Property Summary: 55 Hewitt Crescent
Key Characteristics & Appeal
This is a spacious, two-storey family home built in 1979, situated on a large, approximately 7,200 sqft lot in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in its generous proportions, offering over 2,000 sqft of living space, which ranks it within the top 10% of homes in its community for size. The property includes an unfinished basement and an attached garage. While the home is nearly 50 years old, its construction date is newer than most on its specific street.
The home's value proposition is one of established space and potential. It suits buyers looking for a classic layout with room to grow, who are comfortable with a home of this vintage and may see value in personalizing an unfinished basement to their own needs. The large lot is a significant asset for families, gardeners, or those simply wanting ample outdoor space—a feature that becomes increasingly rare. Thoughtfully, its assessment value is notably lower than many in the immediate area, which could present a relative value opportunity for the square footage offered, though it may also reflect the unfinished state and era of the home.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg. For example, being newer than 87% of houses on Hewitt Crescent but only newer than 39% in the wider community shows the street has many older homes, providing context for the neighbourhood's character.
2. Is the unfinished basement a drawback or an opportunity?
This depends on the buyer. It requires investment to finish, but it allows for complete customization—you can create exactly the space you need without first demolishing someone else's work. It also means the mechanical systems are likely easily accessible for inspection and maintenance.
3. The lot is large, but how is it shaped and oriented?
The provided data confirms the size but not the layout. This is a key point to investigate, as a long, narrow lot versus a wide one, or the backyard's sun exposure, greatly impacts its usability for play, gardening, or future additions.
4. Why is the assessed value ranking lower than the size ranking?
A home ranking in the top 8% for size but only the top 21% for assessed value in Winnipeg suggests the assessment accounts for more than square footage. Factors like the home's age, the unfinished basement, and interior condition likely influence this, indicating the price may reflect a need for some updates.
5. What is the typical mix of homes in Elmhurst?
The data shows a wide range, from much older to newer homes. With this home ranking near the middle for age in the community, it fits into an established, mature neighbourhood with a varied streetscape, likely offering a mix of long-time residents and newer families.