Property Overview: 199 Mayfield Crescent
Key Characteristics & Appeal
This is a well-established, two-storey family home in Elmhurst, built in 1990. Its primary appeal lies in its generous, mature lot of over 7,200 sqft—a rarity that offers significant space for gardening, play, or future expansion. With 1,737 sqft of living space, an unfinished basement, and an attached garage, it provides a solid foundation for a growing household.
The home’s competitive positioning is its less obvious strength. It consistently ranks above average for its lot size, age, and assessed value within Winnipeg, and notably strong within its immediate neighbourhood. A 2022 sale at $590,000 suggests a history of value appreciation in a desirable location. This property would best suit practical buyers who prioritize land size and location over turn-key finishes. It’s ideal for those with a vision to customize the interior over time or who see the unfinished basement as a blank canvas for added living space, not as a drawback. The large yard is a major asset for families, pet owners, or anyone seeking a private outdoor retreat within the city.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics (like lot size or age). Being in the "top 15%" city-wide for lot size, for example, means 85% of Winnipeg homes have a smaller lot, highlighting a key advantage of this property.
2. The basement is unfinished. What are the implications?
This offers both a cost-saving on the initial purchase price and complete flexibility to finish the space to your specific needs, whether as a rec room, home office, or additional bedrooms. It does, however, mean any renovations will require additional planning and investment.
3. The 2022 sale price is higher than the current assessed value. Why?
Municipal assessments for taxation purposes often lag behind the current market. The 2022 sale is a concrete data point showing what a buyer recently paid, which can be a more relevant indicator of market value than the assessment alone.
4. Is the large lot a maintenance burden or an opportunity?
It can be both. The yard requires more upkeep than a smaller one but offers unparalleled potential for landscaping, adding a deck or patio, installing a play structure, or even future additions like a garden suite (subject to zoning).
5. Who would this home not be ideal for?
Buyers seeking a completely modern, move-in-ready home without any projects may find the unfinished basement and 1990s-era interior elements requiring updates. It’s best suited for those comfortable with some degree of future renovation.