63 Capulet Crescent

Property Overview: 63 Capulet Crescent, Winnipeg

Key Characteristics & Appeal

This is a well-situated, one-storey home in Buchanan, built in 1973. Its primary strength is the land: the lot is over 6,300 square feet, placing it above the city-wide average and offering ample outdoor space. The home itself is modest in size at 816 square feet of living area, which is below average for the area, suggesting a cozy, efficient layout. A key updated feature is the renovated basement, adding valuable finished space. The property includes a detached garage.

The appeal here is grounded in opportunity. It suits a buyer looking for a solid footprint in a mature neighbourhood without the premium of a large house. The generous lot is a blank canvas for gardening, expansion, or simply enjoying private outdoor space—a feature increasingly valued. It would be an excellent fit for a first-time buyer, a downsizer seeking single-level living, or an investor looking for a property with land value and renovation potential. The assessed value is steady and in line with area averages, indicating a stable, established streetscape.

Frequently Asked Questions

1. Is the living space too small?
At 816 sqft, the main floor is compact. However, the renovated basement significantly expands the usable living area, making the overall footprint more practical for daily life.

2. How does the lot size compare to others?
The 6,316 sqft lot is a standout feature. It ranks above average city-wide and is larger than many properties in Winnipeg, offering more privacy and yard space than you might typically find.

3. What does the "around average" assessed value mean?
The $320k assessment is typical for similar homes on the street, in Buchanan, and across Winnipeg. This suggests the property is priced consistently with the market, not over- or under-valued based on official metrics.

4. What are the implications of a detached garage?
A detached garage offers flexibility—it can be used as a workshop or studio separate from the house. The trade-off is navigating between your vehicle and home in winter weather.

5. The home sold for much less in 2020. Should I be concerned?
The 2020 sale price of $28.6k is not for the full property; it likely represents a nominal transaction (such as a title transfer between family members) and does not reflect the market value of the home and land. The current assessed value is the relevant figure.