235 Mayfield Crescent

Property Summary: 235 Mayfield Crescent

Key Characteristics & Appeal

This well-established two-storey home in Elmhurst offers a balanced blend of space, location, and value. Built in 1986, it sits on a generous 5,730 sqft lot and features 1,889 sqft of living space, including a finished basement. A key strength is its strong relative standing in the market: it ranks within the top third of Winnipeg homes for both living area and assessed value, indicating above-average size and municipal valuation for the price point. Its recent sale in late 2023 provides clear, current market context.

The appeal lies in its established neighborhood setting and practical layout, complete with an attached garage. It particularly suits buyers looking for a move-in-ready family home in a mature area without the premium of a brand-new build. Thoughtful perspectives include recognizing the advantage of a home that has already undergone a recent market test (the 2023 sale), suggesting a stable price foundation. Additionally, while 40 years old, its rankings show it is newer than a significant majority of homes in the broader community, offering a relative sense of modernity in an established area.

Frequently Asked Questions

1. How does this home compare to others in the area?
The data shows it consistently ranks above average. It surpasses roughly 75% of homes on its own street for assessed value and is larger and newer than over 80% of homes in the wider Elmhurst community.

2. Is the price fair based on its official assessment?
The last sale price in October 2023 was $549,000, which is reasonably aligned with its current assessed value of $532,000. This close proximity suggests the price is grounded in both market reality and municipal valuation.

3. What does the "finished basement" include?
The listing confirms a finished basement, which adds flexible living space. Specific details on the finish level, rooms, and ceiling height should be verified by a viewing or inspection.

4. What are the property taxes?
Property taxes are not listed here but can be calculated using the City of Winnipeg's mill rate and the provided assessed value of $532,000. Your real estate agent can help obtain an accurate estimate.

5. Why did it sell recently in 2023?
The reason for the 2023 sale is not disclosed. It could be due to many common life events (relocation, upsizing, downsizing). A title search or discussion with the selling agent may provide context, but the transaction itself provides a transparent, recent benchmark for the home's market value.