Property Overview & Key Characteristics
This one-and-a-half storey home, built in 1905, is a classic character property in Winnipeg's Earl Grey neighbourhood. With 1,096 sqft of living space and a recently renovated basement, it offers a functional layout on a standard city lot of 3,496 sqft. A detached garage provides additional storage or parking.
Its primary appeal lies in its position as an accessible entry point into a well-established neighbourhood. The assessed value is notably below average for the area, which can signal an opportunity for a buyer comfortable with a home of this vintage. It suits first-time buyers, downsizers, or value-oriented investors looking for a character home with foundational updates (like the basement) who are prepared for the maintenance and potential updates that come with a 121-year-old structure. A thoughtful perspective is that its below-average assessment, while often tied to age and condition, can also mean relatively lower property taxes compared to neighbouring homes, providing ongoing savings.
Frequently Asked Questions
1. What does the "below average" assessed value indicate?
It primarily reflects the home's age (1905) and market valuation relative to newer or more extensively renovated homes in the area. It's not an appraisal of current market sale price but can influence property tax calculations.
2. Is the living space sufficient for a family?
At just over 1,000 sqft, the living area is modest by modern standards. It would best suit a small family, a couple, or individuals. The renovated basement adds usable space for recreation or storage.
3. What should I consider with a home from 1905?
Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, wiring, plumbing, and insulation. While the basement is renovated, the main structure's aging components require careful evaluation.
4. How does the lot size compare?
The lot is fairly typical for Earl Grey and on Mulvey Avenue itself, but is smaller than the Winnipeg citywide average. It provides a manageable yard space without extensive maintenance demands.
5. What is the neighbourhood like?
Earl Grey is a central, mature neighbourhood known for its tree-lined streets and character homes. It offers a blend of residential calm with convenient access to local amenities, parks, and major routes.