Property Overview
This home at 779 Mulvey Avenue is a substantial two-and-a-half storey character home built in 1911, situated on a large lot in Winnipeg's Earl Grey neighbourhood. Its primary appeal lies in its generous proportions, both in living space and land size, offering a rare combination of historic charm and room to grow within a desirable area. The home features a renovated basement and a detached garage.
Key Characteristics & Ideal Buyer
The standout features of this property are its scale and location. With over 2,200 square feet of living area, it ranks in the top 1% for size both on its street and in the Earl Grey neighbourhood. The lot of over 5,700 square feet is similarly elite, placing in the top 2% of the area. This creates significant value through potential for expansion, gardening, or outdoor living that is uncommon for the locale. While the 1911 build date means it is an older home, the renovated basement suggests some updates have been made. The assessed value is above average for the immediate area, reflecting its premium attributes.
This home is best suited for buyers who prioritize space and land over turn-key modernity. It would appeal to a growing family seeking character and room to customize over time, or to a buyer looking for a heritage property with clear "sweat equity" potential on a generous lot. Its value proposition is rooted in its scarcity: finding a property with this much land and living space in Earl Grey is an exceptional opportunity, but it comes with the understanding that a home of this age will require ongoing care and likely further updates.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on the finish, ceiling height, legal egress, and permitted use (e.g., recreational space, suite potential) would require clarification from the seller or a viewing.
2. Given the age of the home, what should I investigate?
For a 1911 home, a thorough inspection is essential. Key focuses should include the foundation, roof age, plumbing and electrical systems (knob-and-tube wiring may be present), insulation, and the condition of windows and the original structure.
3. How does the detached garage impact the property?
A detached garage offers flexible space for vehicles, storage, or a workshop. It also preserves the option to build an addition onto the main house without losing parking. Consider its condition, size, and potential utility for your needs.
4. The lot is large for the area. What are my options?
The lot size is a major asset. Beyond gardening and recreation, it may allow for future additions like a sunroom, deck, or even a laneway home, subject to City of Winnipeg zoning and bylaws. This future flexibility is a core part of the property's value.
5. Why is the assessed value different from the last sale price?
The home last sold for $420k in February 2020. Its current assessed value of $422k is set by the municipal authority for tax purposes and often lags behind the current market. The sale price will be determined by current market conditions, buyer demand for its unique features, and the home's present state.