Property Summary: 215 Mayfield Crescent
Key Characteristics & Appeal
This well-established two-storey home in Elmhurst offers a classic family layout with over 1,900 square feet of living space on a generous, mature lot. Built in 1992, its appeal lies in its proven neighbourhood setting and spacious footprint, which ranks above the majority of homes in Winnipeg for size. The property features an unfinished basement, presenting a clear opportunity for future customization or expansion to suit a buyer's needs. With a detached garage and no pool, it aligns with low-maintenance, practical living.
Its competitive rankings suggest a home that is notably larger and newer than many in the broader market, yet it remains relatively affordable within its own community. This creates a value proposition for buyers seeking more space without moving to the city's outer edges. It would particularly suit growing families or long-term buyers who appreciate the stability of an established area and see potential in personalizing the basement over time. The 2020 sale history provides a transparent recent benchmark for value assessment.
Frequently Asked Questions
1. How does the unfinished basement impact the home's value and utility?
While not adding to the finished living area, it provides significant dry storage, mechanical space, and future potential. For a buyer willing to invest in renovations, it allows for creating a custom rec room, home office, or additional bedrooms without the premium of it already being completed.
2. The home ranks highly for size but lower for assessed value on its street. What does this indicate?
This can suggest the property offers more square footage per dollar compared to some immediate neighbours, which is a point of value. It may also reflect the home's specific condition, the unfinished basement, or the timing of assessments relative to recent upgrades on other houses.
3. Is the 1992 construction date a concern?
Homes from this era typically feature modern wiring and building materials, avoiding some concerns of older properties. However, major components like the roof, windows, and HVAC system are likely at or beyond their typical lifespan and should be inspected for remaining service life.
4. What do the neighbourhood and street rankings tell us?
The rankings show the home is larger and newer than most houses in Elmhurst and Winnipeg overall, but is on a street with many comparable or larger properties. This means you get a spacious home in a desirable neighbourhood where the street itself is consistent and established.
5. How does the 2020 sale price relate to the current assessment?
The assessed value has risen since the 2020 purchase, which is in line with broader market trends. The assessment provides a baseline for municipal taxes, while the market will determine the final sale price based on current conditions, updates made since 2020, and buyer competition.