79 Hookway Crescent

Property Overview

79 Hookway Crescent is a well-established two-storey home in Elmhurst, built in 1989. Its key appeal lies in offering above-average space and a mature lot in a settled neighbourhood. With over 2,000 sqft of living space and a fully finished basement, it provides ample room for a family. The lot size of over 6,300 sqft is notably generous, offering potential for gardening, play, or expansion. The home's rankings indicate it outperforms most of Winnipeg for living space and lot size, and it is newer than most homes in its immediate area. It does not have a garage or pool.

This property would suit buyers looking for a move-in-ready family home with established landscaping in a quiet crescent. It’s ideal for those who prioritize interior space and a large yard over features like a garage. The fully finished basement adds valuable flexible space for recreation, a home office, or guests. Given its age, it may also appeal to buyers comfortable with the maintenance and character of a late-80s build, with the potential to update fixtures over time.

Frequently Asked Questions

1. How does the lack of a garage impact daily life and property value?
While a garage is a common convenience, its absence is reflected in the price and is typical for many homes of this era in the area. Buyers often use the large driveway for parking and utilize the substantial basement or shed for storage. For some, the trade-off for a larger lot and house at this price point is acceptable.

2. The home is 37 years old. What should I be mindful of?
Key systems like the roof, windows, furnace, and plumbing may be nearing or have exceeded their typical lifespans. A thorough inspection is essential to understand the condition and budget for any upcoming updates. On the positive side, older homes in established neighbourhoods often feature more solid construction and mature trees.

3. What do the "rankings" actually tell me?
These rankings compare this home to others on its street, in Elmhurst, and across Winnipeg. They highlight that this home's living space and lot size are its most competitive features, ranking in the top 25% and 9% city-wide, respectively. This suggests you get more space here than in most Winnipeg homes.

4. Is the finished basement included in the 2,024 sqft living area?
No, typically the listed "living area" refers to above-grade square footage. The fully finished basement is additional space, significantly increasing the home's usable area beyond the official figure.

5. The assessment is $534,000. Does this mean that's the market price?
Not necessarily. The assessed value is for municipal tax purposes and can be a benchmark, but market price is determined by current supply, demand, condition, and recent sales of comparable homes. It's a data point to discuss with your real estate agent.