg. The listing suggests it offers good value, with this home’s metrics often outperforming many properties in more centrally-liked areas like River Heights.

Q: Has the home’s value been stable?
A: The sales history shows a significant correction between 2019 and 2020, which aligns with broader market shifts. However, its value has shown steady, modest appreciation in the years since, reflecting a return to stable, grounded market conditions.