227 Mayfield Crescent

Property Overview

This two-storey home on a large, mature lot in Elmhurst offers a practical and spacious family living environment. Built in 1991, its key appeal lies in its above-average size, both in living space (1,906 sq ft) and land (5,339 sq ft), providing room to grow. The property features an unfinished basement and an attached garage. Its value is underscored by strong city-wide rankings: it sits in the top 12% of Winnipeg homes for living area and the top 16% for assessed value, suggesting a solid, well-sized property for its market segment. It particularly suits first-time buyers or growing families looking for a move-in-ready home with established character and the potential to customize the basement in the future. A less obvious perspective is that while it ranks highly city-wide, it is more average within its own immediate neighborhood, indicating it’s in an established, desirable area where many homes share similar or greater scale.

Frequently Asked Questions

1. How does the property’s age affect its condition?
Built 35 years ago, the home is in the newer half of Winnipeg’s housing stock (top 25%). Buyers should expect some components, like the roof or major systems, to be at or approaching their typical lifespans and budget for eventual updates, while benefiting from a more modern layout than much older homes.

2. What do the ranking percentages actually mean?
They show how this home compares to others. For example, ranking in the “top 12% for living area in Winnipeg” means 88% of city homes are smaller. Notably, its rankings are stronger city-wide than within its own community, suggesting the immediate area features many substantial properties.

3. Is the unfinished basement a drawback or an opportunity?
It’s primarily an opportunity. It provides significant storage and flexible space for future finishing to suit a buyer’s needs (e.g., a recreation room, home office, or additional bedroom), without the cost of undoing someone else’s potentially dated renovations.

4. Who is the typical buyer for this home?
This home is well-suited for practical buyers who prioritize space and value over brand-new condition. It’s ideal for a family seeking established neighborhoods with larger lots, or a buyer who wants a blank canvas in the basement to create their own space.

5. How stable is the property’s assessed value?
With an assessed value that places it in the top 16% in Winnipeg and top 25% in Elmhurst, it indicates a property that has held its value well relative to the market. This consistency can be reassuring, though the final sale price is always determined by current market conditions.