Property Overview
This is a well-sized, 1,079 sqft condo unit located at 102-916 Cloutier Drive in Winnipeg. Built in 1975, it stands out on its street for having one of the largest living areas in the area, ranking in the top 1% among 82 comparable homes on Cloutier Drive. Its assessed value is consistent with the street average. The unit last sold in June 2023.
Its primary appeal lies in offering above-average space within a competitively priced condo complex. It would suit a practical buyer—perhaps a first-time homeowner, downsizer, or investor—who prioritizes interior square footage over a newer build date. It’s a value-oriented choice for someone seeking room to breathe without a detached home's price or maintenance.
Key Considerations & FAQs
1. What are the monthly condo fees, and what do they include?
This information is not provided in the current listing. Prospective buyers must obtain the condo corporation’s financial statements, bylaws, and fee schedule to understand monthly costs and what amenities or services (e.g., exterior maintenance, snow removal, reserve fund) they cover.
2. Is the unit recently renovated, or would it require updates?
Given the building's 1975 construction, the condition is a key question. While the space is generous, the interior may need modernization. An inspection is crucial to assess the state of in-suite systems like plumbing and electrical, and to check for any signs of water ingress common in older buildings.
3. How does the low assessed value compare to the expected sale price?
The assessed value is $18.7k, but it last sold for $21.2k in 2023. This highlights that municipal assessed value is for taxation purposes and is typically much lower than market value. The sale price from last year is a more relevant benchmark for current value.
4. What is the building's reserve fund status?
For a building of this age, the health of the condo corporation's reserve fund is critical. A well-funded reserve indicates the corporation is planning for major future repairs (like roofing, paving, or balcony repairs), which helps avoid special assessments.
5. What is the makeup of the immediate complex?
With several units sharing the same address (e.g., 101, 103, 104-916 Cloutier Drive), this is a multi-building complex. It’s worth investigating the density, noise levels, parking situation, and whether the unit faces a quiet or busy area within the development.