35 Hookway Crescent

Property Overview

This two-storey family home on a large, private lot in Elmhurst presents a rare combination of space, amenities, and established neighbourhood charm. Built in 1990, its key appeal lies in its generous proportions—both the 2,534 sqft interior and the nearly 9,000 sqft lot rank in the top 10% of homes in its immediate area. The property features a finished basement, an in-ground pool, and an attached garage, catering to a lifestyle oriented towards private recreation and entertaining at home.

Its broad suitability is underscored by strong relative rankings across metrics. It appeals most to buyers seeking a move-in ready, substantial home without the premium of a brand-new build. It would particularly suit a growing or multi-generational family that values indoor and outdoor living space, or an entertainer who appreciates the privacy afforded by the large lot and the added luxury of a pool. A less obvious perspective is its appeal to value-conscious buyers looking for "established equity"; the home's assessment and size metrics consistently outperform over 90% of Winnipeg, suggesting a property that has maintained significant relative value over time.

Frequently Asked Questions

1. How does the pool impact utility costs and maintenance?
While offering significant recreational value, an in-ground pool does increase seasonal utility costs for heating and filtration and requires regular opening/closing and chemical maintenance. Prospective buyers should budget for these ongoing responsibilities.

2. What does the "finished basement" entail?
The listing confirms a finished basement but does not specify the extent or layout. Buyers should inquire about ceiling height, the quality of finishes, and whether it includes a separate entrance or legal secondary suite potential.

3. The home is 36 years old. What major systems might need attention?
Given its age, key components like the roof, windows, HVAC system, and pool equipment are likely at or beyond their typical service life. A thorough inspection is crucial to anticipate upcoming capital expenditures.

4. The lot is very large. What are the property tax implications?
The current assessed value of $747,000 already reflects the premium for the large lot size. Taxes are calculated on this assessment, so while the lot is a major asset, it is also a contributing factor to the annual tax bill.

5. The home's value has risen significantly since 2016. Is there still room for appreciation?
While past performance is strong, future appreciation depends on broader market conditions. The home's standout features—its lot size and square footage—are finite commodities in the neighbourhood, which typically helps protect long-term value relative to standard lots.