Property Overview
This 1913 two-and-a-half storey home at 818 Mulvey Avenue in Earl Grey presents a classic character property with modern updates. Its key appeal lies in a well-renovated basement and a living space that is notably spacious for the area, ranking in the top 12% on its street and top 18% in the neighbourhood. While the lot is modest, the home itself offers above-average roominess. The assessed value is strong for the immediate area, placing in the top 10% locally, which suggests solid inherent value. This home would suit a buyer looking for the charm of an older home without a massive yard to maintain, and who prioritizes generous interior space over expansive outdoor land. It’s particularly suited for those who value a home that stands out in its immediate context for size and assessment value, within a well-established, central neighbourhood.
Frequently Asked Questions
How does the home’s age affect maintenance?
Built in 1913, the home is around average age for Earl Grey. Buyers should expect the maintenance typical of a 110-year-old character home, but the renovated basement indicates some key updates have been made.
Is the lot size a limitation?
The land area is below the citywide average, which is common for older, central neighbourhoods. It’s around average for Earl Grey itself. This is ideal for low-maintenance outdoor living but may not suit those seeking extensive gardening space or large-scale additions.
What does the strong assessed value relative to the area indicate?
An assessment in the top 10% for the neighbourhood often reflects factors like the renovated basement, the above-average living area, and the home’s overall condition compared to local peers. It’s a positive indicator of the property’s standing in the area.
How does the living area compare practically?
At 1,500 sqft, the living space is significantly larger than the local area average (~1,183 sqft). This means more room than many neighbouring homes, which is a distinct advantage for daily living and potential resale in this specific market.
The last sale was in 2020. What should I consider?
The property sold for $360k in September 2020. Market conditions have shifted since then. This figure provides a historical anchor, but a current appraisal and market analysis are essential to understand its present value.