Property Overview
562 Cloutier Drive is a spacious, well-established single-family home in Winnipeg. Built in 1990, it offers 2,600 sqft of living space on a large, approximately half-acre lot (21,773 sqft), with an attached garage and an unfinished basement. The home last sold in March 2024 for $800,000.
Key Characteristics & Appeal
This property’s primary appeal lies in its generous scale and land size relative to the broader Winnipeg market. While its living space and assessed value are fairly typical for the immediate Cloutier Drive area, they place it within the top 2% city-wide, offering a substantial amount of house for the money compared to the average Winnipeg home. The lot is particularly noteworthy, ranking in the elite top 1% city-wide for land area, providing significant outdoor space and privacy that is increasingly rare.
The home is not a renovated showcase; its unfinished basement and "not renovated" status indicate it's a solid, honest property waiting for personalization. This makes it a compelling canvas for buyers who value space and location over move-in-ready finishes. It would suit a growing family seeking room to expand, a buyer looking for a long-term project to tailor to their tastes, or someone who prioritizes a large, private yard over a recently updated interior. Its strong city-wide rankings suggest it offers a level of value and space that is difficult to find without moving significantly further out.
Frequently Asked Questions
1. How does this home compare to others on the same street?
It is very much in line with its neighbours. Its living area, assessed value, and year built all rank as "around average" within the 43 properties on Cloutier Drive. Its lot size is slightly below the street's average but remains substantial.
2. Why is the assessed value so much lower than the recent sale price?
The assessed value of $85,400 is for municipal tax purposes and is based on a provincial formula, not current market conditions. The recent sale price of $800,000 is a far more accurate reflection of the home's present market value.
3. What does the "Elite" city-wide ranking mean for a buyer?
It highlights the property's standout features in the context of the entire city. While it's a typical home for its desirable street, you are acquiring a lot size and living space that are exceptionally large compared to the vast majority of Winnipeg properties, which often come on much smaller lots.
4. Is the unfinished basement a drawback?
Not necessarily. For many buyers, an unfinished basement is an opportunity. It represents significant potential for additional living space, a rental suite, or specialized rooms (like a home gym or workshop) without the premium cost of a professionally finished area. It allows you to customize it to your exact needs.
5. What type of neighbourhood is Cloutier Drive in?
The consistent metrics with nearby streets (Betsworth, Whyte Ridge) and the uniformly high property values suggest a stable, established neighbourhood with well-maintained homes. The large lot sizes and similar home ages point to a mature, suburban-style area.