55 Hookway Crescent

Property Overview

55 Hookway Crescent is a substantial, well-established family home in Elmhurst. Built in 1988, it sits on a large, 7,732 sqft lot and offers nearly 2,900 sqft of finished living space across two storeys, plus a developed basement. A standout feature is the private backyard pool. The home's key statistics consistently rank in the top tier for its size and assessed value, not just in its immediate neighborhood but across Winnipeg, indicating a property that is both spacious and highly desirable by market standards.

Key Characteristics & Appeal

This home’s primary appeal lies in its generous scale and established setting. It is a classic two-storey design offering significant room for a growing or multi-generational family, further expanded by the finished basement. The private, in-ground pool is a major lifestyle asset for summer enjoyment and entertaining. The large lot provides ample outdoor space for play, gardening, or future additions.

Its competitive rankings reveal a less obvious perspective: this isn't just a big house on its street; it's among the largest and most valuable properties in the broader Elmhurst community and citywide. This suggests a solid long-term investment in a coveted location. The home suits buyers looking for a move-in ready, spacious residence with recreational amenities already in place, who value both privacy and established neighborhood character. It would particularly fit families or those who love to host, seeking a property with proven market stature and room to grow without the need for immediate expansion.

Frequently Asked Questions

1. How does the age of the home (built in 1988) affect its condition?
While the home is nearly 40 years old, its top-tier assessed value and size rankings suggest it has been well-maintained and updated over time. Prospective buyers should still prioritize a thorough inspection to assess the condition of major systems like the roof, plumbing, and electrical, which may be due for servicing or updates.

2. What are the ongoing costs associated with the swimming pool?
Beyond initial enjoyment, a pool requires seasonal opening/closing, regular maintenance, chemicals, and increased insurance and utility costs. It's a valuable amenity but represents a recurring annual investment in both time and money.

3. The home ranks highly for size and value, but only in the 29th percentile for age on its street. What does this mean?
This indicates that while 55 Hookway is one of the larger and more valuable homes on the block, there are newer houses nearby. This can be positive, suggesting an established, mature streetscape with a mix of home ages, and that this property's value is driven by its lot size and square footage rather than being the newest construction.

4. Is the finished basement included in the 2,909 sqft living area?
Typically, "living area" refers to above-grade, heated square footage. The "finished basement" is listed separately, meaning the total usable space in the home is actually greater than the reported 2,909 sqft.

5. What does the high assessed value relative to the neighborhood imply?
An assessment that ranks in the top 100% of the community signifies the city views this as one of the most valuable properties in Elmhurst. This generally supports a strong listing price but also results in correspondingly higher property taxes compared to neighboring homes.