620 Mulvey Avenue

Property Overview

620 Mulvey Avenue is a classic two-and-a-half storey home built in 1909, located in Winnipeg's established Earl Grey neighbourhood. Its key appeal lies in its above-average living space and assessed value within its immediate area, presenting a solid, character-filled home in a desirable location. The 1,462 sqft home sits on a modest 2,310 sqft lot and features a basement that is present but not renovated.

This property would suit a buyer who values space and location over a modern build or large yard. It’s ideal for someone looking for a home with good bones in a mature neighbourhood, who is perhaps prepared for the realities of an older home (like an unfinished basement) and sees potential rather than perfection. It’s less suited for those seeking a new build, extensive outdoor space, or a move-in-ready property with a modernized basement.

Frequently Asked Questions

1. How does this home compare to others in the area?
The home ranks above average for both living area and assessed value on its street and in Earl Grey, meaning it offers more interior space and is valued higher than many neighbours. However, it’s an older home on a smaller-than-average lot for the area.

2. What should I consider about the age of the home?
Built in 1909, the home is notably older than most in the city. This often means character and sturdy construction, but prospective buyers should budget for potential updates to systems like wiring or plumbing and seek a thorough inspection.

3. The lot size is listed as below average. How significant is this?
The lot is smaller than most in Earl Grey and significantly smaller than the Winnipeg average. This means lower maintenance but also limited space for expansions, large gardens, or extensive outdoor recreation. The trade-off is a more efficient footprint in a central location.

4. The basement is noted as "not renovated." What does that imply?
This typically indicates an unfinished or partially finished space in its original, utilitarian state. It offers storage and houses mechanical systems but presents an opportunity for future development to add value and living space.

5. How does the last sale price relate to the current assessed value?
The home sold for $40,900 in July 2022, which is close to its current assessed value of $39,500. This suggests the assessment is grounded in recent market activity, but the final sale price will always be determined by current market conditions.