Property Overview
This 1986 two-storey home at 127 Mayfield Crescent offers a compelling mix of space, established character, and value within Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in its generous proportions on a large lot, presenting a solid opportunity for buyers seeking room to grow without a premium price tag.
Key Characteristics & Ideal Buyer
The home's standout feature is its above-average scale. With over 2,200 sqft of living space and a 7,197 sqft lot, it ranks in the top 10-15% of homes in its immediate area for size. This is complemented by a finished basement, adding functional space. While it lacks a garage and pool, the property's value is reflected in its municipal assessment, which places it in the top 10% of its street and top 9% of its community.
Its appeal is grounded in practicality and potential. The well-sized lot offers ample private outdoor space and future possibilities, from gardening to expansion. The home suits buyers who prioritize interior and land space over brand-new condition, such as growing families needing room or value-oriented purchasers comfortable with a home that has good bones but may benefit from personal updates. A thoughtful perspective is its position in a mature neighbourhood: you're buying into an established community with larger lots that are increasingly rare in new developments, offering long-term stability and a sense of permanence.
Frequently Asked Questions
1. What does the ranking data actually mean?
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 10%" for living area on its street means 90% of homes on Mayfield Crescent are smaller. This data highlights the home's relative strengths in size, value, and age within different circles of comparison.
2. The home is 40 years old. What should I consider?
While well-maintained, a home of this age will likely have original or aging core components, such as the roof, windows, and major mechanical systems (furnace, water heater). A thorough inspection is essential to understand the condition and plan for future updates, which should be factored into your budget.
3. There's no garage. Is that a major drawback?
This depends on your lifestyle. The lack of a garage means budgeting for alternative storage solutions and dealing with vehicle clearing in winter. However, the large lot does offer the potential to add a garage or shed in the future, subject to local bylaws and permits.
4. Why is the assessed value a useful metric here?
The municipal assessment ($581,000) is a strong indicator of how the city views the property's value relative to the market. Ranking in the top 10% on its street and top 9% in the community for assessed value suggests it is considered a higher-value property in its area, which can be a positive signal for equity and resale.
5. Who would this property NOT suit as well?
It may not be the best fit for buyers seeking a modern, move-in-ready home with no projects, or for those who require immediate garage parking. It also may not align with buyers looking for a brand-new neighbourhood feel or the absolute newest construction.