Property Overview: 59 Capulet Crescent, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Buchanan is defined by its generous lot and recent updates. Built in 1973, it sits on a 7,007 sqft property—a lot size that is above average for both the neighbourhood and the city, offering ample outdoor space. The home itself features a renovated basement and a detached garage. With 1,262 sqft of living area, it provides more interior space than most comparable homes on its street and in the immediate area.
The primary appeal lies in its established setting and land value. The property’s assessed value ranks in the top tier for its street, suggesting it is a standout holding in a mature crescent. Its last sale in late 2020 at $420k was notably above the local averages at that time, indicating strong perceived value. This home would suit buyers looking for a solid, no-fuss bungalow layout with a large yard in a quiet neighbourhood. It’s particularly fitting for those who value space over flash, appreciate the potential of a renovated basement, and are seeking a property with metrics that perform well against its direct peers.
Frequently Asked Questions
Q: How does the lot size compare to other properties?
A: The lot is a key feature. At just over 7,000 sqft, it is larger than the average lot in Buchanan and across Winnipeg, placing it in the top 19% and 17% respectively for those areas.
Q: The home was built in 1973. What should I consider?
A: While the basement has been renovated, a home of this age will have original major systems, like roofing, plumbing, and electrical. A thorough inspection is recommended to understand the condition and timeline for any future updates.
Q: The assessed value seems high for the street. Is that good?
A: The assessment ranks in the top 3% on Capulet Crescent. This typically reflects the property’s desirable attributes (like lot size and renovations) compared to its neighbours, but it’s also a factor in determining your annual property taxes.
Q: Is the living space sufficient for a growing family?
A: At 1,262 sqft plus a renovated basement, the home offers functional space. Its living area is above average for the street and neighbourhood, but it is a classic one-storey layout. Families should consider if the bedroom and common area configuration meets their long-term needs.
Q: What does the sale history tell us?
A: The property sold for $420k in December 2020, a price well above area averages at the time. This suggests buyers have consistently placed a premium on this specific home, likely due to its lot and condition. It’s wise to research current market conditions to see if this trend has continued.