1374 Loudoun Road – Property Summary

Key Characteristics & Buyer Profile

This property sits on an exceptionally large lot. At 61,001 square feet, it ranks in the top 1% city-wide for land area in Winnipeg, far exceeding the citywide average of 6,570 square feet. However, within its own street and neighbourhood (Wilkes South), the lot is actually below average—most nearby properties sit on roughly 96,000 to 137,000 square feet. So while the land is generous by almost any standard, this is not the largest parcel in the immediate area.

The assessed value tells a similar story: $402,000 is well below the street and neighbourhood averages (around $930,000–$969,000) but near the citywide average of $390,000 for comparable homes. This suggests the home itself is modest relative to its neighbours, and the value is carried more by the land than the structure. The year built is not provided in the data, but living area and rankings are also absent.

Who this would suit: A buyer looking for a large, private lot in a suburban or semi-rural setting—possibly with plans to renovate, rebuild, or subdivide (subject to zoning). It may not appeal to someone seeking a move-in-ready home in a high-value pocket. It could also work for someone priced out of the immediate neighbourhood who still wants to be in the area, since the purchase price is likely far lower than neighbouring homes.

Five Possible FAQs

1. Why is the assessed value so much lower than other homes on the same street?
The property’s value—$402,000—is roughly $528,000 below the street average. This is typical for a lot where the structure is older, smaller, or in less updated condition than surrounding homes. The land itself remains valuable, but the overall assessment reflects the combination of house and land.

2. Can I build or subdivide on this lot?
The lot is 61,001 sqft, which is large by city standards but slightly smaller than many neighbours. Whether subdivision is possible depends on current zoning, minimum lot sizes, and servicing (water, sewer). You would need to check with the City of Winnipeg planning department.

3. How does the land size compare to typical Winnipeg properties?
Most homes in Winnipeg sit on lots averaging 6,570 sqft. At 61,001 sqft, this property is roughly nine times larger than the typical city lot. It’s in the top 1% city-wide for land area.

4. What does “Top 1%” mean for the ranking?
This means the property’s land area is larger than 99% of all comparable properties across Winnipeg. The ranking is based on citywide data of 194,458 properties, and this lot comes in at #1,068.

5. What is “Wilkes South” like as a neighbourhood?
Wilkes South is a relatively affluent area with large lots—average land is over 136,000 sqft neighbourhood-wide. Homes here tend to be newer (average year built 1996) and assessments are well above city averages. This property is an entry point into that area, but it’s not representative of the typical home there.