Property Overview: 71 Mayfield Crescent
Key Characteristics & Appeal
This two-storey family home in Elmhurst is defined by its generous proportions and established neighbourhood setting. Built in 1987, it sits on a large 7,072 sqft lot and offers a substantial 2,280 sqft of finished living space, including a developed basement. The home's standout feature is its size, ranking within the top 5-8% of Winnipeg homes for living area, providing ample room for family life, entertaining, or home offices. Its attached garage and mature lot add to the practical appeal.
The property’s value proposition is further highlighted by its strong market positioning. With an assessed value of $594,000, it ranks highly against comparable homes locally and citywide. The appeal here is for buyers seeking space and value in a settled area, rather than a new-build. It would particularly suit growing families who prioritize interior square footage and lot size over a brand-new construction, or value-conscious buyers looking for a home with "good bones" in a mature community where the land and finished space offer significant upside relative to newer, often smaller, subdivisions.
Frequently Asked Questions
1. What does the home’s high ranking for living area actually mean?
It means that, statistically, this home is larger than approximately 95% of all homes in Winnipeg. For buyers, this indicates a rare amount of interior space for the price point in the city.
2. The home is nearly 40 years old. What should I be mindful of?
While the home ranks as newer than most in its immediate community, a home of this age will likely have had major components like the roof, windows, and HVAC system updated or nearing their service life. A thorough inspection to assess the condition of these items is essential.
3. How significant is the lot size?
At over 7,000 sqft, the lot is considerably larger than many found in newer developments. This offers greater privacy, potential for gardening, play space, and future outdoor living additions like a deck or patio, which is a key differentiator.
4. The assessment is high relative to the community. Is that good?
A high assessed value typically reflects the home’s above-average size and features compared to its neighbours. It can be a positive indicator of the property’s standing, but it’s important to remember that market value is determined by current buyer demand, not assessment alone.
5. What type of neighbourhood is Elmhurst?
As a mature community with homes primarily from the 1970s and 80s, Elmhurst offers established landscaping, schools, and amenities. The high rankings within the community suggest this specific street and property are among the more desirable and well-sized within the area.