Property Overview: 14 Clouston Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 14 Clouston Drive is a compact, single-story property in the Meadows neighbourhood, built in 1984. Its key characteristic is its modest scale: with 690 sqft of living space and a 3,599 sqft lot, it is notably smaller than most homes in both the immediate area and the wider city. This is reflected in its assessed value of $30,200, which is below average for its street and neighbourhood, but aligns more closely with the average when compared city-wide.
The primary appeal lies in its efficiency and affordability. It represents a genuine entry point into homeownership, with correspondingly lower property taxes. It would suit a first-time buyer, an investor looking for a rental property, or someone seeking to downsize into a manageable, low-maintenance home. A less obvious perspective is its potential as a strategic purchase in a neighbourhood of larger homes; it offers the location benefits of the Meadows community without the upkeep of a bigger house. The data also shows it is one of the newer homes on its street, which may suggest updated core systems compared to immediate neighbours.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average sold price?
Assessed value for tax purposes is not the same as market value. This home’s assessed value is low due to its significantly smaller size and modest footprint compared to the typical Winnipeg home. Recent sold prices in the area provide a better gauge of its market value.
2. How does the smaller living area impact daily living?
The 690 sqft layout requires efficient use of space and is best for individuals, couples, or those comfortable with a cozy footprint. It may not suit those needing multiple dedicated rooms, significant storage, or who regularly entertain large groups indoors.
3. What are the advantages of a smaller lot?
The 3,599 sqft lot means less yard maintenance, lower water costs for landscaping, and less time spent on outdoor chores. It’s a practical feature for those who prefer a low-maintenance lifestyle or who do not prioritize extensive private outdoor space.
4. The home sold recently in 2023. What does that price indicate?
The reported sale in the $300k-$350k range suggests the market price is substantially higher than the municipal assessed value. This recent transaction provides a concrete, modern benchmark for what buyers were willing to pay, offering more insight than the tax assessment alone.
5. Is this a good investment property?
Its lower entry price and compact size could make it a candidate for a rental investment, potentially offering a reasonable yield. However, its specific appeal may be to a narrower tenant market (e.g., singles, students, or young couples) compared to larger units, which should be factored into any investment analysis.