Property Overview: 719 Mulvey Avenue, Earl Grey, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in the established Earl Grey neighbourhood presents a compelling blend of space, location, and value. Its key characteristic is an exceptionally generous lot—over 5,300 square feet—which ranks in the top 4% for the street and top 3% for the area. This offers significant outdoor space and potential, a rarity for the locale. The 1,101 sqft living area is comfortably sized and on par with area averages, while the home benefits from a renovated basement and a detached garage.
The appeal lies in its strong positioning within a desirable community. With an assessed value significantly above the local averages for both Mulvey Avenue and Earl Grey, the property holds its value well in its immediate context. Built in 1950, it is notably newer than many neighbouring homes, suggesting potentially fewer concerns associated with very early 20th-century construction. This property would suit a buyer looking for a solid, move-in-ready home in a prime central neighbourhood, with the bonus of a large yard for gardening, play, or future expansion. It’s ideal for those who value established streets, community amenities, and a property that stands out on its block for land size and relative modernity.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in October 2019 for $32,300. Its current assessed value of $41,100 reflects a notable increase, indicating strong value growth in line with or above area trends over that period.
2. Is the lot size a typical feature for Earl Grey?
No, it is a standout feature. At 5,315 sqft, the lot is substantially larger than the area average (~3,234 sqft), placing it in the elite tier (top 3%) for the neighbourhood. This is a major differentiator.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, finishes, and whether it includes a legal suite or additional bedrooms should be verified through a viewing and inspection. It adds valuable finished living space.
4. How does the living space compare to nearby homes?
At 1,101 sqft, the living area is slightly below the Earl Grey average but is considered squarely average for the immediate street. It is a practical size for a one-storey home, and the renovated basement provides additional functional space.
5. The home is newer than many on the street. What are the implications?
Built in 1950, it is significantly newer than the street average (1933) and area average (1928). This can suggest updated building materials, floor plans, and infrastructure compared to much older homes, potentially translating to different maintenance considerations and modernization needs.