Property Overview
This two-storey home on a large, 6,055 sqft lot in Elmhurst presents a compelling opportunity. Built in 1986, its key characteristic is well-proportioned space, offering nearly 2,000 sqft of living area—a size that ranks within the top 10-15% of Winnipeg homes. This is complemented by a finished basement and an attached garage. Its appeal lies in this above-average footprint combined with a mature neighbourhood setting. The data suggests a property that outperforms most of the city in terms of size and assessed value, yet remains within a more accessible price segment than newer builds.
It would particularly suit practical buyers looking for established community character and more interior space than typical modern subdivisions offer, without the premium of a brand-new home. A thoughtful perspective is that while the home is 40 years old, its competitive rankings in size and value indicate it has been a well-maintained and viable asset in the market. It's a property for someone who sees the inherent value in its generous proportions and lot size, understanding that a home of this scale on a lot of this size in a newer area would command a significantly higher price.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows it ranks highly for its living space, surpassing 86% of homes in Elmhurst and 90% across Winnipeg. Its lot size and assessed value are also consistently above average for the community and city.
2. What does the assessment history indicate?
The current municipal assessment is $519,000. The last recorded sale was in July 2017 for $450,000. The increase in assessed value since then is in line with broader market trends, and the assessment ranks higher than most Winnipeg properties.
3. Is the neighbourhood mature, and what does that mean?
Yes, Elmhurst is an established area. This typically means larger lot sizes, mature trees, and settled community amenities. The trade-off is that the home itself, from 1986, may require updates that align with your taste and budget.
4. The home is 40 years old. What should I consider?
While major systems may have been updated, a home of this age warrants a thorough inspection. The positive aspect is that construction from this era often features generous room sizes and solid framing, which are harder to find in newer builds at this price point.
5. Why are the "street" rankings sometimes lower than the city-wide ones?
This is an insightful observation. It indicates that Mayfield Crescent and the immediate Elmhurst area may consist of similarly sized or valued homes, making competition on that specific street tighter. The home's advantages in space and value become more pronounced when compared to the entire city.