Property Summary: 35 Mayfield Crescent
Key Characteristics & Appeal
This 1981-built, single-storey home in Elmhurst sits on a large 6,270 sqft lot. Its key features include a fully finished basement, an attached garage, and 1,535 sqft of living space. The appeal lies in its combination of a spacious, private yard and a practical, low-maintenance layout ideal for single-level living. The home’s value is underscored by its strong city-wide rankings; it places ahead of approximately 74% of Winnipeg homes for both lot size and living area, and its assessed value is higher than 76% of properties citywide, suggesting a well-regarded location and solid fundamentals.
It would suit first-time buyers or downsizers seeking a manageable home without sacrificing yard space, or value-focused buyers looking for a property with proven equity in a mature neighbourhood. A thoughtful perspective is that while the home is older, its above-average rankings for lot and living space in the broader Winnipeg context indicate it offers a scarcity value that newer, denser subdivisions often do not. However, buyers should note its rankings within its immediate street and community for metrics like age and living area are more modest, highlighting a trade-off between the home’s inherent attributes and the specific character of its established surroundings.
Frequently Asked Questions
1. How does the "ranking" system work?
The rankings compare this property against others in three areas: its immediate street, the broader Elmhurst community, and all of Winnipeg. A ranking stating it surpasses 74% of Winnipeg homes means it performs better than 74% of the compared properties for that specific metric (e.g., lot size). The higher the percentage, the more it stands out in that category city-wide.
2. The home is 45 years old. What should I consider?
While the structure is mature, the fully finished basement is a significant update that adds liveable space. Prospective buyers should prioritize a thorough inspection focusing on major age-related systems like the roof, foundation, plumbing, and electrical, which may be due for updates or replacement.
3. What do the lower street-level rankings indicate?
The home ranks lower on its own street for metrics like age and living area. This simply means Mayfield Crescent is a street of relatively larger, and possibly newer, homes. It doesn't reflect on this property's condition, but confirms the street is a established, desirable area where this home represents a more entry-level option in terms of size and modernity.
4. Is the assessed value the same as the market price?
No. The municipal assessed value of $457,000 is for tax purposes and is one data point. Market price is determined by current buyer demand, recent sales of comparable homes, and the property's specific condition. The assessment does suggest the property holds a strong value foundation relative to the city.
5. Who would this property NOT suit?
It may not suit buyers seeking a modern, move-in-ready home without any renovation projects, or those who prioritize a top-ranked property within its immediate micro-market over its strong city-wide value. The single-storey layout may also not fit families seeking multiple defined upstairs bedrooms.