Property Overview: 860 Mulvey Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1924, situated on a standard-sized lot in the established Earl Grey neighbourhood. With 748 square feet of living space, it is notably smaller than most comparable homes in the area and citywide. Its assessed value is modest and aligns more closely with local street and neighbourhood averages than with the higher citywide benchmark. The home features a basement that is present but not renovated, and it does not include a garage or pool.
The primary appeal lies in its position as an affordable entry point into a mature, central neighbourhood. It suits first-time buyers, downsizers, or investors seeking a lower-cost property with renovation potential. A thoughtful perspective is that its smaller size and unrenovated state represent a clear opportunity to customize without the premium price of a "move-in ready" home, while its average local assessment suggests it is priced appropriately for its current condition within its immediate community. It is not suited for those requiring ample space or modern finishes without undertaking a project.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 748 sqft, the living area is significantly below average for the street, Earl Grey neighbourhood, and Winnipeg overall, placing it in the top 4-6% smallest of comparable homes citywide.
2. Is the assessed value high for the area?
No. The assessed value of $29,500 is around the average for Mulvey Avenue and the Earl Grey neighbourhood, but it is below the average for the entire City of Winnipeg.
3. What does "basement not renovated" typically mean?
This usually indicates the basement is in a functional, utilitarian state (likely with concrete floors and walls, basic lighting) and has not been finished into a living space such as a rec room or bedroom.
4. What is the land size, and is it typical?
The lot is 2,785 sqft. This is slightly below average for the street and neighbourhood but is significantly smaller than the average citywide lot.
5. When was it last sold, and for how much?
The property sold in November 2023 for $31,500. This sale price was around the middle range (top 55%) for similar sales on the same street at that time.