Property Overview: 46 Mayfield Crescent
This well-established two-storey home in Elmhurst offers a practical and comfortable living space on a generous, mature lot. Built in 1985, it presents a solid opportunity in a classic Winnipeg neighbourhood. Its appeal lies in its functional layout, finished basement adding valuable living area, and the space afforded by its 5,508 sqft property. The home suits buyers looking for a move-in-ready residence without the premium of a new build, such as growing families seeking stability, or value-conscious purchasers who prioritize lot size and indoor space over being in the newest subdivision. A thoughtful perspective is that while its rankings within its immediate street are modest, its standing improves significantly at the wider community and city level, suggesting it’s a competitively positioned property within a desirable broader area.
Key Details & FAQs
- Key Characteristics: 1,408 sqft two-storey with a finished basement, attached garage, and no pool. Situated on a 5,508 sqft lot.
- Recent Sale: Sold for $498,000 in July 2023.
- City Assessment: $428,000 (2024).
Frequently Asked Questions
1. How does this home compare to others in the area?
The home ranks in the top third of Winnipeg for both size and assessed value, indicating it's above average city-wide. Within its own Elmhurst community, it sits around the middle for size and value, but is notably newer than 75% of area homes.
2. Is the basement included in the square footage?
No. The listed 1,408 sqft refers to the above-ground living area. The home also features a separate, finished basement, which adds significant additional functional space.
3. What do the ranking percentages mean?
They show how this property compares to others. For example, being newer than 75% of homes in Elmhurst means it's a relatively newer build for the neighbourhood. Being larger than only 21% of homes on its own street suggests Mayfield Crescent has many larger properties.
4. Why is the recent sale price higher than the city assessment?
The sale price reflects the competitive market value at the time of purchase (July 2023). The city assessment is an estimate for taxation purposes, calculated using a different methodology and often lagging behind current market trends.
5. Who would this property be a good fit for?
It's ideal for buyers seeking an established neighbourhood with larger lots. It particularly suits those who find value in a home that is newer than most in the community, with the immediate usability of a finished basement, and who are comfortable with a property that is average-sized for its specific street but above-average for the city.