Property Overview: 107 Mayfield Crescent
This 1986 four-level split home in Elmhurst offers a blend of space, established charm, and a strong position within the Winnipeg market. Its nearly 2,000 sqft of living space sits on a large, 7,198 sqft lot, providing ample room both indoors and out. The home features a finished basement and an attached garage.
Its appeal lies in its proven, mature neighbourhood and its above-average rankings for both lot and living space size compared to most of the city. It’s a property that has seen significant equity growth since its last sale in 2020. This home would suit buyers looking for a ready-to-move-in family home in a settled area, who prioritize interior space and a sizable yard over a brand-new build. It’s also a sensible option for those who appreciate a home with a track record of value appreciation in a competitive market segment.
Key Details & Questions
What are the home’s key characteristics?
It is a 4-level split built in 1986, with 1,989 sqft of living space, a finished basement, an attached garage, and a large 7,198 sqft lot in the Elmhurst neighbourhood.
Where does its main appeal lie?
The property ranks in the top 15-25% of Winnipeg homes for both lot size and living area, offering more space than most. Its value has increased notably since 2020, and it is situated in a long-established, mature community.
Who is this home best suited for?
It is ideal for families or downsizers seeking a spacious, move-in-ready home with a large yard in a quiet, established neighbourhood. It would also appeal to value-conscious buyers who see strength in a home with demonstrated capital growth.
How does its condition factor in?
The home is 40 years old, which is newer than about 70% of Winnipeg homes. Buyers should expect the maintenance and potential updates typical of a well-built house from this era, balanced by the character and settled nature of the property.
What do the rankings and price history indicate?
The rankings show the home is notably spacious for Winnipeg. The 2020 sale price of $428,000 versus the current $515,000 assessment suggests strong market growth, making it a historically solid investment within its area.