Property Overview: 1220 Mulvey Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 975 sqft bungalow, built in 1954, sits on a 3,723 sqft lot in Rockwood. Its key appeal lies in its relative modernity within an established neighborhood. While the living space is modest compared to many Winnipeg homes, it is quite typical for the immediate street and area. The assessed value of $354k is firmly in the mid-range for the locale, suggesting a stable, non-speculative investment.
The home’s strongest characteristic is its age. Built in 1954, it is significantly newer than most homes on Mulvey Avenue (average year built: 1933) and in the wider Rockwood area. This often translates to updated foundational systems and potentially less immediate need for major repairs common in pre-war houses. The lot size, while smaller than the neighborhood average, is actually slightly larger than the street’s norm, offering a reasonable outdoor space.
This property would best suit first-time buyers or downsizers seeking a manageable, character-home in a central neighborhood without the extreme maintenance demands of an older century home. It’s a practical choice for someone prioritizing location and a solid, post-war structure over sheer square footage. The data indicates you are paying primarily for the land and location within Rockwood, with a home that is comfortably average for the street—a sensible, grounded purchase.
Section 2: Frequently Asked Questions
1. Is the living area small for the price?
The living area is below the city average but aligns more closely with the neighborhood average. The value is driven more by the lot location in Rockwood and the home’s relatively newer construction year for the area.
2. How does the 1954 build year affect the home?
A 1954 build is a notable advantage on this street, where many homes are from the 1930s. This likely means more modern wiring, plumbing, and foundation standards, potentially reducing near-term renovation costs.
3. What does the assessed value tell me about the listing price?
The assessed value ($354k) is around average for the street and neighborhood. It serves as a baseline for municipal taxation, not market price, but suggests the home is not an outlier. A listing price close to this would indicate a market-aligned ask.
4. How does the lot size impact future potential?
At 3,723 sqft, the lot is smaller than the Rockwood average but typical for Mulvey Avenue. It allows for a decent yard but may limit extensive expansions or additions compared to larger lots in the area.
5. Where can I find verified past sale prices for this home?
The site provides an estimated sold price range from 2020. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.