Property Overview: 20 Mayfield Crescent, Winnipeg
Key Characteristics & Appeal
This well-situated Elmhurst home, built in 1995, presents a compelling opportunity for a specific buyer. Its primary appeal lies in its exceptional standing within its immediate surroundings. The property ranks in the top tier for both lot size and age within its street and broader community, suggesting a desirable, established location with mature surroundings. With a finished basement and a recent sale in mid-2023, it is a move-in ready property.
The home’s profile is one of a solid, community-anchored property rather than a sprawling estate. At 1,335 sqft, it offers practical living space. It would suit first-time buyers seeking a foothold in a strong neighborhood, downsizers looking for a manageable home without sacrificing location quality, or value-focused buyers who prioritize lot and community prestige over maximum square footage. The lack of a garage is a trade-off for the lot and location advantages. The appeal here is less about the house itself and more about securing a property that outperforms nearly all its neighbors on key metrics of land and establishment.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others nearby. For example, being in the "top 0%" for lot size in its community means it has a larger lot than 100% of compared homes, indicating rare, above-average outdoor space for the area.
2. The home sold recently in 2023. Why is it back on the market?
While the specific reason isn't listed, a quick resale can be due to many life changes unrelated to the property itself, such as job relocation, change in family circumstances, or a change of plans by the investor/flipper who purchased it.
3. Is the lack of a garage a significant drawback?
This depends on your lifestyle and priorities. The property compensates with a highly ranked lot, which could allow for adding a garage or shed later. For some buyers, the premium lot in a top-ranked location is worth the trade-off.
4. The home is older; should I be concerned about major repairs?
Built in 1995, major components like the roof, windows, or furnace may be nearing or past their typical lifespan. A thorough inspection is crucial to understand the condition and timing of any upcoming capital expenditures.
5. The assessed value is close to the 2023 sale price. What does that indicate?
This suggests the municipal assessment is closely aligned with a recent market transaction, providing a stable benchmark for value. It indicates the price was fair-market at that time and wasn't an outlier.