23 Hookway Crescent

Property Overview: 23 Hookway Crescent

Key Characteristics & Appeal

This 1990-built, single-storey home in Elmhurst sits on a large, 7,339 sqft lot. Its primary appeal lies in offering above-average space and a modern build date relative to most of Winnipeg. With over 2,170 sqft of living space and a finished basement, it provides ample room for a family. The property ranks highly across several metrics, particularly for its lot size, newer construction (newer than 75% of Winnipeg homes), and overall assessed value within its community and the wider city. It suits buyers looking for a spacious, single-level layout in a mature neighbourhood, who value a home that is both physically larger and statistically newer than the majority of comparable properties. A thoughtful perspective is that while the home is 36 years old, its rankings suggest it exists in a "sweet spot"—offering established neighbourhood character while still being a relatively contemporary structure compared to the broader housing stock, potentially balancing charm with fewer immediate renewal needs.

Potential Buyer FAQs

1. What does the "ranking" data actually mean?
   It shows how this property compares to others in its immediate street, community, and all of Winnipeg. For example, being newer than 85% of homes on its street and 75% in Winnipeg indicates a competitive advantage in age and likely modern systems.

2. Is the finished basement included in the 2,171 sqft living area?
   Typically, living area (sqft) refers to above-grade space. The finished basement is an additional bonus area, adding significant functional space to the home's total usable footprint.

3. Who might this property not suit?
   Buyers seeking a brand-new build or a home with extensive recent renovations, as a 1990 home will likely have some original components. It may also not suit those preferring a smaller, low-maintenance yard given the substantial lot size.

4. How should I interpret the high assessment value ranking?
   The assessment ranks higher than 93% of Winnipeg homes, suggesting the city views it as a high-value property. This can be a positive indicator, but it's important to compare the assessed value to the current list price and recent area sales.

5. What are the implications of a "one storey" design on a large lot?
   This combination is desirable for accessibility and single-level living. The large lot provides privacy, expansion potential, and outdoor space, but also entails more yard maintenance responsibility for the owner.