55 Mayfield Crescent

Property Overview: 55 Mayfield Crescent

This well-established Elmhurst home presents a practical and spacious family living option. Built in 1986, the 4-level split design on a large 5,720 sqft lot offers distinct zones for living and privacy. With 1,723 sqft of finished living space that includes a developed basement, the layout is versatile. The home’s key appeal lies in its above-average interior space and lot size for the area, providing room to grow. Its recent 2020 sale suggests a motivated previous owner, and the current assessed value aligns with a property that has seen updates. This property would best suit a buyer looking for a move-in ready, no-fuss family home in a mature neighbourhood, who values functional space over brand-new condition and appreciates the stability of an area with decades of history.

A few less obvious points to consider: The home ranks more highly for its size within the broader city than it does on its own street, indicating it offers more interior space than many Winnipeg homes, but is quite typical for Mayfield Crescent. Also, while 40 years old, it is newer than over 70% of Winnipeg's housing stock, suggesting it may have modern fundamentals despite needing periodic updates.

Frequently Asked Questions

1. What is the neighbourhood like?
Elmhurst is a mature, family-oriented neighbourhood in Winnipeg. It features established parks, schools, and local amenities, with a mix of well-kept homes from various eras, offering a settled, community feel.

2. Is the basement included in the square footage?
Yes, the listed 1,723 sqft of living area includes the finished basement, as is common for 4-level split homes. This provides additional functional space for recreation, guests, or a home office.

3. What does the "rankings" data mean?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg for metrics like size, age, and value. For example, being newer than 70% of Winnipeg homes is a positive indicator of its relative condition.

4. What are the typical maintenance considerations for a home of this age?
At 40 years old, a buyer should budget for and inspect major systems that are near or past their typical lifespan. This includes the roof, windows, furnace, and water heater. A thorough home inspection is highly recommended.

5. How does the 2020 sale price relate to the current asking price?
The property sold for $435,000 in May 2020. The current assessed value is $491,000. This increase reflects market changes and any improvements made by the sellers. It provides a recent benchmark for valuation discussions.