83 Mayfield Crescent

Property Overview: 83 Mayfield Crescent

This well-established two-storey home in Elmhurst offers a classic family layout on a generous 7,199 sqft lot. Built in 1986, its key appeal lies in its balance of space, location, and value. The 1,554 sqft interior includes a finished basement, providing flexible living space, and is complemented by an attached garage. The property’s standout characteristic is its strong relative standing within Winnipeg, ranking in the top tiers for lot size, age, and assessed value compared to the broader market. Its appeal is grounded in being a solid, move-in-ready home in a mature neighbourhood, offering more land than many newer subdivisions. It would suit practical buyers—growing families or long-term owner-occupants—who prioritize space and established communities over brand-new construction, and who appreciate a home that holds competitive rankings for its lot and value city-wide.

Key Questions for Consideration

1. What do the ranking percentages actually mean?
   They show how this property compares to others. For example, ranking "in the top 15%" for lot size in Winnipeg means 85% of city homes have smaller lots, highlighting this as a key advantage.

2. Is a 40-year-old home a concern?
   While systems like roofing or HVAC may be due for inspection or updates, the home ranks newer than 70% of Winnipeg houses, indicating it's in a relatively younger cohort for the city's housing stock.

3. How does the finished basement affect living space?
   It adds functional, year-round space to the 1,554 sqft main footprint, which is already above average for Winnipeg. This is ideal for a recreation room, home office, or guest area.

4. Why is the lot size a significant feature?
   At over 7,000 sqft, it offers ample outdoor space for gardening, play, or expansion, a feature that is increasingly rare and ranks highly against most properties in the city.

5. How should the assessed value be interpreted?
   The municipal assessment of $489,000 is for tax purposes and provides a benchmark. Its ranking—higher than 81% of Winnipeg homes—confirms its solid market position, but the final sale price will be determined by current market conditions.