Property Overview: 871 Mulvey Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1920, presents a classic character property in Winnipeg's Earl Grey neighbourhood. With 1,024 square feet of living space, it offers a compact and manageable footprint. Its key appeal lies in its established location and its position as a relatively affordable entry point into a desirable area. The lot, while smaller than many in the city at 2,657 sqft, is typical for the immediate street and requires less maintenance.
The home suits first-time buyers or downsizers seeking a lower-maintenance property without sacrificing neighbourhood charm. It’s also a potential candidate for investors or handy buyers, given the noted unrenovated basement—presenting an opportunity to add value. A thoughtful perspective is that its "around average" metrics for the street and area in both size and assessed value suggest it’s a stable, typical property for Earl Grey, not over-improved or anomalous, which can be a positive for resale. The absence of a garage or pool simplifies the offering, focusing the value on the home and location itself.
Section 2: Frequently Asked Questions
1. What is the true size and scale of this home?
At 1,024 sqft, this home is slightly below the average size for both Mulvey Avenue and the Earl Grey area. It’s a compact, character home ideal for individuals, couples, or small families.
2. How does the assessed value compare to recent sale prices?
The home is currently assessed at $31,200k. It last sold in July 2021 for $32,500k, indicating its assessed value is closely aligned with a recent market transaction.
3. Is the smaller lot size a significant drawback?
The lot is smaller than the Winnipeg city average but is consistent with many properties on Mulvey Avenue. It offers lower yard maintenance, which can be an advantage for certain buyers.
4. What does "basement not renovated" imply?
This indicates the basement is in original or functional condition but may require updates for modern living standards. It represents a potential project to finish or improve the space.
5. Who would this property not suit?
It may not suit buyers seeking a large, modern, turn-key home with extensive square footage, a double garage, or a sizable yard. The layout and space are characteristic of its 1920s build.