Property Summary: 115 Mayfield Crescent
Key Characteristics & Appeal
This two-storey family home in Elmhurst offers a well-established setting on a large, 7,197 sqft lot. Built in 1986, its primary appeal lies in its generous proportions and strong standing relative to comparable properties. With over 2,300 sqft of living space, it ranks within the top 10% of homes in the neighbourhood for size. The finished basement and attached garage add to its functional layout. The property shows consistent strength across key metrics, ranking highly within Winnipeg for both lot size and assessed value, which suggests a solid, above-average investment in a mature community.
Its appeal is for buyers seeking space and stability over a brand-new build. It would suit a growing family looking for established gardens and neighbourhood character, or a value-conscious buyer who recognizes the advantage of a home that already outperforms a significant majority of the market in terms of square footage and lot size. A thoughtful perspective is that while the home is 40 years old, its high rankings for size and value indicate it has been a competitive property within its cohort, potentially offering more enduring appeal than newer but smaller lots.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in the immediate area and city. For example, ranking in the "top 15%" for lot size in Winnipeg means 85% of properties have a smaller lot, highlighting one of this home's standout features.
2. Is the age of the home (40 years) a concern?
While some systems may be due for updates, the home ranks newer than 70% of properties in Winnipeg, indicating it is comparatively younger than much of the city's housing stock. A pre-purchase inspection is always advised to clarify the condition.
3. How should I interpret the assessed value?
The assessed value of $572,000 is for municipal tax purposes. It indicates the home is valued highly relative to the market (top 9% in Winnipeg), but the final sale price will be determined by current market conditions and buyer demand.
4. What is the neighbourhood like?
Elmhurst is a mature, established neighbourhood. The high rankings within the community for lot and home size suggest it's an area of primarily larger, well-spaced properties, offering privacy and room to grow.
5. Are there any obvious drawbacks from this data?
The data shows no pool, and the home's age, while not extreme for Winnipeg, suggests potential renovation projects. The street-level ranking for age (top 44%) is lower than its city-wide ranking, meaning there are newer homes on this specific street, which could be a factor for some buyers.