47 Mayfield Crescent

Property Overview: 47 Mayfield Crescent

This 1985-built, two-storey home in Elmhurst offers a practical and comfortable living space on a generous 5,720 sqft lot. Its key appeal lies in its established neighbourhood setting and well-proportioned layout, featuring 1,837 sqft of living space and a finished basement. The home presents a solid, move-in-ready option that balances space, location, and value.

It particularly suits first-time buyers or growing families looking for a dependable home in a mature area without the premium of a new build. It also appeals to value-conscious buyers who prioritize more interior and yard space over a brand-new property, and who appreciate the stability of a long-established community.

Key Details & Questions

What are the main features of the home?
The property is a two-storey with a finished basement and an attached garage. It sits on a large lot nearly double the size of many newer properties, providing ample outdoor space. With 1,837 sqft of living area, it ranks within the top 23% of homes in its community for size.

How does it compare to others in the area?
The home holds a unique position. While its assessment value is competitive, ranking better than 82% of Winnipeg homes, it is newer than 75% of houses in Elmhurst. This suggests it offers a more modern footprint within a well-established neighbourhood, potentially requiring less immediate updating than older peers.

What is the neighbourhood like?
Elmhurst is a mature, stable community in Winnipeg. The rankings indicate the home is on a street and in a neighbourhood with many properties of similar vintage, offering a consistent streetscape. Its lot size is a standout feature here.

Is the price aligned with its value?
The municipal assessment is $496,000. The home’s value rankings are strong city-wide, particularly for its living space (top 14% in Winnipeg) and lot size. This indicates the fundamentals of the property—space and land—are significant assets relative to the broader market.

What should a potential buyer consider?
Built in 1985, the home is entering a period where some original components (like the roof, windows, or major systems) may need attention or have been updated. A thorough inspection is advised. The appeal is for those who see value in space and location over a newer construction, and who are prepared for the maintenance typical of a home of this age.