Property Overview: 15 Hookway Crescent
Key Characteristics & Appeal
This 1988 bi-level home in Elmhurst sits on a spacious 5,634 sqft lot. Its key features include a fully finished basement, an attached garage, and 1,410 sqft of living space. The home’s appeal lies in its established, quiet crescent location and its practical, multi-level layout, which offers clear separation between living and sleeping areas.
The property presents a grounded opportunity. While its interior size ranks in the middle range for the area, it sits on a larger-than-average lot for the street, offering valuable outdoor space. Its assessed value ranks higher than most homes in Winnipeg, suggesting stable municipal valuation. This home would suit first-time buyers or downsizers looking for a move-in-ready property in a mature neighborhood without the premium of a brand-new build. It’s also a sensible fit for those who value a finished basement for extra living space or rental potential, and who appreciate a home with a recent, documented sale history for price transparency.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this home to others on its street, in Elmhurst, and across all of Winnipeg. For example, its lot size is the largest on the street, but the living area is more modest compared to neighbors. Its assessment value is stronger city-wide than within its immediate community, which can be a point for discussion on value.
2. Is the 2016 sale price relevant today?
It provides a historical benchmark, showing the property increased in assessed value by approximately 13% over eight years. This is a useful data point for understanding longer-term trends for this specific home, though current market conditions will dictate today’s price.
3. What are the pros and cons of a bi-level design?
Pros include a natural separation of space, often with living areas on one level and bedrooms on another, and typically direct access to the basement and yard. A potential con is the split-level entry and staircase, which some find less open than a true bungalow or two-story layout.
4. How does the age of the home (built in 1988) factor in?
Homes from this era often feature modern wiring and standard room sizes. Buyers should anticipate maintenance or updates consistent with a nearly 40-year-old property, such as the roof, windows, or major appliances, which could be nearing the end of their service life.
5. The lot is large for the street. What does that mean?
A lot that ranks highly for its street is a distinct advantage. It offers more private outdoor space, better potential for gardening or expansions like a deck or shed, and may contribute to a less crowded feel compared to neighboring properties.