51 Mayfield Crescent

Property Summary: 51 Mayfield Crescent

Key Characteristics & Appeal

This is a well-established, two-storey family home in Elmhurst, built in 1985. Its primary appeal lies in its generous proportions and established neighbourhood setting. The home offers 1,805 sqft of living space on a large 6,452 sqft lot, with the added benefit of a finished basement and an attached garage. The data suggests a property that balances space and value effectively: it ranks within the top 15% of Winnipeg homes for living area and sits on a lot size that surpasses most in the immediate area. Its appeal is for buyers seeking a ready-to-occupy, spacious home without the premium of a new build. It would particularly suit growing families or those looking to trade up from a starter home who value interior space and a sizable yard over a brand-new construction. A thoughtful perspective is that while the home is 41 years old, its building age is newer than 75% of houses in the Elmhurst community, indicating it’s among the more contemporary homes in a mature, settled area.

Potential Buyer FAQs

1. What is the true sense of the property's value here? The assessed value of $492,000 places this home above roughly 70% of properties in Elmhurst and 81% across Winnipeg, indicating it is perceived as a higher-value home for the area. This often correlates with its above-average living space and lot size.
2. How does the age of the home factor in? Built in 1985, major components like the roof, windows, and mechanical systems may be at or entering their typical renewal periods. A thorough inspection is advised, but the data shows the home is actually newer than three-quarters of its neighbours.
3. Is the basement a legal suite? The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should verify its compliance with local zoning and licensing regulations.
4. What do the rankings actually mean for livability? The rankings show the home is very spacious for Winnipeg overall but more average on its own street. This suggests a streetscape of similarly sized homes, offering neighbourhood consistency rather than standing out as the largest property.
5. Why is the lot size ranking lower than the living area ranking? While the 6,452 sqft lot is substantial, it only surpasses 45% of lots on its street. This indicates Mayfield Crescent is comprised of notably large lots, making this property’s yard size a strong asset even within that context.