Property Overview: 51 Hookway Crescent
Key Characteristics & Appeal
This 1989-built, two-storey home in Elmhurst sits on a generous 6,175 sqft lot. With 1,799 sqft of finished living space, including a developed basement, it offers ample room for a growing family or those who value space. Its appeal lies in a balanced combination of established neighbourhood charm and strong relative value. The home ranks notably well city-wide for its lot size, newer age (compared to Winnipeg's housing stock), living area, and assessed value, indicating it is a competitively sized and proportioned property within the broader market.
It would suit practical buyers looking for a turnkey home in a mature area without the premium of a brand-new build. It's particularly well-matched for those who prioritize indoor and outdoor space over features like a garage or pool. A thoughtful perspective is that this home represents a "middle ground" – it’s not the newest or largest on its street, but it consistently outperforms a majority of homes across the wider community and city in key metrics, suggesting a solid, foundational investment in a stable setting.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, the Elmhurst community, and all of Winnipeg. For example, ranking "in the top 27%" city-wide for lot size means 73% of Winnipeg lots are smaller. It's a quick way to gauge the home's relative standing.
2. The home is 37 years old. What should I consider?
While well-maintained, a home of this age may require updates to cosmetic finishes, windows, or major systems like the roof or HVAC in the coming years. Its ranking as newer than 74% of Winnipeg homes is positive, but a thorough inspection is advised.
3. There's no garage. Is that a major drawback?
This depends on your lifestyle. The large lot does offer potential for adding a garage or shed in the future. For buyers with one vehicle or who primarily use street parking, this trade-off may be acceptable for the gained living and yard space.
4. How does the assessed value relate to the asking price?
The municipal assessment of $532,000 is for tax purposes and reflects a mass appraisal from a prior date. It’s a useful data point showing the home is valued in the top 13% city-wide, but the market-based asking price will be determined by current conditions, recent upgrades, and seller motivation.
5. Who would this neighbourhood suit best?
Elmhurst is an established, family-oriented area. The rankings show this specific home outperforms 65% of its neighbours on the street for size, suggesting it offers more privacy and space than many nearby properties. It suits those seeking a quiet, residential setting with the convenience of mature amenities and schools.