Property Overview: 180 Mayfield Crescent
Key Characteristics & Appeal
This 1985-built, one-storey home in Elmhurst sits on a generous 7,520 sqft lot. Its key features include a fully finished basement and an attached garage. With 1,443 sqft of living space, the property offers practical, single-level living.
Its primary appeal lies in its established neighbourhood setting and above-average lot size, providing room and privacy that can be harder to find in newer subdivisions. The home’s value proposition is underscored by its assessment, which ranks within the top 20% of Winnipeg, suggesting a solid underlying value relative to the market. It particularly suits buyers looking for a manageable bungalow layout, perhaps downsizers or young families seeking a move-in-ready home with a large yard in a mature area. A thoughtful perspective is that while the home’s age places it in the middle of the pack on its street, it benefits from the established character and canopy of an older community, and the finished basement immediately adds functional space without the need for a renovation project.
Frequently Asked Questions
1. How does the home’s age affect its condition and potential costs?
Built in 1985, major components like the roof, windows, and heating system may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for any necessary updates or maintenance.
2. What are the benefits of the lot size and ranking?
At 7,520 sqft, the lot is larger than approximately 90% of those on its street. This offers excellent outdoor space for gardening, play, or expansion, and contributes significantly to the property's value and appeal.
3. The living space ranks lower than the lot and value. Is the house small?
At 1,443 sqft, the living area is average for the broader market but smaller than many homes on its street. However, the finished basement effectively expands the usable space, which isn't always reflected in official square footage figures.
4. What do the assessment and value rankings actually mean?
The assessment of $492,000 ranks higher than 81% of Winnipeg homes, indicating the city’s opinion of its value is strong. This often correlates with market value, but the final sale price is always determined by current buyer demand.
5. Is the neighbourhood family-friendly?
Elmhurst is a long-established community with mature parks and schools. The property’s rankings show it is competitive within its community, suggesting it's a desirable area. Prospective buyers should visit at different times to gauge traffic and neighbourhood activity firsthand.