Property Overview: 70 Hookway Crescent
This two-storey family home in Elmhurst offers a classic and practical layout on a large, 6,113 sqft lot. Built in 1988, its key appeal lies in its established neighborhood setting and its generous proportions, both indoors and out. With 1,873 sqft of living space, an unfinished basement, and an attached garage, it provides solid fundamentals for family living or future customization.
The home’s value is underscored by its strong city-wide rankings, particularly for its above-average living area and lot size, placing it ahead of most Winnipeg homes in these categories. Its appeal is grounded in space and potential rather than luxury finishes. It would suit a practical buyer—perhaps a growing family seeking room to spread out, or a hands-on homeowner who sees value in an unfinished basement to tailor to their own needs over time. It’s a property for those who prioritize lot size and interior square footage in a mature area over a brand-new build.
Frequently Asked Questions
1. What is the true sense of space and potential here?
The numbers tell a clear story: the lot size and living area are both well above average for Winnipeg. This means more room for kids to play, gardening, or future additions like a deck or patio. The unfinished basement is a blank canvas for additional living space, storage, or a recreational room.
2. How does the 1988 build year affect the home?
A home of this age typically means established infrastructure and mature landscaping. Buyers should budget for the potential updating of original components, such as windows, roof, or major appliances, which may be nearing the end of their service life. On the positive side, neighborhoods from this era often have a settled, community feel.
3. The rankings show strength in size but lower rankings for value on its street. What does that mean?
While the home ranks highly city-wide for its size, its assessed value is on the higher end compared to its immediate neighbors on Hookway Crescent. This could indicate the lot and home are larger than others on the block, or it may suggest a premium price point for the street. It’s wise to compare recent sales on the crescent to understand current market dynamics.
4. Is the unfinished basement a pro or a con?
This depends entirely on the buyer. It’s a con for those seeking immediate, move-in-ready finished space. It’s a significant pro for buyers who want to customize the space to their exact specifications—and only pay for what they want—without needing to demolish existing finishes first.
5. What type of lifestyle does Elmhurst offer?
Elmhurst is a mature, established neighborhood in Winnipeg. Residents typically benefit from larger lot sizes, older tree canopies, and the convenience of nearby schools, parks, and local amenities that have been in place for decades. It appeals to those looking for a quiet, residential setting without being in a remote suburb.