247 Mayfield Crescent

Property Summary: 247 Mayfield Crescent

Key Characteristics & Appeal

This 1985-built, one-storey home in Elmhurst sits on a generous 6,130 sqft lot and offers 1,410 sqft of living space, including a finished basement. It features an attached garage and no pool. The home’s recent sale in late 2022 for $552,000, significantly above its current assessed value, suggests it may have seen updates or possesses intangible appeal not fully captured in the basic metrics.

Its primary appeal lies in its established neighbourhood setting and above-average lot size, providing space and maturity. The data reveals a compelling contrast: while its physical attributes like living area rank in the middle ranges for its community, its recent sale price performed exceptionally well, ranking higher than 89% of Winnipeg homes sold. This indicates a property that may be perceived as more valuable than the raw numbers suggest, possibly due to factors like condition, layout, or specific location within Elmhurst.

This home would suit buyers looking for a solid, single-level dwelling in a mature area, who value outdoor space over a brand-new build. It’s particularly suited for those who appreciate a home with a recent, strong market validation, seeing opportunity in a property that has already demonstrated considerable value growth.

Frequently Asked Questions

1. Why is the 2022 sale price so much higher than the current assessed value?
Assessed values for taxation purposes often lag behind rapid market shifts. The sale price reflects what a buyer was willing to pay at the peak of the recent market, likely influenced by factors like interior condition, specific upgrades, or buyer demand at that time.

2. What does the ranking data for "Build Year" mean?
The home was built in 1985. The ranking shows it is newer than 75% of homes in Elmhurst, which is a positive in an established neighbourhood. This suggests the surrounding area consists mostly of older homes, making this property relatively modern in its context.

3. Are the lot size and living space competitive for the area?
The lot size is a standout feature, ranking very well. The living space is fairly average for the broader community. This combination is ideal for buyers who prioritize yard space over a very large interior footprint.

4. What type of neighbourhood is Elmhurst?
The data indicates a mature, established neighbourhood with a wide variety of home ages and values. The high ranking of the recent sale price within the community suggests this specific street or pocket may be particularly desirable.

5. Does the "one-storey" design mean it's a bungalow?
Yes, "ONE STOREY" typically describes a bungalow-style home, which offers the convenience of all primary living spaces on one level, often appealing to a wide range of buyers including those planning for long-term accessibility.