Property Overview
This 1973 three-level split at 58 Capulet Crescent presents a practical opportunity in Winnipeg's Buchanan neighbourhood. Its key appeal lies in its generous 8,148 sqft lot, which is significantly larger than most in the area and city, offering ample outdoor space. The home itself features a renovated basement and a detached garage. With a modest 1,076 sqft of living space, it prioritizes yard size over interior square footage. The property’s assessed value is notably below the street average, which may indicate potential value for a buyer willing to invest in updates.
It would suit a first-time buyer or practical investor looking for a land-rich property in a mature neighbourhood. It's also a fit for those who value private outdoor space for gardening, pets, or future expansion over a large, modern interior. The home requires a vision for its interior, appealing to someone who sees the lot as the primary asset and the house as a functional canvas.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish quality. This is a key detail to clarify with the seller or agent to understand if it’s a cosmetic update or a full legal suite, and to assess its condition.
2. How does the below-average assessed value affect property taxes?
A lower assessed value typically results in lower municipal property taxes, which is a financial positive. However, it may also reflect the home's current condition or market perception relative to its neighbours, which is important to consider in your offer price.
3. Is the large lot usable, or does it have odd dimensions or challenges?
While the lot size is a major asset, it's wise to verify its shape, topography, and any easements or rights-of-way. A very large lot in a mature area could also mean higher maintenance or landscaping costs.
4. The home last sold in 2017. What might have changed since then?
Given the seven-year period since the last sale, inquire about any updates, systems replacements (like roof, furnace), or issues that have arisen. This history can help gauge the level of immediate investment needed.
5. How does the 3-level split layout function for daily living?
Three-level splits often have short flights of stairs between living, sleeping, and basement areas. Consider if this segmented layout suits your lifestyle, especially for mobility or with young children, compared to a more open two-storey design.