Property Summary: 111 Mayfield Crescent
Key Characteristics & Appeal
This is a spacious, well-established family home in Elmhurst, built in 1985. Its primary appeal lies in its generous proportions and strong market fundamentals. The house offers 1,847 sqft of living space and sits on a large 7,198 sqft lot, providing ample room both indoors and out. A key feature is the finished basement, adding valuable functional space. The property's competitive standing is notable: it ranks within the top 15% of Winnipeg homes for lot size and assessed value, and its 2022 sale price placed it in the top 5% citywide, indicating a history of strong market performance.
Its appeal is for practical buyers seeking a solid, move-in-ready home without premium frills (there is no garage or pool). It particularly suits families or those needing space who value a established neighborhood over a brand-new build. A thoughtful perspective is that while the home is 41 years old, its rankings show it competes favorably with newer homes in terms of size and value, suggesting it has been well-maintained and sits on a desirable lot. It represents a balanced choice—offering more space and land than many newer homes in its price range, in exchange for some modern features.
Frequently Asked Questions
1. How does the lack of a garage impact daily living and resale?
While a garage is a common convenience, its absence is reflected in the current pricing and is often balanced by the home's other strengths, like the large lot and finished basement. For some buyers, this presents an opportunity to add a garage or use the savings for other priorities.
2. The home sold for $636,000 in 2022 but is assessed at $554,000. Why the difference?
Municipal assessments for tax purposes often lag behind current market values and use a different valuation model. The 2022 sale price is a direct market transaction and is generally a more current indicator of what buyers were willing to pay at that time.
3. What do the "rankings" actually tell me?
They show how this property compares to others in its immediate street, broader Elmhurst community, and all of Winnipeg for specific metrics (like size, age, or value). For example, ranking in the "top 15%" for lot size in Winnipeg means 85% of homes have smaller lots. It's a quick way to gauge its relative standing.
4. Is a 41-year-old home a concern for maintenance?
While any older home will have ongoing maintenance, the rankings indicate this home is newer than 68% of houses in Winnipeg, placing it in the middle of the pack age-wise. A pre-purchase inspection is always recommended to understand the condition of major systems like roof, windows, and furnace.
5. What is the neighborhood (Elmhurst) like?
The data shows the home ranks highly within Elmhurst for lot size, living area, and value, suggesting it is one of the larger, more valuable properties in the community. This often indicates a well-regarded, stable area with a mix of established homes.