Property Overview: 14 Mayfield Crescent, Winnipeg
This well-situated Elmhurst home, built in 1995, presents a compelling opportunity in the Winnipeg market. Its primary appeal lies in a combination of strong community standing and move-in readiness. The property features a fully finished basement and a manageable 1,183 sqft of living space. The data reveals its most striking characteristic: exceptional relative value within its immediate area. It ranks in the top 2% of its street and the top 0% of both its neighborhood and all of Winnipeg for its overall offering, suggesting it is a standout property for its asking price. However, it's a home of contrasts—while its overall ranking is elite, its specific ranking for lot size and assessed value on its street is lower, indicating it may be a more modest property on a street of larger, higher-value homes.
This home would perfectly suit first-time buyers or downsizers seeking a established, low-maintenance property in a desirable community without a premium price tag. It’s also ideal for a value-focused buyer who prioritizes community appeal and a finished home over sheer square footage or a large garage. The lack of a garage and a more compact footprint are trade-offs for its strong positional advantages and lower property tax base.
Frequently Asked Questions
1. The rankings seem contradictory. Is this a good house?
Yes, but it's important to understand what the rankings mean. The exceptional "top 0%" rankings for the community and city reflect its overall value package—price, condition, and location—compared to all other homes. The lower rankings on its own street for size and assessed value simply mean it is one of the smaller, more modestly valued homes on a very desirable street, which can be an advantage for affordability and property taxes.
2. What does the "finished basement" include?
The listing confirms the basement is finished, but the specific rooms (e.g., bedroom, living area, bathroom) and the quality of the finish are not detailed. This is a key point to clarify with the listing agent or during a viewing to understand the true liveable space and functionality.
3. There's no garage. Is there alternative parking?
The listing specifies no garage. Buyers should investigate the driveway capacity (if any) and on-street parking regulations on Mayfield Crescent to plan for vehicle storage.
4. The house is 31 years old. What should I be concerned about?
A home of this age may be due for updates to major systems. While the finished basement is a plus, it's wise to inquire about the age and condition of the roof, windows, furnace, and water heater to budget for potential future replacements.
5. Why is the assessed value ($370K) ranking so low on the street?
This directly relates to the home's more compact size and likely simpler construction compared to neighbors. For a buyer, this is often a positive: it typically translates to lower municipal property taxes than if the same house were assessed at a street-average value, making it more affordable to own.