Property Overview: 1307 Loudoun Road, Winnipeg
Key Characteristics & Appeal
This is a distinctive, one-storey home built in 2003, situated on an exceptionally large, nearly one-acre lot (42,767 sqft) in the Wilkes South neighborhood. Its primary appeal lies in the rare combination of a modern, low-maintenance bungalow layout and a vast, private land parcel that offers tremendous potential. With 1,441 sqft of living space, an unfinished basement, and a detached garage, the property presents a solid, blank-canvas foundation.
The home’s standout feature is its land. Owning a lot of this size within the city is uncommon, providing privacy, space for gardens, recreation, or future expansion that is simply unavailable in typical suburban lots. The data underscores this rarity, showing the property’s land size ranks in the top 1% of all Winnipeg. It suits two primary types of buyers: those seeking a peaceful, spacious retreat with room to customize both the home and grounds over time, and practical visionaries who see the long-term value in a large urban lot. It’s a property for someone who values space and potential over immediate turn-key perfection.
Frequently Asked Questions
1. What does the "unfinished basement" entail?
It is a full basement with rough-in plumbing and electrical, awaiting drywall, flooring, and final touches. This represents both a project and an opportunity to add significant living space and value according to your own specifications.
2. The rankings show the house is newer than most in Winnipeg, but smaller than most on its street. How should I interpret this?
This highlights the property’s unique profile. You are getting a relatively modern home (top 19% by age in Winnipeg) on a street where many homes may be older but sit on similarly large lots. The smaller living area compared to neighbors emphasizes that the value proposition here is the land and the bungalow lifestyle, not the current square footage of the home itself.
3. Is the large lot a maintenance burden or an asset?
It can be both. The size requires more effort for lawn care and landscaping, which is a consideration. However, it is a major asset for privacy, outdoor activities, and future possibilities like adding a workshop, pool, or subdivision (subject to city bylaws). It offers a level of control and space that is increasingly rare.
4. Who is the typical buyer in this area?
Wilkes South attracts buyers looking for established neighborhoods with larger lot sizes, often including families and those who appreciate a quieter, more spacious setting while remaining within city limits. This property, with its bungalow design, could also appeal to those planning for single-level living in the future.
5. The assessment value is high relative to the home's size. Why?
Municipal assessments heavily factor in land value. The high assessment (top 6% in Winnipeg) reflects the premium value placed on the nearly one-acre lot itself, not just the 1,441 sqft house upon it. This indicates the fundamental worth the market places on land of this scale.