Property Summary: 31 Mayfield Crescent
Key Characteristics & Appeal
This 1979-built, single-storey home in Elmhurst sits on a generous 6,401 sqft lot and offers 1,615 sqft of living space, including a finished basement. It features an attached garage and presents as a classic, well-established property. Its primary appeal lies in its space and relative value within the Winnipeg market. The home ranks notably above average for the city in terms of lot size, living area, and assessed value, suggesting it offers more space for your dollar compared to many Winnipeg properties. However, its rankings within its immediate street and neighborhood for age and size are more moderate, indicating it is a comfortable, typical home for the area rather than a standout.
This property would suit a buyer looking for a solid, no-fuss family home in a mature neighborhood, who prioritizes interior and yard space over a newer build. It’s ideal for those who appreciate the character and tree-filled streets of established communities and are comfortable with the maintenance that comes with a home of this vintage. A thoughtful perspective is that while the home itself is older, its above-average city rankings for size and value highlight a key Winnipeg dynamic: established neighborhoods often provide significantly more land and living space per dollar than newer subdivisions, appealing to those who value room to grow over a modern facade.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others in its immediate street, broader neighborhood, and all of Winnipeg for specific metrics. For example, ranking in the "top 24%" for lot size in Winnipeg means 76% of city homes sit on smaller lots, confirming this as a key strength.
2. The home is 47 years old. What should I be mindful of?
While systems like the roof, windows, and furnace may have been updated, a home of this age warrants a thorough inspection. Key focuses should be the foundation, plumbing, electrical wiring, and the condition of any original components to anticipate potential maintenance.
3. How does the finished basement factor into the living space?
The 1,615 sqft living area likely includes the finished basement. It's important to clarify the layout, ceiling height, and quality of the finish to understand how functional and integrated this space is with the main floor living areas.
4. The assessed value is $486,000. Is this the sale price?
No. The assessed value is for municipal tax purposes. The sale price is determined by the current market and can be higher or lower. The assessment is useful, however, as it shows the home is considered in the top 20% of Winnipeg properties by the city’s valuation.
5. What is the neighborhood of Elmhurst like?
As a mature Winnipeg community, Elmhurst typically offers quiet, tree-lined streets with a mix of long-term residents and new families. Its rankings suggest this is a stable, average-priced area within the city, not a rapidly appreciating or declining market, which can appeal to those seeking predictability.