Property Summary: 179 Mayfield Crescent
Key Characteristics & Appeal
This 1985-built, one-storey home in Elmhurst offers a well-rounded package centered on space, recreation, and established value. Its key features include a fully finished basement, an in-ground pool, and an attached garage, all situated on a generous 7,196 sqft lot. The home’s appeal lies in its proven livability and strong positional rankings. With 1,894 sqft of living space, it ranks within the top 20% of its community for size and sits in the top 16% of Winnipeg for lot size, providing ample room for family life and entertaining.
The data reveals a thoughtful perspective: this isn't just a house with a pool, but a property that has demonstrated quantifiable value growth in a mature neighbourhood. It recently sold for $65.5K above its assessed value, a transaction that places it in the top 5% of all Winnipeg sales for price performance, suggesting a high degree of market confidence. It would suit buyers looking for a move-in ready, single-level layout with private outdoor recreation space, ideal for families or those who enjoy hosting. It particularly fits those who value an established, spacious lot in a neighbourhood where recent sales indicate strong demand and stability.
Frequently Asked Questions
1. How does the age of the home (built in 1985) impact its condition and potential costs?
While the home is well-established, its age means prospective buyers should budget for updates to major systems like the roof, HVAC, or windows, which may be nearing the end of their typical lifespan. The recent sale price likely reflects the home's updated and finished condition.
2. What are the ongoing costs associated with maintaining the pool?
Beyond the enjoyment it offers, a pool requires regular seasonal opening/closing, ongoing chemical maintenance, cleaning, and increased insurance and utility costs. It's a valuable amenity but comes with a predictable annual expense.
3. The home ranks highly for lot size but lower for building age on its street. What does this mean?
This indicates the property is on a larger, more valuable parcel of land than many neighbours, but the house itself is older than some on the block. The appeal here leans toward the land and overall space rather than a newer construction.
4. The finished basement adds living space, but are there any concerns?
As with any basement, especially in a home of this age, it's important to verify the quality of the finish, check for any signs of moisture or water ingress, and ensure proper insulation and egress for safety and comfort.
5. The sale price significantly exceeded the assessed value. Should I be concerned about future property taxes?
While the sale price can influence future assessments, it is not the sole factor. Municipal assessments consider area trends. It's reasonable to expect some tax increase, but not necessarily a direct dollar-for-dollar correlation to the sale price.