Property Summary: 1393 Loudoun Road, Winnipeg
Key Characteristics & Appeal
This is a unique, one-storey home on an exceptionally large, 2-acre lot in the Wilkes South neighborhood. Built in 1950, the 1,004 sqft house presents a significant renovation or redevelopment opportunity, as its interior condition and systems would require thorough inspection. Its core appeal lies almost entirely in the land—a massive, private parcel that is exceedingly rare within Winnipeg city limits. The property ranks in the top 0% of all Winnipeg homes for lot size, offering unparalleled potential for gardening, recreation, or future building.
The home suits a specific type of buyer: those with vision, a flexible timeline, and the capital for a major renovation or rebuild. It is ideal for someone seeking a private, country-like setting within the city, willing to invest in creating a custom home. A less obvious perspective is its potential for multi-generational living, where the existing structure could be updated for one family while leaving ample space for a future secondary dwelling. It is not suited for buyers seeking a move-in-ready home.
Frequently Asked Questions
1. Is the house livable in its current state?
Given its age and the data suggesting the interior finishes rank low compared to other homes, a professional inspection is essential. Buyers should budget for significant updates to mechanical systems, insulation, and likely a full interior renovation.
2. What can be done with such a large lot?
The possibilities are a major draw. Beyond extensive gardening and outdoor living space, the lot size may allow for additions, a workshop, or even a secondary dwelling (subject to City of Winnipeg zoning and permitting).
3. Why is the assessed value relatively high compared to its street ranking?
The $492,000 assessment primarily reflects the tremendous value of the land itself. The rankings show that while the house structure is among the oldest and smallest in the area, the land parcel is among the largest in the entire city, which is a key factor in its valuation.
4. What are the annual property taxes?
Property taxes are calculated based on the assessed value and the municipal mill rate. With an assessment of $492,000, prospective buyers should estimate and budget for taxes accordingly, recognizing they are paying for a premium piece of land.
5. Are there any restrictions on redevelopment?
This is a critical question. Buyers must consult with the City of Winnipeg to understand all zoning bylaws, heritage considerations (given the home's age), and any easements or restrictions that apply to the property before purchasing with redevelopment plans.