Property Overview & Appeal
This 1992-built, two-storey home in Elmhurst offers a well-proportioned living space of over 2,000 sqft on a generous 5,300 sqft lot. Its key characteristics include an unfinished basement, an attached garage, and no pool. The appeal lies in its above-average size and newer construction relative to much of the Winnipeg market, as indicated by its rankings: it outperforms over 90% of city homes in living area and is newer than 76% of Winnipeg properties. This creates a value proposition of a spacious, modernly-built home in an established neighbourhood. It would suit practical buyers—perhaps growing families or those looking to upsize—who prioritize interior space and a home from a more recent building era, and who see potential in customizing an unfinished basement to their own needs over time.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate street, broader neighbourhood, and all of Winnipeg. For example, being newer than 76% of Winnipeg homes means its 1992 build date is relatively recent compared to the city's overall housing stock.
2. Is the unfinished basement a drawback or an opportunity?
It depends on the buyer. It’s a cost-saving advantage for those who don’t need the extra finished space immediately or who have a specific vision they want to implement later. It avoids paying a premium for a prior owner’s basement finish that may not suit your taste.
3. The home ranks highly for size and age, but lower for value on its street. Why?
The assessment value ranking is lower because it compares the municipal tax assessment to other homes on Mayfield Crescent. This can be influenced by many factors, including specific lot features, interior condition, or recent renovations on neighbouring homes. It’s a useful data point for understanding its position on the street, but not a sole indicator of market value.
4. What type of neighbourhood is Elmhurst?
Elmhurst is a mature, established neighbourhood in Winnipeg. The property’s rankings suggest it is among the larger and newer homes within this community, likely appealing to those seeking space and relative modernity within a settled area.
5. How significant is the 34-year age of the home?
Built in 1992, the home is past its initial warranty years but is from a modern building era. Key systems (roof, windows, furnace) may be approaching or in need of updates, which is a typical consideration for homes of this vintage. Its high "newness" ranking indicates this is still a younger home compared to Winnipeg's average.