Property Overview
This 1949 home at 1023 Mulvey Avenue in Winnipeg's Rockwood neighborhood presents a practical opportunity. At 900 square feet, the living space is modest and below the local averages, but it sits on a lot that is larger than most on the street. Its assessed value of $310,000 is consistently around the average for the immediate area. The home last sold between $250,000 and $300,000 in late 2016.
Key Characteristics & Appeal
The primary appeal of this property lies in its efficient scale and the value of its land. While the house itself is smaller than many in the area, it offers a manageable footprint for individuals, couples, or small families. The lot size of just under 4,400 square feet is a standout feature on Mulvey Avenue, providing above-average outdoor space relative to its neighbors—a valuable asset for gardening, play, or future expansion.
This home would suit first-time buyers or downsizers looking for an entry into a stable neighborhood without a premium for excessive square footage. It’s a practical choice for those who prioritize land over a large interior or who see potential in a home where value is anchored more in the property than the structure. A thoughtful perspective is that its "below average" size and "around average" value might indicate a price point less influenced by volatile market trends for larger homes, potentially offering a more stable investment.
Frequently Asked Questions
1. Is the house unusually small?
Compared to other homes on Mulvey Avenue, Rockwood, and Winnipeg overall, the 900 sqft living area is below average. This makes it a cozier, more manageable property.
2. How does the assessed value compare?
The $310,000 assessment is very typical for the street and Rockwood neighborhood, ranking solidly in the middle of comparable properties. It is somewhat below the Winnipeg citywide average.
3. What is the standout feature of the lot?
The land area of 4,394 sqft is notably larger than the average lot on Mulvey Avenue, offering more outdoor space than most immediate neighbors.
4. When was it last sold and for how much?
The home sold in October 2016. The public price data shows a range of CA$250,000–$300,000; exact figures require a manual lookup from the provider.
5. How old is the home compared to others?
Built in 1949, it is newer than many on its street but is around the average age for the Rockwood neighborhood. It is older than the average Winnipeg home.