119 Mayfield Crescent

Property Summary: 119 Mayfield Crescent

Key Characteristics & Appeal

This is a well-established, two-storey family home in Elmhurst, built in 1986. Its primary appeal lies in its generous, mature lot of over 7,100 sqft and its strong overall standing within the broader Winnipeg market. The home features a finished basement, an attached garage, and a practical 1,564 sqft of living space.

The property’s value is underscored by its competitive rankings: it sits within the top 15% of all Winnipeg homes for lot size and the top 20% for assessed value, indicating a property that holds its worth well. It suits buyers looking for a solid, move-in-ready home in a settled neighborhood, particularly those who prioritize outdoor space and long-term equity over brand-new construction. A thoughtful perspective is that while the home’s living area is average for its community, the significantly above-average lot size offers valuable potential for expansion, gardening, or private outdoor living—a feature increasingly prized and harder to find in newer subdivisions.

Frequently Asked Questions

1. How does the home’s age affect its condition and costs?
Built 40 years ago, major components like the roof, windows, and HVAC system may be at or nearing their typical lifespans. A thorough inspection is crucial, but the home’s above-average assessment value suggests it has been maintained well.

2. What do the ranking percentages actually mean for me?
They show the home’s position relative to others. For example, ranking in the top 15% in Winnipeg for lot size means 85% of city homes have smaller lots. This highlights the property’s key strengths (lot size, overall value) and areas that are more average (living space on its street).

3. Is the finished basement included in the 1,564 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The finished basement is an additional bonus area, providing extra rooms or recreational space not reflected in that main square footage figure.

4. What is the neighborhood (Elmhurst) like?
As a mature community with homes from the 1980s, Elmhurst typically offers tree-lined streets, established amenities, and a stable residential feel. The property itself surpasses over half the homes in the community for size and is newer than most.

5. Why is the assessed value a useful metric here?
The assessment places the home in the top 20% city-wide, which is a strong indicator of its perceived market value by the municipality. It often correlates with sale price and suggests the property is in a desirable valuation bracket, which can be reassuring for equity and resale.