1363 Loudoun Road

1363 Loudoun Road – Property Summary

Key Characteristics & Buyer Profile

This is a 2013-built home with 3,362 square feet of living space on a 41,333-square-foot lot. Its assessed value is $1.38M. The property ranks in the top 1% citywide for living area, assessed value, and land size, meaning it is significantly larger and more valuable than the typical Winnipeg home (where the average living area is 1,342 sqft and the average assessed value is $390k). However, within its immediate street and neighbourhood (Wilkes South), the picture is different: the lot is smaller than most in the area (the street average is 96,533 sqft, and the neighbourhood average is 136,915 sqft), and the home’s size and value, while still above average locally, are less exceptional relative to the surrounding large-acreage properties.

Where its appeal lies: The property offers a rare combination: a relatively modern, large home on a sizable city lot that is still much smaller than the multi-acre estates typical of Wilkes South. This makes it a middle ground—less land to maintain than many neighbours, but far more space than most city properties. The 2013 build year also places it among the newer homes on the street and in the area.

Who it would suit: Buyers who want a large, contemporary home with a generous yard in an established neighbourhood of large lots, but who do not require or want a multi-acre estate. It may appeal to someone downsizing from a larger rural property within the same area, or to a family moving up from a smaller city home who values newer construction and a significant but manageable lot.

Five Possible FAQs

1. Why is the lot ranked low on the street but elite citywide?
The street and neighbourhood (Wilkes South) are dominated by very large, multi-acre lots, with averages over 96,000 and 136,000 sqft respectively. This lot’s 41,333 sqft is spacious by any normal city standard (it ranks in the top 1% citywide), but it is relatively modest for this specific area.

2. What does “assessed value” mean for a buyer?
The assessed value of $1.38M is the city’s estimate of market value for property tax purposes. It is not a list price or an appraisal. The fact that it ranks in the top 1% citywide means it is among the highest-valued homes in Winnipeg, reflective of its size, age, and location.

3. Is the home actually larger than its neighbours?
On the street and in the neighbourhood, it is above average—but not dramatically so. The living area of 3,362 sqft is about 1,000 sqft larger than the street average and roughly 960 sqft larger than the neighbourhood average. The standout figures are when compared citywide, where the average home is only 1,342 sqft.

4. Does the smaller-than-average lot mean less privacy or yard space?
Not necessarily. The lot is still over 41,000 sqft—nearly an acre. It is only “small” relative to immediate neighbours whose lots are often over two acres. For most buyers, this is a large, private yard, but you will have closer neighbours than some other properties on the street.

5. Is a 2013 build considered “new” for this area?
Yes. The average year built on the street is 1998, and in the neighbourhood it is 1996. Citywide, the average is 1966. This home is newer than roughly 87% of homes on its street and 91% of homes in Canada overall (based on the citywide ranking—top 9% for year built). It avoids many of the maintenance issues common in older Winnipeg homes.