Property Overview: 10 Mayfield Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained 1995 bungalow in Elmhurst offers a practical and comfortable living space of 1,121 sqft, featuring a finished basement. Its standout appeal lies in its exceptional positional strength within the market. The property ranks in the top tier for its lot size relative to the street, neighborhood, and entire city, indicating it sits on a more substantial parcel of land than the vast majority of comparable homes. Combined with its modern-enough build year (newer than 77% of Winnipeg homes), it presents a solid, established property in a desirable setting.
The home would particularly suit first-time buyers or downsizers seeking a manageable bungalow layout with a move-in-ready basement, and value-driven buyers who prioritize land size and location fundamentals over sheer interior square footage. Its appeal is grounded in offering a balanced package: a home that is not the largest on the block, but one that offers superior land value and a mature, settled community feel. A thoughtful perspective for buyers is to consider the finished basement as key to extending the living area, making the home feel more spacious than the main floor square footage alone might suggest.
Section 2: Frequently Asked Questions
1. What does the high ranking for "land area" actually mean?
It means this property's lot is larger than nearly all homes it's compared to—98% on its street, 100% in Elmhurst, and 100% across Winnipeg. This is a significant indicator of the property's underlying value and potential for outdoor space or future landscaping projects.
2. The home's living area is noted as being smaller than many. How does that impact livability?
While the 1,121 sqft main living area is modest, the presence of a finished basement effectively doubles the usable space for recreation, guests, or hobbies. This makes the total functional footprint very competitive.
3. The assessed value is higher than the 2019 sale price. Is that typical?
Yes. The 2023 assessment of $380,000 reflects current market valuations, while the 2019 sale at $335,000 is a historical snapshot. The increase aligns with broader market trends over that five-year period.
4. Are there any concerns with a 31-year-old home?
A 1995 build is considered relatively modern in Winnipeg's housing stock (newer than 77% of homes). Key systems like roofing, windows, and major appliances may be nearing or have undergone updates. A thorough inspection is always recommended to clarify the condition of these age-related components.
5. There's no garage listed. What are the parking options?
The listing indicates no garage. Buyers should verify the driveway capacity and on-street parking regulations directly to understand the practical parking situation for residents and visitors.