Property Overview: 748 Mulvey Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on a quiet street in Earl Grey presents a practical and well-positioned opportunity. Built in 1950, it is notably newer than many homes in the immediate area, which may appeal to those seeking a post-war character home with potentially fewer concerns about extremely aged infrastructure. With 1,127 sqft of living space and a renovated basement, it offers functional space for a small family, a couple, or a first-time buyer.
Its primary appeal lies in its solid positioning within a desirable, established neighbourhood. The lot size is generous for Earl Grey, providing above-average outdoor space compared to local peers. While the home's size and assessed value are average for the street and neighbourhood, they sit below the city-wide average, highlighting the value of the location itself. The recent sale in June 2024 suggests a current and competitive market valuation.
This property would suit buyers looking for a grounded entry into a mature community without the premium price tag of a larger or fully modernized home. It’s a candidate for those who appreciate a home with good bones in a quiet setting, where value is derived more from location and lot than from sheer square footage. The detached garage adds practical utility.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Earl Grey?
The home is competitively positioned within the neighbourhood. It has a larger-than-average lot for Earl Grey and is significantly newer than the area's typical home, but its living space and assessed value are squarely in the average range for the community.
2. Is the assessed value a reliable indicator of the sale price?
The assessed value is a municipal tool for calculating property tax, not a market appraisal. The home last sold very recently in June 2024 for $343,000, which is a far more accurate reflection of its current market value.
3. What does "one-and-a-half storey" typically mean for a 1950s home?
This style often features a main floor with primary living spaces and a second floor under sloping roof lines, creating cozy bedrooms with potentially reduced ceiling height in some areas. It’s a classic Winnipeg design that maximizes space efficiently.
4. The home sold recently in mid-2024. Why would it be back on the market?
While the specific reason isn't provided, short-term resales can occur for many neutral reasons unrelated to the property itself, such as a change in the buyer's job, family circumstances, or financial situation. It does indicate the home has undergone a very recent market test.
5. How does the lot size compare to a typical Winnipeg property?
The lot is approximately 3,700 sqft, which is above average for central neighbourhoods like Earl Grey but is considered below average when compared to the vast number of newer, suburban properties city-wide that feature larger lots.