Property Overview: 1317 Loudoun Road, Winnipeg
Section 1: Key Characteristics & Appeal
This property is defined by its exceptional land size and modern construction. Situated on a nearly one-acre lot (42,775 sqft), it ranks in the top 1% of all Winnipeg properties for land area, offering a rare sense of space and privacy within the city. The home itself is a 2005-built, single-storey bungalow with 1,624 sqft of living space and a finished basement, presenting a practical and low-maintenance layout.
The primary appeal lies in its unique combination: a contemporary, move-in-ready home paired with a vast, blank-canvas yard. It suits two distinct types of buyers. First, those seeking a private, suburban-like retreat with ample room for gardens, recreation, or future additions like a workshop or pool. Second, it appeals to value-driven buyers looking for a modern home without a premium "new build" price, as the 2005 build date offers recent construction benefits while being past the initial depreciation phase. The high city-wide assessment ranking suggests solid underlying value, but the home's interior size is more modest relative to the land, indicating the true investment is in the property itself.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in the Wilkes South community, and across all of Winnipeg. For example, being in the top 1% for land area in Winnipeg highlights its most exceptional feature, while more average rankings in categories like living area provide context for the home's scale.
2. Is the large lot a benefit or a burden?
It's a significant benefit for privacy and potential use, but buyers should consider the ongoing responsibility. Maintenance (mowing, landscaping) will require more time or cost, and property taxes are influenced by the high assessed value, which is driven largely by the land.
3. The 2019 sale price was $485,000, but the current assessment is $702,000. Why the large difference?
The assessment reflects the municipal government's valuation for tax purposes, influenced by market trends and comparable sales. The 2019 sale price is a historical data point; the current market value would be determined by recent comparable sales and present market conditions.
4. Who is the typical buyer in this neighborhood?
Wilkes South features a mix of older and newer homes. With a 2005 build date, this property is newer than about 63% of homes in the community, likely appealing to families or downsizers looking for modern amenities in an established area.
5. What are the less obvious considerations with a bungalow of this age?
A 2005 home is past its initial warranty period but not yet at the age where major systems typically require replacement. A proactive inspection should focus on the first generation of updates (like original roofing or HVAC components) that may be nearing the end of their service life, ensuring there are no surprises.