Property Overview & Key Characteristics
This one-and-three-quarter storey home on Mulvey Avenue in Earl Grey is a classic Winnipeg character property built in 1911. With 1,280 sqft of living space and a 3,188 sqft lot, its size is very much in line with neighborhood averages, offering comfortable space without being oversized. The home’s assessed value ranks above average for both the street and the Earl Grey area, suggesting it is well-positioned within this desirable community. Notably, it lacks a garage and features a basement that is present but not renovated, indicating potential for customization.
Its appeal lies in its established location and the tangible character of a century-old home. It suits a buyer who values the mature streetscapes and quiet prestige of Earl Grey over a brand-new build, and who is either comfortable with a home that has retained its original basement condition or sees it as a straightforward project. This isn't a generic property; it's a home with history, appealing to those who appreciate the narrative and solidity of older construction and are prepared for the maintenance that comes with it. The recent sale in late 2023 provides a clear, modern benchmark for its market value.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for Winnipeg homes of this era. It typically means the second floor has full-height ceilings under the roofline at the front, but the ceilings may slope or the space may be configured differently at the rear, creating a cozy, character-filled upper level.
2. The assessed value seems low compared to the recent sale price. Why?
Municipal assessed value for tax purposes is often lower than market value and is based on a mass appraisal system. The 2023 sale price of $330k is the true indicator of its current market value, while the assessment is an administrative figure used to calculate property taxes.
3. What are the implications of the basement being "not renovated"?
This confirms the basement is unfinished or in its original state. While it provides essential utility space and foundation, it means any finishing (like creating a family room or modern laundry area) would be a project for the new owner. On the positive side, it allows for customization and offers a clear view of the home's foundational structure.
4. How does not having a garage affect daily life and value here?
In this mature neighborhood, many homes rely on street parking or rear laneway access for detached garages/sheds. The lack of an attached garage is common and is factored into the home's price. Buyers should assess on-street parking availability and consider the potential to add a parking pad or rear garage, subject to local bylaws.
5. The home is older—what should I be most mindful of?
While charm is a major draw, key considerations for a 1911 home include the age and condition of major systems (like plumbing and electrical, which may have been updated over time), the efficiency of windows and insulation, and the overall structure. A thorough inspection is essential to understand the balance between preserved character and needed updates.