Property Overview: 672 Mulvey Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1912, presents a classic character property in the established Earl Grey neighbourhood. With 1,340 sqft of living space, it offers above-average roominess for its immediate street and area, providing a comfortable footprint for a small family or couple. The home features a detached garage and an unrenovated basement, indicating potential for future customization. Its assessed value of $350k is notably above average for Earl Grey, suggesting the property is viewed favorably within this desirable location.
The primary appeal lies in its position within a sought-after community, combined with the charm and space of a century-old home. It suits buyers looking for character in a mature neighbourhood, who are comfortable with a home of this age and may see the unrenovated basement as a blank canvas rather than a drawback. A thoughtful perspective is that while the land size is modest for the city, it is typical for the inner-core, walkable Earl Grey area, trading expansive yard work for a prime location. The home last sold in 2021, meaning recent ownership was relatively short-term.
Frequently Asked Questions
1. What does "above average for the area" in assessed value actually mean?
The home’s $350k assessment ranks in the top 27% of similar properties in Earl Grey. This typically indicates the municipal assessor views it as a higher-value home within the neighbourhood, often due to factors like location, lot, building size, or condition.
2. How significant is the age of the home (1912)?
As a 114-year-old property, it falls well below the citywide average for year built. Buyers should anticipate the maintenance and potential system updates common with historic charm, but also benefit from established streetscapes and mature landscaping.
3. The basement is noted as "not renovated." What should we expect?
This typically means the basement space is in a functional, likely unfinished or partly finished, original state. It provides essential utilities and storage but would require investment to modernize it as a living or recreational space.
4. Is the land size a concern?
At 2,308 sqft, the lot is smaller than most in Winnipeg. However, it is consistent with many properties in older, central neighbourhoods like Earl Grey. It offers manageable outdoor maintenance but limits possibilities for large additions or extensive landscaping.
5. How does this home compare to others on Mulvey Avenue?
The data shows it has more living space than the average home on the street but sits on a smaller-than-average lot for the avenue. Its assessed value is around the street average, suggesting it is a fairly representative property for Mulvey Avenue in terms of market value.