Property Overview: 661 Mulvey Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2018, is a notably modern property within the established Earl Grey neighbourhood. Its key appeal lies in its combination of new construction and a prime location. With 1,432 sqft of living space, it offers above-average roominess for both its immediate street and the wider area. A detached garage and a full, unrenovated basement provide practical storage and future potential.
The standout feature is its exceptionally low property tax assessment ($50,500), which ranks in the top 5% for the neighbourhood. This suggests significant long-term tax savings compared to older homes of similar market value. However, the lot is compact (2,658 sqft), which means lower outdoor maintenance but less private yard space.
This home is ideally suited for buyers seeking a move-in-ready, modern build without the premium often attached to brand-new subdivisions. It fits professionals or small families who value low upkeep, modern systems, and the character of a mature community like Earl Grey over a large garden. It’s a pragmatic choice for those who prioritize efficient living space and fiscal efficiency through a low assessed value.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for Year Built mean?
It means this 2018 build is among the newest 1-2% of homes on its street and in Earl Grey. You benefit from modern building codes, materials, and systems, likely leading to lower maintenance and higher energy efficiency than the neighbourhood average.
2. If the Assessed Value is so low, will the selling price also be low?
Not necessarily. The assessed value is used for calculating property taxes, not determining market value. The sale price will be influenced by current market conditions, the home's modern features, and its location. The low assessment is primarily a benefit for ongoing tax costs.
3. What are the implications of the "not renovated" basement?
The basement is finished but has not been updated since the home was built in 2018. It’s essentially a blank canvas—functional and ready to use, but offering the opportunity to customize it to your taste without the need for a full, costly excavation or foundational work.
4. How does the smaller lot size affect daily living?
The compact lot minimizes yard work and upkeep, which can be a significant advantage for busy buyers. The trade-off is less space for large gardens, play structures, or expansive outdoor entertaining. It emphasizes low-maintenance, efficient living.
5. Why is this home’s living area considered above average for the area?
Many homes in established neighbourhoods like Earl Grey are older and often have less open-concept or efficiently designed space. This newer home’s floor plan likely offers more usable square footage for modern living, making it feel more spacious than older homes of a similar stated size.