Property Overview: 1299 Loudoun Road, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This property is defined by its substantial, nearly one-acre lot (43,556 sq ft), which is its most prominent feature, placing it in the top 1% of Winnipeg for land size. The house itself is a 1.5-storey character home built in 1940, offering 1,856 sq ft of living space. It features a detached garage and an unfinished basement. The appeal here is fundamentally about space and potential. The vast, private yard offers rare possibilities for gardening, recreation, or future expansion. The home presents a solid, well-sized canvas for buyers who value space over turn-key modernity.
Its rankings reveal a compelling contrast: while the house is among the older and more modestly assessed on its street, it sits on a piece of land that is exceptionally large for the city. This creates a unique value proposition suited for a specific buyer: someone with a vision for the long term who is comfortable with a home that may require updates. It’s ideal for a growing family seeking room to play and grow, a hobbyist or gardener craving outdoor space, or a buyer looking for a character home with the land to potentially add a suite or workshop in the future. The 2022 sale price suggests the market recognizes this land-value potential.
Frequently Asked Questions
1. What does the "unfinished basement" entail?
It is a raw space that provides ample storage or future development potential, but it will require full finishing (insulation, walls, flooring, etc.) to become livable space.
2. The home is noted as older. What should I consider?
Built in 1940, prospective buyers should budget for and prioritize inspections focused on aging core systems like plumbing, electrical, and the roof. This is typical for a home of this vintage and is key to understanding renovation priorities.
3. How does the large lot impact costs and regulations?
While offering great privacy, a lot of this size can mean higher maintenance (e.g., lawn care, snow clearing) and potentially higher property taxes relative to the house itself. Any future plans for structures (like a garage or shed) would need to comply with city zoning bylaws.
4. The assessment and recent sale price seem different. Why?
The municipal property assessment is for tax purposes and may not reflect current market value, which is influenced by factors like demand, condition, and the unique premium for such a large lot. The 2022 sale price is a concrete market data point.
5. What is the neighbourhood like?
Wilkes South is a mature, established community. The property's rankings indicate it is on a street with generally smaller lots and newer or more highly assessed homes, making this parcel a distinct and more private enclave within the area.