Property Overview
This two-storey home at 183 Mayfield Crescent in Winnipeg's Elmhurst neighbourhood presents a balanced, above-average offering. Its key appeal lies in its strong relative value and move-in-ready condition, highlighted by a renovated basement. With 1,710 sqft of living space, it sits on a standard 6,994 sqft lot. The home was built in 1990, making it newer than most in the city, and its $550k assessed value places it consistently in the top 15-20% of its immediate area, suggesting a well-regarded property.
The home suits practical buyers looking for a solid, established property without major immediate projects. It’s ideal for small families or professionals who value space and a modernized lower level over extravagant size or luxury finishes. A thoughtful perspective is that its "above-average" rankings in value and year built, paired with "around-average" living area, indicate you're paying more for quality and location within Elmhurst than for sheer square footage. The lack of a garage may steer buyers who prioritize covered parking, but the generous lot size offers potential for future additions or outdoor space.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
Its assessed value of $550k ranks in the top 20% on Mayfield Crescent, meaning it is valued higher than most of its direct neighbours, which average around $521k.
2. Is the living space considered large for the area?
At 1,710 sqft, the living area is slightly below the street average (1,836 sqft) but above the city-wide average. It offers a comfortable size without being oversized for the neighbourhood.
3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. A professional inspection or follow-up with the listing agent is recommended to determine the finishes, legal compliance, and quality of the renovation.
4. The home sold in 2020 for $530k. What does that mean for the current price?
The 2020 sale price provides historical context. The current assessed value of $550k reflects the municipality's valuation for tax purposes, which considers market trends and improvements. The actual list or sale price will be determined by current market conditions.
5. How does the lot size impact potential?
The lot of nearly 7,000 sqft is solidly average for the street but above average city-wide. This provides good outdoor space and may offer flexibility for gardening, play areas, or future landscaping projects, though local zoning bylaws would dictate any expansion possibilities.