Property Overview
8 Hookway Crescent is a well-established, single-family home in Winnipeg's Elmhurst neighborhood. Built in 1989, this one-storey bungalow sits on a generous 6,113 sqft lot and offers 1,637 sqft of living space, including a finished basement. Key features include an attached garage and a layout that provides single-level living. The home’s appeal lies in its spacious lot, the practicality of a main-floor living plan, and its position in a mature community. Its competitive rankings, particularly for lot size and assessed value within Winnipeg, suggest a property that offers solid space and value relative to the broader market.
This home would suit first-time buyers looking for a move-in-ready property with room to grow, downsizers seeking the convenience of a bungalow without sacrificing yard space, or value-oriented buyers who prioritize land size and a finished basement over a newer build. It’s a grounded choice for those who appreciate established neighborhoods and a home that has been part of a community for decades.
Frequently Asked Questions
1. What is the significance of the property's rankings?
The rankings compare this home to others on its street, in Elmhurst, and across all of Winnipeg for metrics like size, age, and assessed value. For example, ranking in the top 28% city-wide for lot size means the property has a larger yard than most Winnipeg homes, which is a key advantage.
2. Is the finished basement included in the 1,637 sqft living area?
Typically, the main living area (1,637 sqft) refers to above-grade square footage. The finished basement is an additional bonus space, adding functional rooms without increasing the official living area figure.
3. What are the pros and cons of a 1989 build?
Homes from this era often benefit from modernized wiring and standards compared to much older stock, while avoiding some of the premium costs of a brand-new build. Buyers should still prioritize a thorough inspection, as core components like the roof or windows may be nearing the end of their service life.
4. Who might this property NOT suit?
It may not be ideal for buyers seeking a brand-new, low-maintenance home or those who prefer ultra-modern layouts and finishes. The rankings indicate the interior living space is more average-sized for the city, so those prioritizing vast interior square footage above all else might look elsewhere.
5. How does the assessed value compare to the asking price?
The municipal assessment of $522,000 provides a benchmark of the city's valuation for tax purposes, which is in the top 15% city-wide. It is a data point for buyers, but the market-based asking price is determined by the seller and current market conditions.