Property Overview: 67 Mayfield Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained two-storey home in Elmhurst offers a compelling blend of space, established charm, and strong value metrics. Built in 1986, it sits on a generous 5,719 sqft lot and features over 2,000 sqft of living space, including a finished basement. A key highlight is its recent market performance, having sold for $60,000 above its assessed value in May 2024, indicating strong buyer confidence and perceived worth.
The appeal lies in its proven stability and above-average footprint for the area. The home ranks in the top 15% of Winnipeg by assessed value and the top 9% by living area, meaning you get more house for your dollar compared to most of the market. It’s not a brand-new build, but its rankings show it is newer and larger than the majority of homes in its immediate neighborhood. This is a property for practical buyers—growing families or those seeking room to breathe—who value established communities, larger lot sizes, and solid construction over a brand-new, potentially premium-priced home. It suits someone looking for a move-in-ready property with clear, data-backed evidence of its competitive standing in the broader market.
Section 2: Frequently Asked Questions
1. Is the recent sale price a reliable indicator of value?
Yes, the May 2024 sale at $60,000 is a strong, current market indicator. It significantly outperformed both the assessed value and the typical home in Winnipeg (ranking in the top 7% for sale price), suggesting the property has specific features or condition that buyers highly valued.
2. How does the age of the home (40 years) factor in?
While 40 years old, the home is newer than 70% of properties in Winnipeg. This means major components like the roof, windows, or furnace have likely been updated within a reasonable lifespan. A thorough inspection is always advised, but its age is relatively advantageous for an established neighborhood.
3. What do the "rankings" actually tell me?
They show how this property compares to others in its street, community, and all of Winnipeg across key metrics. For example, ranking in the "top 9% by living area" means 91% of Winnipeg homes are smaller. It’s a quick way to see the home’s relative strengths, with size and value being its most prominent.
4. The home ranks lower within its own street and community for some metrics. Why?
This is a thoughtful observation. While the home excels city-wide, its more modest rankings on its own street (e.g., top 44% by age) suggest Mayfield Crescent is a mature, established street with many similar or slightly newer/larger homes. This isn’t necessarily a negative—it indicates a consistent, desirable street where this property is a competitive offering, not an outlier.
5. What’s the potential here versus a brand-new home?
The potential is in land value, space, and established greenery. You’re acquiring a much larger lot and more interior space than typically available in new subdivisions at a comparable price point. The trade-off is the age of the home itself, but you gain an established neighborhood character and mature landscaping that can take decades to develop.