Property Summary: 123 Mayfield Crescent
Key Characteristics & Appeal
This 1985-built, one-storey home in Elmhurst sits on a generous 7,197 sqft lot and offers 1,537 sqft of living space with a finished basement. Its key features include a fully attached garage and a practical, single-level layout. The appeal lies in its established, spacious lot within a mature neighbourhood, combined with modern living-ready interiors. The home's value proposition is strong, ranking in the top 15-20% of Winnipeg for lot size and assessed value, suggesting a well-above-average asset for its category.
It would suit buyers looking for a move-in-ready, low-maintenance bungalow, ideal for downsizers, small families, or those seeking single-level living. The lot size also offers quiet potential for gardening, expansion, or simply enjoying ample private outdoor space. A less obvious perspective is its competitive standing: while the home itself is average-sized for its immediate street, its lot size and overall assessed value outperform a significant majority of homes across the wider city, indicating a fundamentally strong and desirable property foundation.
Frequently Asked Questions
1. How does the finished basement affect the living space?
The finished basement adds usable square footage to the 1,537 sqft main floor, providing flexible space for recreation, guests, or storage, though the specific layout and finish level should be verified in a viewing.
2. What does the ranking data actually tell me?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, ranking in the top 15% city-wide for lot size means the property has a larger lot than 85% of homes in Winnipeg, a key indicator of its scarcity and value.
3. Is a 41-year-old home a concern?
While the major systems are not new, the home ranks newer than 75% of properties in Elmhurst, meaning the neighbourhood itself is well-established. The condition of the roof, windows, and mechanical systems should be a focus of a professional inspection.
4. Who might this property not suit?
It may not suit buyers seeking a brand-new build, a very large interior footprint on the main floor, or specific amenities like a pool. The single-storey layout also means all primary living spaces are on one level.
5. The assessment is $493,000. What does that mean for the listing price?
The assessed value is for municipal tax purposes and is a historical snapshot. It is a useful data point showing the home is valued highly relative to the market, but the listing price will be set based on current market conditions, recent sales, and the seller's strategy.