Property Summary: 86 Hookway Crescent
Key Characteristics & Appeal
This is a spacious, well-established two-storey home in Elmhurst, built in 1988. Its primary appeal lies in its generous proportions and strong standing within the broader Winnipeg market. With over 2,200 sqft of living space, a finished basement, and a large 6,224 sqft lot, it offers considerable room for family living. The data indicates it ranks highly, particularly for its size and assessed value, outperforming the majority of homes across Winnipeg. Its appeal is grounded in being a substantial, "above-average" property in both its immediate area and the city at large. Recent sale history shows significant value appreciation between 2020 and 2021.
This home would best suit buyers looking for a move-in ready, sizeable family home in a mature neighbourhood, who value space over a brand-new build. It's ideal for those who appreciate a property with proven value growth and metrics that consistently place it in the top tiers of the market for space and assessment value.
Frequently Asked Questions
1. How does the age of the home (built in 1988) factor into its value?
While 38 years old, the home's rankings show it surpasses 73% of Winnipeg homes in value and 95% in size. This suggests it has been maintained or updated to remain competitive, with its spacious layout and lot size offsetting the age for many buyers.
2. The 2020 and 2021 sale prices show a big jump. What does this mean?
The jump from $407,000 to $831,000 likely reflects a major renovation, significant market inflation during that period, or a combination. It's a key point for investigation to understand what changed to justify the increase.
3. What do the percentile rankings (e.g., "top 5% for size") actually tell me?
They provide context beyond the raw numbers. They indicate that while the home may be average in age for its street, its living space is exceptionally large for the community and city, making it a standout in that specific category.
4. The lot is large, but is there a pool or major outdoor features?
The listing specifies no pool. The appeal of the lot is the sheer square footage (over 6,200 sqft), which offers ample space for gardening, play, expansion, or adding amenities like a deck or patio in the future.
5. How does the value assessment compare to the last sale price?
The current assessed value is $674,000, which is notably lower than the 2021 sale price of $831,000. This is not uncommon, as municipal assessments often lag behind rapid market shifts. It's important to base current value on recent comparable sales, not just the assessment.