Property Overview: 135 Mayfield Crescent
This well-established two-storey home in Elmhurst offers a compelling blend of space, location, and value. Built in 1986, it sits on a generous 7,197 sqft lot, providing ample outdoor room. With 1,860 sqft of living space and a finished basement, the home caters to families needing practical room to grow. Its appeal lies not in flashy upgrades but in solid fundamentals: it ranks highly within Winnipeg for lot size, living area, and assessed value, indicating a property that outperforms most of the market on key metrics. The 2020 sale price suggests potential for equity growth since purchase.
It would suit a buyer looking for a move-in ready, no-fuss family home in a mature neighbourhood, who values a large yard over a garage. It’s also a smart option for those who appreciate a home with strong statistical rankings for its size and value—a sign of a sound investment in a stable community. A less obvious point is the home’s age; at 40 years, major components like the roof, windows, or furnace may be at or beyond their typical lifespan, representing either a negotiation point or a planning factor for future updates.
Frequently Asked Questions
1. How does the lack of a garage impact daily life and resale?
While a garage is a common convenience, the large lot offers plenty of space for a future detached garage or shed, subject to local bylaws. For many buyers, the trade-off for more yard space is acceptable, especially with ample driveway parking.
2. The home was assessed at $546,000 but sold for $410,000 in 2020. What does this mean?
The assessment is for municipal tax purposes and reflects the city’s valuation. The significant increase since the 2020 sale suggests strong market appreciation, but the true market value is determined by what a buyer is willing to pay today.
3. The rankings show it's in the top 15% of Winnipeg for size, but only top 30% for age. Is that a concern?
The rankings indicate you're getting a larger-than-average home for the city, which is a positive. The age ranking means many city homes are newer, but many are also older. It highlights the home is in the middle of its lifecycle—past the brand-new stage but not a heritage property. A thorough inspection is key to understanding the condition of major 40-year-old systems.
4. What is the neighbourhood of Elmhurst like?
Elmhurst is a mature, family-oriented community in Winnipeg with established schools, parks, and amenities. The property’s rankings show it is above average within the community for size and value, positioning it as a stronger home within the area.
5. Is the finished basement included in the 1,860 sqft living area?
Typically, municipal living area (sqft) calculations do not include below-grade spaces, even if finished. The 1,860 sqft likely refers to above-ground living space only, with the finished basement providing additional bonus rooms.