Property Overview: 6 Mayfield Crescent
Key Characteristics, Appeal & Ideal Buyer
This well-maintained 1995-built home in Elmhurst offers a comfortable 1,651 sqft of finished living space, including a developed basement. Its standout feature is its exceptional positional strength within the broader market. The property ranks in the top tier for its lot size within its neighborhood, street, and even city-wide, indicating a premium and potentially more private setting compared to most. While the home itself is a comfortable size, its true appeal lies in this land value and established location. The recent 2021 sale at $476,000, closely aligned with the current $472,000 assessment, suggests a stable and transparent value history. It suits buyers looking for a move-in ready home in a mature area who prioritize a strong, valuable lot over a brand-new build. It’s particularly ideal for those who appreciate data-driven insights, as the home’s competitive advantages in terms of land and relative age in its immediate area are clearly quantifiable.
Frequently Asked Questions
Q: How does the "ranking" data work?
A: The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics. For example, being in the "top 0%" for lot size means it sits on a larger parcel than virtually all comparison homes, which is a significant asset.
Q: The home was built in 1995. What should I consider?
A: While newer than many homes in the area (ranking in the top 1% on its street for age), a 31-year-old home will have components, like the roof, windows, and major systems, that are likely at or entering their typical renewal periods. A thorough inspection is advised.
Q: There's no garage. Is that a major drawback?
A: It depends on buyer needs. The lack of a garage is factored into the current price and assessment. For some, it's a compromise for the lot size and location. Buyers should budget for alternative parking or the potential future cost of adding a garage, if space and bylaws allow.
Q: The assessment and 2021 sale price are almost identical. Does that mean it's priced fairly?
A: It indicates the market and city assessor agreed on value at that time, suggesting stability. However, the current market conditions may have shifted since late 2021. This provides a solid baseline, but a comparative market analysis is needed to determine today's fair listing price.
Q: What does the ranking for "Living Area" tell me?
A: It places the home's square footage in context. Here, it's above average for Winnipeg but more middle-of-the-pack on its own street. This suggests the homes on Mayfield Crescent are generally spacious, and this property offers ample room without being the largest.