95 Mayfield Crescent

Property Overview: 95 Mayfield Crescent

This well-established two-storey home in Elmhurst offers a classic and practical family living environment. Built in 1985, it sits on a large, approximately 7,200 sqft lot, providing ample outdoor space. The 1,590 sqft interior includes a finished basement and an attached garage. The home’s key appeal lies in its generous lot size, which ranks in the top 15% across Winnipeg, offering rare space for gardening, play, or future expansion in a mature neighbourhood. Its overall assessed value ranks highly city-wide, suggesting a solid, above-average investment in a stable area.

It would suit buyers looking for a move-in ready home with room to grow outdoors, without the premium of a brand-new build. It’s ideal for families or long-term owners who value established communities, larger property sizes, and a home that has been maintained and updated over time. A thoughtful perspective is that while the house itself is middle-of-the-pack in size for its immediate area, the significant lot size represents a tangible asset that is increasingly scarce, offering potential that newer subdivisions often don't match.

Frequently Asked Questions

1. How does the lot size compare to newer homes?
At 7,198 sqft, this lot is substantially larger than those found in many modern subdivisions, where lots are often 4,000-5,000 sqft. This is one of the property's standout features.

2. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the rooms or finish quality. This would be a key point to clarify during a viewing to understand the additional living space.

3. The home was last sold in 2019. What might this indicate?
The 2019 sale suggests the current owners have lived there for a medium-term period, which can often point to consistent upkeep and a stable ownership history, as opposed to a quick "flip."

4. How should I interpret the various ranking percentages?
These rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. For example, ranking in the "top 15%" city-wide for lot size is a major strength, while its interior size is more average for the local community.

5. Has the property value increased since 2019?
Based on the 2019 sale price of $415,000 and the current assessed value of $485,000, the official assessment indicates significant appreciation. It's important to note that market value can differ from the assessed value.