19 Hookway Crescent

Property Overview: 19 Hookway Crescent

This well-established Elmhurst bungalow presents a practical and comfortable living opportunity. Built in 1992, its key appeal lies in its efficient single-level layout, generous 6,192 sqft lot, and a move-in-ready condition with a finished basement. The home ranks notably well for its newer construction age within its immediate area, surpassing 94% of houses on its street. While the living space is modest at 1,368 sqft, the finished basement and attached garage add functional space. The property’s overall assessed value positions it competitively, ranking higher than most homes across Winnipeg.

This home would suit first-time buyers seeking a manageable, low-maintenance bungalow, or downsizers looking for single-level living without sacrificing yard space. Its appeal is grounded in long-term livability and stability rather than luxury finishes, offering a solid foundation in a mature neighbourhood.

Key Details & Questions

1. What is the neighbourhood like?
Elmhurst is a mature, established neighbourhood in Winnipeg. The high ranking for the home's construction age on its street suggests the area has many older homes, making this one a relatively newer property in that context.

2. How does the finished basement add value?
It effectively increases the usable living space beyond the 1,368 sqft main floor, which is crucial for a bungalow. This adds flexibility for recreation, guests, or storage, enhancing the home's functionality.

3. Why is there a difference between the living area rank and the value rank?
The living area is smaller than many homes on the street, but the property ranks much higher for its assessed value. This suggests factors like the lot size, condition, finished basement, and newer age contribute significantly to its overall market assessment.

4. What does the lot size offer?
At over 6,000 sqft, the lot is a major asset. It provides ample outdoor space for gardening, play, or entertaining, with room for potential additions like a shed or deck, which is a premium in many urban areas.

5. Is this a competitive property based on the data?
The data presents a mixed but generally positive picture. It ranks very high for age and lot size, average for community living space, and lower for street-level living space and assessed value. This indicates it's a stronger contender within the broader market than on its specific street, likely appealing to buyers who prioritize the bungalow style, lot size, and newer build over sheer square footage.