74 Mayfield Crescent

Property Overview: 74 Mayfield Crescent

This well-established two-storey home in Elmhurst presents a practical and comfortable living proposition. Built in 1984, it sits on a generous 5,508 sqft lot and offers nearly 2,000 sqft of finished living space, including a developed basement. Its appeal lies in its established neighbourhood setting, above-average interior space for the area, and a sense of solidity. The home ranks notably high within Winnipeg for its living area and assessed value, suggesting it offers good spatial value relative to the broader market. It would suit buyers looking for a move-in ready, no-surprises family home in a mature community, particularly those who prioritize interior space and a large yard over a brand-new build. A thoughtful perspective is that while the home's age places it in the older tier on its street, it ranks as newer than most in the wider community, indicating a neighbourhood of enduring appeal that has seen consistent development.

Key Details & FAQs

Key Characteristics:

• Type & Size: A two-storey home with 1,978 sqft of living space and a finished basement.
• Lot: A large 5,508 sqft lot.
• Age & Garage: Built in 1984 (42 years old) and features an attached garage.
• Location: Situated in the established Elmhurst neighbourhood of Winnipeg.
• Market Position: The home's living area and municipal assessment rank within the top 15% and 14% of all Winnipeg properties, respectively, indicating strong metrics for space and value.

FAQs:

1. What is the neighbourhood like?
Elmhurst is a mature, established community. The rankings show this home is on a street and in a neighbourhood with mostly older homes, suggesting a settled, stable area with well-developed landscaping and community character.

2. How does the home's age affect its value?
While 42 years old, the home has been maintained to a standard that keeps its assessed value competitive. It ranks as newer than over 70% of homes in Elmhurst, meaning many neighbours are in a similar vintage, which can be appealing for buyers seeking a community with established infrastructure and mature trees.

3. Is the living space larger than average?
Yes. With 1,978 sqft, this home offers more living area than 90% of properties across Winnipeg and 85% within Elmhurst itself. This is one of its standout features, providing ample room for a growing family or those who desire more spacious interiors.

4. What do the rankings actually mean?
They show how this property compares to others in three geographic circles. For example, ranking in the "top 10%" for living area in Winnipeg means 90% of city homes are smaller. It's a quick way to gauge relative size, age, and value against immediate and broader markets.

5. Who is this home best suited for?
This property is ideal for practical buyers seeking space and community over novelty. It suits families or downsizers who want a generous yard and interior room without the premium of a new build, and who appreciate the character and stability of an established neighbourhood like Elmhurst.