Property Overview: 766 Mulvey Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic two-storey home built in 1911, located in the established Earl Grey neighbourhood. With 1,228 square feet of living space, it sits comfortably around the average size for both the street and the area, offering a practical layout for daily life. The property features a full, unrenovated basement and sits on a 2,736 sqft lot. There is no garage or pool.
Its primary appeal lies in its location within a mature, central community and its value as a solid, no-frills character home. The data suggests it is a very typical property for its surroundings, not standing out as exceptionally large or highly valued, but also not at the lower end of the spectrum. This presents an opportunity for a buyer seeking an honest, baseline home in a desirable area without a premium price for modern upgrades or expansive lots.
This home would best suit a pragmatic buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values location over turn-key condition. It’s for someone comfortable with a home that has history and may require updates over time, seeing the unrenovated basement as a canvas rather than a drawback. The smaller lot size, while below the city-wide average, is quite typical for Earl Grey and means less yard maintenance, which could be a plus for some.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the listing price?
The home’s assessed value is significantly lower than its last sale price in 2020 ($250k). In Winnipeg, assessed value for taxation purposes is not a direct indicator of market value. The sale price from 2020 is a more relevant, though dated, benchmark for current market conditions.
2. How does the lot size compare to others?
At 2,736 sqft, the lot is smaller than the average lot on Mulvey Avenue and is significantly smaller than the Winnipeg city-wide average. However, within the Earl Grey neighbourhood specifically, it ranks closer to average. This is characteristic of many central, older communities.
3. Is the age of the home (1911) a concern?
The home is older than most in the city. This typically means potential for character details but also a higher likelihood of aging infrastructure (like plumbing or electrical) that may need attention or updating. A thorough inspection is essential.
4. What can the "ranking" data tell me?
The rankings show this property is consistently "around average" or "below average" compared to local peers in terms of size, value, and lot size. This indicates it’s not a standout property in terms of specs, which can often translate to a more accessible price point in a sought-after neighbourhood.
5. Are there comparable homes nearby?
The listing references nearby properties on Mulvey Avenue and similar homes like 796 Jessie Ave. and 370 Lilac Street. These are useful for comparing size, age, and assessed value, but key differences in condition, layout, and updates will ultimately determine market value.