Property Overview
This two-storey home on Mulvey Avenue in Earl Grey presents a distinct profile. Its primary appeal lies in its generous, above-average living space within a well-regarded neighbourhood, paired with a notably low municipal assessment. At 1,518 sqft, the house offers significantly more interior room than most comparable homes on its street and in the Earl Grey area. This spaciousness is a key asset. The home is over a century old (built in 1914) and features a renovated basement. It sits on a modest, city-typical lot for its area with no garage or pool.
The property would suit practical buyers who prioritize interior square footage and location over turn-key modern finishes. It’s a potential match for those comfortable with the character and maintenance considerations of an older home, or for value-conscious investors or families looking to enter the Earl Grey neighbourhood, possibly viewing the low assessed value as a relative tax advantage or a renovation opportunity. Its appeal is more functional than luxurious, offering space and location at what may be a compelling price point.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Municipal assessments are for tax purposes and don't always reflect current market value. This assessment is low even compared to homes on the same street, which could be due to the home's age, specific condition, or the timing of the last assessment. It's important to get a current market evaluation.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but provides no details. Buyers should investigate the scope, quality, permits, and moisture control of this renovation, as basements in century-old homes can present unique challenges.
3. Is the lack of a garage a significant drawback in this area?
Many older homes in central Winnipeg neighbourhoods like Earl Grey do not have garages. Street parking is common. For some buyers, this is a trade-off for the location and lot size; for others, it's a major inconvenience. Checking on-street parking regulations is advised.
4. How does the lot size impact the property?
At 2,658 sqft, the lot is smaller than most on Mulvey Avenue but typical for Earl Grey. This means lower exterior maintenance but also limited space for additions, large decks, or extensive landscaping. The focus here is on the house itself rather than the yard.
5. The home is 110 years old. What should I be most concerned about?
While the renovated basement is a positive, key considerations for a home of this age include the condition of the foundation, roof, plumbing, electrical systems (knob-and-tube wiring may still be present), and windows. A thorough inspection is essential to understand the modernized elements versus original components.