Property Overview: 39 Hookway Crescent
This well-established two-storey home in Elmhurst presents a compelling opportunity for buyers seeking space, a mature setting, and solid value. Built in 1989, it sits on a generous 6,607 sqft lot and offers 2,331 sqft of living space, including a finished basement. The home features an attached garage and ranks highly for its size and value relative to most of Winnipeg.
Key Characteristics & Appeal
The primary appeal of this property lies in its established footprint and proven value. It offers significantly more living and land space than the majority of homes across the city, providing room to grow or simply enjoy. Its consistent ranking in the top tiers for size, assessed value, and lot size within its immediate area suggests it is a substantial and above-average offering for the neighbourhood.
This home would suit buyers who prioritize interior space and a large yard over a brand-new build. It’s ideal for a family looking for a move-in-ready home with a finished basement in a mature community with settled streetscapes. The data also indicates it’s a strong candidate for value-conscious buyers, as its last sale price in 2019 was notably below its current assessed value, hinting at potential equity growth and a history of being a sound investment.
A less obvious perspective is the advantage of its specific age. Homes from this era often benefit from modernized building standards compared to much older stock, while also having had time for neighbourhood amenities and landscaping to fully mature, offering an immediate sense of permanence and community.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows it ranks very well, particularly for size. It has more living space than 82% of homes on its street and 96% in the broader Elmhurst community, making it one of the larger properties available.
2. What does the assessment value tell me?
The current municipal assessment is $592,000. This is not a market price, but an estimate for tax purposes. However, ranking higher than 92% of Winnipeg homes for assessed value indicates the city views it as a well-above-average property.
3. The home was last sold in 2019. Is that a concern?
Not necessarily. The 2019 sale price of $523,000, compared to the current assessment, suggests the owners have likely seen meaningful equity growth. A five-year ownership period also indicates a stable history without frequent turnover.
4. Is the lot size a significant feature?
Yes. At 6,607 sqft, the lot is larger than average and provides ample outdoor space. This is a key differentiator in mature neighbourhoods where lot sizes can vary greatly.
5. What is implied by the "finished basement"?
While specific finishes aren't detailed, this confirms the lower level is developed into livable space, adding to the home’s functional square footage for recreation, guests, or a home office.