Property Overview: 4 Hookway Crescent, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This 1989-built, single-storey home in Elmhurst sits on a generous 6,224 sqft lot. Its key features include a fully finished basement, an attached garage, and 1,261 sqft of living space. The property's primary appeal lies in its established, quiet crescent location and its larger-than-average lot, offering room for gardening, play, or expansion. The home presents as a functional, no-fuss layout that has been maintained.

The data reveals a nuanced position: while the living space is modest compared to immediate neighbors, the lot size and the home's age are competitive strengths within the broader community and city. The recent sale price of $325,000 (Dec 2024) came in below the current assessed value, which may indicate an opportunity for value-conscious buyers or those willing to put in personal updates. This property would suit first-time buyers looking for a solid entry point into a mature neighborhood, downsizers seeking single-level living without a tiny lot, or practical investors attracted by the finished basement's rental potential. Its appeal is grounded in space and location rather than modern finishes or size.

Frequently Asked Questions

1. Why was the recent sale price lower than the city assessment?
Sale prices can be influenced by many factors, including market conditions at the time, the property's specific condition, and buyer-seller motivations. An assessment is an estimate of value for taxation purposes and doesn't always align perfectly with market value. The difference could represent a buying opportunity or reflect aspects not captured in the basic data.

2. How does the smaller living space impact livability?
While the square footage is modest, the fully finished basement effectively doubles the usable space, offering crucial room for recreation, a home office, or guest areas. The single-storey design also means all main living areas are on one level, which can feel more efficient and accessible.

3. What does the lot size ranking actually mean for me?
Ranking in the top half of the street for lot size means you have more outdoor space than many of your direct neighbors. This is a significant advantage in an older neighborhood, providing more privacy, landscaping options, and potential for additions like a shed or deck compared to tighter lots.

4. Is a 37-year-old home a concern?
Homes from this era typically have modern foundations, wiring, and insulation standards. The key will be the upkeep of major systems like the roof, windows, and HVAC, which are likely at or beyond their typical lifespans and should be inspected carefully. This age of home often offers better construction quality than newer, faster-built properties.

5. Who would this neighborhood, Elmhurst, appeal to?
Elmhurst is a mature, established community with larger lots and a mix of home styles. It appeals to those seeking a quiet, residential feel with the convenience of nearby amenities and major routes. It's less about trendy cafes and more about stable, family-friendly streetscapes with room to breathe.