131 Mayfield Crescent

Property Overview

This 1986-built, two-storey home on a generous 7,197 sqft lot in Elmhurst offers a practical and spacious family living environment. Its key appeal lies in its above-average size, both in living space (1,840 sqft) and land, providing room to grow. The home features a finished basement, adding valuable functional space. Data suggests it is a solidly built property that competes well in the broader Winnipeg market, particularly ranking high for its living area and lot size. It would suit first-time buyers or growing families looking for a established home in a mature neighbourhood without the premium of a new build, and who value more interior and yard space over features like a garage or pool. A thoughtful perspective is that while the home is 40 years old, its competitive rankings for size indicate it was built to a more spacious standard of its era, and the mature lot likely offers established landscaping and privacy.

Frequently Asked Questions

1. How does this home truly compare to others in the area?
The provided rankings are insightful. This property ranks highly (top 15-30%) across Winnipeg for lot and living space, meaning it offers more room than most city homes. In its immediate community, it ranks very well for its size and age, positioning it as a spacious and relatively newer option within Elmhurst.

2. What does the price history indicate?
The home was last purchased in July 2016 for $426,000. The current assessed value is $516,000. This trajectory reflects broader market trends over the past eight years. Buyers should investigate recent comparable sales for the most current market value.

3. Is the lack of a garage a significant drawback?
This depends on buyer priorities. The large lot does offer potential for adding a garage or shed in the future, subject to permits and bylaws. For some, the trade-off for more yard space and a larger house at this price point may be acceptable.

4. What should I consider about a 40-year-old home?
While the structure is proven, a pre-purchase inspection is essential to assess the condition of major aging components like the roof, windows, plumbing, and electrical systems. The good ranking for its age within the community is a positive sign of its upkeep relative to peers.

5. Who is this home ideally for?
It's ideal for buyers seeking space and value over turn-key modernity. It suits those comfortable with some potential updates, who appreciate larger rooms and a big yard, and who may see the finished basement as flexible space for recreation, a home office, or extended family.