Property Overview & Appeal
43 Capulet Crescent is a modest, one-storey home built in 1973, situated on a 5,000 sqft lot in Winnipeg's Buchanan neighbourhood. Its key characteristic is its renovated basement, adding valuable finished space to the 988 sqft main living area. The home has no garage or pool.
The primary appeal lies in its efficient scale and recent basement update, offering a move-in-ready foundation without the premium of a larger, more modern property. Its lot size is below average for the immediate street but is a manageable size for low-maintenance outdoor space. The home suits first-time buyers seeking an affordable entry into the market, downsizers looking for a single-level layout with a modernized lower level, or practical investors interested in a property with recent improvements and a stable assessment history. A thoughtful perspective is that while its living space is compact city-wide, it is quite typical for the Buchanan area, suggesting it fits comfortably within the neighbourhood's character and price point.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed value is around the neighbourhood average but is below the average for its specific street, potentially indicating a value position relative to its immediate neighbours.
2. What does the sale history tell us?
It last sold in February 2022 for $34,600, which was an above-average price for both the street and neighbourhood at that time, showing strong market interest in recent years.
3. Is the lot size a disadvantage?
While the 5,000 sqft lot is smaller than many on Capulet Crescent, it is near the city-wide average. This translates to less yard maintenance than larger plots, which can be a practical benefit.
4. Who might find the living space too small?
The 988 sqft main floor area is below the Winnipeg average. Buyers with a need for multiple bedrooms or dedicated home offices on the main floor may find the layout compact, though the renovated basement provides additional flexible space.
5. Are there similar homes for comparison?
The listing references 11 Capulet Crescent and 622 Hamilton Avenue as nearby comparables, both built the same year with similar assessments, helping to gauge the local market for homes of this vintage and scale.