Property Overview
This home at 617 Mulvey Avenue is a substantial two-and-a-half storey character home built in 1907, situated in Winnipeg's established Earl Grey neighbourhood. Its primary appeal lies in its generous 2,188 square feet of living space, which ranks it within the top tier of homes locally. The property features a detached garage and sits on a standard city lot. While the basement is noted as unrenovated, the home presents a significant opportunity for buyers seeking a classic property with ample room. It would best suit a buyer who values space and character over modern finishes, and who is prepared for the stewardship of an older home. The recent sale price suggests a market value that recognizes both the home's substantial size and its need for potential updates. A thoughtful perspective for a buyer is to see this not just as a house, but as a piece of neighbourhood fabric in a mature area, where the value is anchored more in its generous proportions and location than in contemporary condition.
Frequently Asked Questions
1. What does the "Elite" ranking for living area actually mean?
It means this home's interior square footage is larger than 99% of comparable homes on Mulvey Avenue and 98% of those in the Earl Grey area, making its size a standout feature.
2. The home was built in 1907. What should I be prepared for?
As a 119-year-old property, prospective buyers should budget for and expect systems (like plumbing, electrical, and heating) typical of its era. The unrenovated basement also indicates a project space, and a thorough inspection is essential to understand the scope of any needed maintenance or upgrades.
3. How does the assessed value relate to the recent sale price?
The municipal assessed value is $37,600, used for calculating property taxes. It is significantly lower than the recent $360,000 sale price, which is common in older markets; the sale price reflects current market value, while the assessment is an administrative valuation that often lags behind.
4. Is the lot size a pro or a con?
The lot is around 3,543 sq ft, which is above average for Earl Grey but below the city-wide average. This means you have a very typical, manageable yard for the inner-city neighbourhood, but not an exceptionally large one.
5. Who would this home be a good fit for?
It's ideally suited for a buyer who prioritizes space and character—such as a growing family needing room or someone who appreciates classic architecture—and who has the vision and resources to gradually update an older home to their taste. It is less suited for someone seeking a move-in-ready, modernized property.