71 Hookway Crescent

Property Overview

71 Hookway Crescent is a well-established, single-family home in Winnipeg's Elmhurst neighborhood. Built in 1988, this one-storey bungalow sits on a spacious 6,110 sqft lot and offers 1,449 sqft of living space, including a finished basement and an attached garage.

The home’s appeal lies in its balance of space, location, and value. It presents a solid, move-in-ready foundation in a mature community. The large lot is a significant asset, offering ample outdoor space for gardening, play, or future expansion—a feature becoming rarer in newer subdivisions. Its finished basement adds valuable flexible space for a growing family, a home office, or a recreation room.

This property would suit first-time buyers or young families looking for a practical home with room to grow without the premium of a brand-new build. It also appeals to downsizers or those seeking single-level living due to its bungalow style, while still offering the full basement for storage or hobbies. The data suggests it offers strong value relative to much of Winnipeg, ranking in the top third for assessed value city-wide, making it a sensible choice for value-conscious buyers.

Key Considerations & FAQs

1. What is the neighborhood like?
Elmhurst is a mature, established neighborhood in Winnipeg. It offers the quiet, tree-lined streets typical of communities built in the late 20th century, with good access to local amenities, schools, and major routes. The rankings show the home is newer than most in the area, which can be an advantage.

2. How does its value compare?
The home’s assessed value of $480,000 ranks it favorably, surpassing 79% of Winnipeg properties. Its last sale in December 2020 was very close to this assessment at $485,000, indicating stable value in recent years.

3. What are the less obvious pros and cons?
A thoughtful advantage is the lot size—over 6,000 sqft provides a generous backyard, a rarity that offers privacy and potential. A consideration is the home’s age (38 years); while systems may be functional, budgeting for eventual updates to roofing, windows, or major appliances is a prudent part of ownership.

4. Is the basement a legal suite?
The listing notes the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should verify its compliance with local regulations and confirm the specifics of the layout and separate entrance.

5. Why does it rank lower on its own street for some metrics?
The home ranks in the middle or lower third on its specific street for size, value, and age. This indicates Hookway Crescent may have a mix of larger, more recently built, or higher-value homes. It suggests a good street, but this property is one of the more modest on the block, which can be positive for entry into a desirable location.