Property Summary: 18 Mayfield Crescent
Key Characteristics & Appeal
This well-maintained 1995 bungalow in Elmhurst offers a move-in-ready home with a fully finished basement, providing comfortable living space of over 1,100 square feet. Its standout feature is its exceptional positional strength within the market. The property ranks in the top tier for its lot size relative to its street, neighborhood, and all of Winnipeg, indicating it sits on a larger-than-typical parcel for the area. It also ranks very highly for its modern age within its immediate streetscape. While the home's footprint is modest, the combination of a finished basement and a substantial lot presents clear value. It lacks a garage, which is an important consideration.
The appeal lies in securing a home on a prime lot in an established neighborhood, offering a balance of indoor living space and outdoor potential. It perfectly suits first-time buyers looking for a solid foundation in a good location, downsizers seeking a manageable bungalow layout without compromising on lot size, or value-oriented buyers who see potential in the generous yard and are comfortable with street parking or adding a garage later.
Frequently Asked Questions
1. What does the "top 0%" ranking for lot size actually mean?
It means this property's land area is larger than 100% of comparable listings in its community and Winnipeg overall. In practical terms, you are getting one of the largest lots available for a property of this type, which is a significant and permanent advantage.
2. The home's living area ranks lower; is it too small?
At 1,138 sqft, the above-ground space is compact. However, the fully finished basement effectively doubles the usable living area, which isn't always reflected in the main square footage ranking. This makes the home feel much more spacious than the initial metric suggests.
3. How big of a drawback is the lack of a garage?
This depends on your lifestyle. For a single-car household or those who use vehicles primarily for commuting, on-street parking may be sufficient. The large lot does offer the future potential to add a garage or shed, which is a key advantage over properties with small lots.
4. The house was built in 1995. What should I be aware of?
A home of this age is likely approaching the time for major component updates, such as the roof, HVAC system, or windows. A thorough inspection is crucial to understand the remaining lifespan of these elements and to budget accordingly.
5. The assessed value seems low relative to the high rankings. Why?
Property assessment is based on mass appraisal formulas and may not immediately capture unique premium features like an exceptionally large lot in a high-demand location. The market price often reflects this desirability more accurately than the municipal assessment.