66 Mayfield Crescent

Property Summary: 66 Mayfield Crescent

Key Characteristics & Appeal

This 1987-built two-storey home in Elmhurst offers a well-established, spacious family footprint on a large, quiet crescent lot. Its key appeal lies in its generous proportions, both in its 2,423 sqft of finished living space and its nearly 8,000 sqft lot, placing it in the top tier of homes locally for size. The property features a finished basement and an attached garage. Market data underscores its standout position: it ranks in the top 3-4% of comparable homes in Winnipeg for both living area and assessed value, suggesting a premium, well-maintained property in its class. It particularly suits buyers looking for move-in-ready space without a new-build price, who value established neighborhoods with larger lot sizes. A thoughtful perspective is that while the home is nearly 40 years old, its superior rankings indicate it has likely been updated or maintained above average for its age, offering a balance of character and modern livability.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and citywide. For example, ranking in the top 3% for living area on its street means 97% of homes nearby are smaller, confirming this is one of the largest homes available in this locale.

2. Is the finished basement included in the 2,423 sqft living area?
Typically, "living area" refers to above-grade, heated space. The finished basement is an additional bonus area, adding to the home's total usable square footage.

3. What is the significance of a high assessed value ranking?
A high assessment ranking (top 4% citywide) generally indicates the municipal assessor views the property's value as significantly above average. This often reflects the home's size, condition, and the desirability of its lot.

4. As a home from the late 1980s, what major systems might need attention?
While the home appears well-positioned, a prudent buyer would pay special attention to the age and condition of the roof, windows, and major mechanical systems like the furnace and water heater, which may be nearing or beyond their typical lifespans.

5. The lot is large for the area. What are the potential benefits or responsibilities?
The nearly 8,000 sqft lot offers ample space for gardening, play, or expansion, but also entails more maintenance (lawn care, landscaping) than a standard city lot. It also provides a greater degree of privacy and separation from neighbors.