Property Overview: 20 Hookway Crescent
This well-established Elmhurst bungalow offers a practical and comfortable living space on a generous, mature lot. Its appeal lies in its efficient single-level layout, finished basement adding valuable living area, and a location within a quiet crescent. The home suits first-time buyers looking for a move-in ready property with room to grow, downsizers seeking main-floor living without sacrificing space, or investors attracted by its solid fundamentals and rental potential in a stable neighborhood. A thoughtful perspective is its strong relative value within Winnipeg proper, ranking in the top 30% of the city for lot size and overall assessed value, suggesting a property that holds its ground in the broader market.
Key Details & FAQs
Key Characteristics:
- Layout: A classic one-storey (bungalow) design with a fully finished basement, providing a clear separation for living and recreational spaces.
- Space: Features 1,302 sqft of living space above grade, supplemented by the basement, on a large 6,113 sqft lot—a notable size that ranks highly compared to most Winnipeg properties.
- Condition & History: Built in 1988, it presents a maintained, 38-year-old home with recent ownership history; it last sold in September 2017 for $395,000 and currently holds a municipal assessment of $479,000.
- Practical Features: Includes an attached garage and no pool, aligning with low-maintenance, year-round functionality in Winnipeg's climate.
Frequently Asked Questions:
1. How does this home compare to others in the area?
The data shows a mixed but promising profile. It ranks very highly for its large lot size within the city and is newer than most Winnipeg homes. While its above-grade living area is more modest compared to immediate neighbors, its overall assessed value is strong, placing it in the top 35% of the community and top 21% city-wide.
2. Is the basement included in the listed living area?
No. The 1,302 sqft figure refers to the main floor living area. The basement is separate, finished, and adds significant additional functional space to the property.
3. What might the assessment value indicate?
The current assessment of $479,000, which is considerably higher than the 2017 sale price, reflects the city's valuation for tax purposes. It suggests the property's fundamentals (lot size, location, improvements) are viewed favorably in the current market context, though the final sale price is determined between buyer and seller.
4. Who would this property suit best?
It's an excellent fit for those prioritizing single-level living or a manageable footprint without a tiny yard. The finished basement makes it versatile for families, a home office, or a recreation room. Its rankings indicate it may offer better relative value at the city level than on its specific street.
5. Are there any immediate red flags from the public data?
The public data doesn't show obvious red flags. The 2017 sale was typical for the time. The fact that it ranks low on the street for living area but very high for lot size highlights its configuration: it's a bungalow with a spacious yard, which is a specific trade-off that will appeal to certain buyers over others.