Property Overview
This 1949 home at 1017 Mulvey Avenue in Winnipeg's Rockwood neighborhood presents a specific value proposition. Its appeal lies in a balance of a desirable lot size and a valuation that stands out on its street, paired with a more compact living footprint.
Key Characteristics & Ideal Buyer
The home's 917 sqft living area is notably smaller than the average for both its street and the city, suggesting a cozy, efficient layout. However, it sits on a lot of 4,393 sqft, which is significantly larger than the street average, offering valuable outdoor space or future potential. Its assessed value of $378k is above average for both Mulvey Avenue and Rockwood, indicating it is perceived as a premium property within its immediate context, yet it remains around the citywide average. It last sold for an estimated $350k–$400k in mid-2024.
This property would best suit a buyer who prioritizes land over square footage—perhaps a first-time buyer looking for a manageable home with room to garden or expand, or an investor attracted to a well-regarded asset on a mature street. Its above-average valuation for the area suggests it may already be updated or possess intangible charms not captured in the metrics.
Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. With 917 sqft of living area, it ranks in the top 83% on Mulvey Avenue, meaning most homes on the street are larger. The average living area on the street is 1,183 sqft.
2. Why is the assessed value higher than the street average?
The assessed value of $378k is above the street average of $334.4k, ranking in the top 21%. This premium likely reflects the home's condition, updates, or the value of its larger-than-average lot.
3. How does the lot size compare?
The lot is a key feature. At 4,393 sqft, it is larger than most on Mulvey Avenue, ranking in the top 20% where the average is 3,537 sqft.
4. What was the recent sale price?
Public data indicates a sale between $350,000 and $400,000 in June 2024. For fully verified and exact sale figures, a manual lookup through the site is required.
5. Is the home older or newer than its neighbors?
Built in 1949, it is newer than the average home on Mulvey Avenue (average year built 1933) but aligns with the average for the broader Rockwood neighborhood.