12 Mayfield Crescent

Property Overview: 12 Mayfield Crescent

Key Characteristics, Appeal & Target Buyer

This well-established 1995 bungalow in Elmhurst offers a functional 1,157 sqft layout with a finished basement, presenting a solid, no-frills home in a mature neighbourhood. Its primary appeal lies in its exceptional relative standing within the community and city. The data shows it ranks in the top tier for its lot size and age compared to nearly all homes on its street, in Elmhurst, and across Winnipeg. This suggests a property on a desirable, larger lot for the area, with a house that is newer than most in its immediate surroundings. However, the interior living space is more modestly sized compared to local peers. This creates a compelling profile: a home that offers above-average land value and a relatively modern structure, but without excessive square footage to maintain.

It would ideally suit pragmatic, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a strong foundational investment in a settled area over lavish interior space. The appeal is for someone who sees the high rankings for lot and building age as key indicators of long-term value and who is comfortable with a home that is functional and efficient rather than expansive.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in three geographic circles. For example, ranking in the "top 0%" for lot size in Elmhurst means it has a larger lot than 100% of compared homes in the neighbourhood, indicating a standout feature for the area.

2. The house ranks highly for age but lower for living area. What does this indicate?
This suggests you are looking at a relatively newer-built home on its street and in Elmhurst, but one with a more compact or efficient floor plan. It points to a property where the value may be more in the land and the building's relative modernity than in sheer interior size.

3. Is the lack of a garage a significant drawback?
For many buyers in Winnipeg, a garage is a major asset for vehicle protection. Its absence is a practical consideration, especially given the climate, and may be reflected in the pricing. The property's value would hinge more on its lot and location.

4. The assessment value seems moderate compared to its high lot-size ranking. Why?
Municipal assessments consider many factors, including the home's specific features, living area, and overall condition. The high lot ranking confirms a valuable land component, but the final assessment balances that with the home's more modest size and other attributes.

5. This seems like a "good value" home. What's the trade-off?
The trade-off is typically between premium location/land and turn-key luxury. This home's data suggests strong fundamentals (lot, newer build) in a mature neighbourhood, but buyers should be prepared for a home that may require updates to align with modern tastes and for the practical implications of no garage and average interior space.