Property Summary: 63 Mayfield Crescent
Key Characteristics & Appeal
This two-storey home in Elmhurst offers a well-balanced package of space, location, and value. Its key characteristic is its generous 2,231 sqft of living area, which ranks within the top 5% of Winnipeg homes for size, providing ample room for a growing or established family. The property sits on a large 6,452 sqft lot, and the home benefits from a connected garage. Built in 1987, it is notably newer than most houses in both its neighbourhood and the wider city, potentially meaning fewer immediate concerns with aging infrastructure.
The appeal lies in this combination of above-average interior space on a substantial lot within a mature, established community. It suits buyers looking for a "move-in ready" size without venturing into brand-new subdivisions, preferring the character and developed greenery of an older area like Elmhurst. The strong rankings for both size and assessed value suggest a property that offers more square footage per dollar than many comparable options, making it a practical choice for value-conscious buyers who don’t want to compromise on room. A thoughtful perspective is that while the basement is unfinished, this presents a straightforward opportunity for future customization or added value on your own terms, rather than paying a premium for someone else’s finished layout.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area. For example, ranking "in the top 5% for living area in Winnipeg" means 95% of city homes are smaller. It's a quick way to gauge its relative strengths.
2. Is an unfinished basement a major drawback?
Not necessarily. While it requires an investment to finish, it offers a blank slate to create exactly the space you need (e.g., a home theatre, gym, or suite) without needing to renovate an existing layout.
3. The home is newer than most in the area. What are the implications?
A 1987 build likely means more modern wiring, plumbing, and insulation standards than much older homes, potentially leading to lower maintenance costs and better energy efficiency in the near term.
4. Who would this property not suit as well?
Buyers seeking a completely turn-key home with a finished basement and a swimming pool, or those who prefer the ultra-modern layouts and finishes of newer subdivisions, might need to budget for renovations.
5. How should I interpret the assessment value versus the listing price?
The municipal assessment ($528,000) is for tax purposes and is not the market price. It is, however, a useful benchmark indicating the home is considered well above average in value for the city, which generally supports a strong market listing price.