Property Summary: 3 Hookway Crescent
Key Characteristics & Appeal
This is a well-established, single-storey family home in Elmhurst, built in 1988 and situated on a generous 6,205 sqft lot. Its key features include a fully finished basement and an attached garage. The home’s 1,406 sqft of living space offers a practical layout typical of its era.
The appeal lies in its solid position within the broader Winnipeg market. The property ranks in the top third city-wide for lot size, age, and assessed value, suggesting a desirable and stable investment compared to many others. Within its own Elmhurst community, it stands out as notably newer than most homes. This combination—a mature neighborhood, a relatively modern build date for the area, and a large lot—offers a balanced proposition. It would suit buyers looking for a move-in-ready home without the premium of a new build, who value space and established communities over brand-new finishes. It's particularly fitting for those seeking single-level living or a manageable property with room to grow outdoors.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show how this home compares to others. For example, being newer than 81% of homes in Elmhurst is a significant advantage, indicating less immediate concern for major age-related updates compared to neighborhood peers.
2. Is the finished basement included in the 1,406 sqft living area?
Typically, "living area" refers to above-grade, heated space. The finished basement is an additional area, adding functional square footage like a rec room or extra bedrooms not reflected in the main 1,406 sqft figure.
3. The home ranks lower on its own street for size and value. Should I be concerned?
This can indicate that Hookway Crescent is a desirable street with larger or more recently renovated homes. It suggests potential for value growth by bringing the property in line with street standards, but it's wise to research recent sales on the street for context.
4. How might the 1988 build year affect maintenance?
While newer than many area homes, a 38-year-old house will likely have had key components like the roof, windows, and major systems updated. A pre-purchase inspection is crucial to identify the replacement timeline for these items.
5. Why is the lot size a key point of appeal?
At over 6,000 sqft, the lot is larger than nearly 75% of properties in Winnipeg. This provides valuable outdoor space, privacy, and flexibility for gardening, play, or future additions, which is increasingly rare in mature neighborhoods.