Property Overview: 187 Mayfield Crescent, Elmhurst, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1990, presents a solid, move-in-ready opportunity in the established Elmhurst neighborhood. Its key strength lies in its above-average proportions relative to the local market. With 1,883 sqft of living space and a 6,994 sqft lot, the property offers more room than the typical Winnipeg home, while its assessed value positions it as a practical investment within its immediate area.

The appeal is grounded in space and location. The home is notably newer than most in the city, suggesting potentially fewer immediate major repairs. It features an attached garage and a full, unrenovated basement—a blank canvas for future expansion or storage. The lot size is generous for the street, offering good outdoor space.

This property would suit practical buyers looking for value in square footage rather than high-end finishes. It’s ideal for a growing family seeking established community roots in Elmhurst, or for a value-conscious purchaser who views the unrenovated basement not as a drawback, but as a long-term project to customize equity. It’s a home for those who prioritize space and a sound structural envelope over modern luxury.

Section 2: Frequently Asked Questions

1. How does this home compare to others on the street?
It ranks above average for its newer build year and is very close to the street average for living space, lot size, and assessed value. It’s a representative, well-sized property for Mayfield Crescent.

2. Is the assessed value a reliable indicator of the likely sale price?
The assessed value is a municipal tool for taxation, not a market appraisal. Notably, the home last sold in March 2021 for $52.20k, which is close to its current assessed value of $50.70k. Market conditions have likely shifted since 2021, so a current professional valuation is essential.

3. What does "above average citywide" for size and year built mean for me?
It means you are getting a home that is physically larger and newer than most in Winnipeg. This can be an advantage for livability and may influence long-term maintenance timelines compared to older city averages.

4. The basement is noted as "not renovated." What should I consider?
This indicates the basement is functional but in original condition. It presents both a cost-saving (no recent renovation to pay a premium for) and an opportunity (you can finish it to your taste and needs). A thorough inspection for moisture and foundational integrity is highly recommended.

5. How does the Elmhurst neighborhood context affect this property?
Within the broader Elmhurst area, this home ranks above average for living space and build year. This suggests it’s a competitively sized and relatively modern property within a desirable neighborhood itself, potentially offering a good balance of community amenities and property stature.