Property Overview: 30 Capulet Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 30 Capulet Crescent in Buchanan presents a compelling opportunity defined by its land and recent, premium sale. Its primary appeal lies in the exceptionally large, 10,917 sqft lot, which places it in the top 6% for size on its street and the top 2% within the desirable Buchanan neighbourhood. This generous outdoor space is a rare find and offers significant potential for gardening, recreation, or future expansion. The home itself is a manageable 1,050 sqft with a renovated basement, a detached garage, and the added benefit of a pool. Built in 1984, it is notably newer than most comparable homes in the area.
The property’s recent sale price of $50,100k significantly exceeded both its assessed value and neighbourhood averages, indicating a premium was paid for its specific attributes. This suggests buyers value the combination of a large lot in a mature neighbourhood with updated living spaces. It would best suit a buyer looking for a established community with room to breathe, who values outdoor space over a large interior footprint, and who appreciates a home with recent renovations and unique amenities like a pool. It’s a property for someone investing in the long-term value of land in a well-regarded area.
Section 2: Frequently Asked Questions
1. Why did this home sell for so much above its assessed value?
The sale price reflects market demand for specific, desirable features that aren't fully captured in a mass assessment formula. The premium is likely for the combination of the very large lot, the renovated basement, and the pool in a neighbourhood where such a package is rare.
2. Is the living space too small for the lot size?
At 1,050 sqft, the home is average for the immediate area but modest relative to its large lot. This could be seen as a positive, offering a balance of cozy, updated interiors with expansive outdoor potential, or as a project for future expansion.
3. What does the "Elite" or "Top X%" ranking mean for the lot size?
These rankings compare the property directly to similar homes. For lot size, it ranks 14th out of 840 in Buchanan, meaning only 13 properties in the entire neighbourhood have more land. This quantifies its rarity and is a key driver of its value.
4. How does the 1984 build year compare?
Built in 1984, this home is newer than over 90% of comparable properties in Buchanan and is the newest on its street. This suggests potentially fewer immediate concerns with major aging components compared to much older neighbourhood homes.
5. What is the context of the nearby comparison properties listed?
Properties like 11 Capulet Crescent and 622 Hamilton Avenue are provided as benchmarks. They have similar assessed values but are older (1973), with less living area and no mention of renovations or a pool, helping to illustrate what the market standard is and what premium features 30 Capulet Crescent offers.