Property Summary: 1567 Loudoun Road, Winnipeg
Key Characteristics & Appeal
This is a distinctive property defined by its exceptionally large, private lot of over 131,000 sq ft (approximately 3 acres) in the Wilkes South neighborhood. The 2,352 sq ft, two-storey home, built in 1958, offers a spacious and functional layout with a finished basement. Its primary appeal lies in the rare opportunity for extensive outdoor space, privacy, and potential within city limits, far surpassing typical residential parcels.
The home would best suit a buyer who values land and possibility over turn-key modern finishes. It’s ideal for someone seeking a private retreat, garden, or hobby farm, or a visionary buyer interested in the long-term potential of the sizable lot. The rankings highlight its unique position: while the house itself is older and the assessed value is modest for its size, it sits on a lot that is larger than 100% of compared properties in Winnipeg, offering a unique value proposition centered on the land itself.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Wilkes South, and across all of Winnipeg. Key takeaways: the lot size is exceptionally rare (top 0% city-wide), the living space is generous (top 4%), but the home’s age is above average (older than 65% of homes).
2. Is the land subdividable?
This is a critical question given the lot size. Prospective buyers must consult directly with the City of Winnipeg’s Planning Department to investigate subdivision potential, zoning bylaws, and any associated costs or restrictions.
3. What is the condition of the home given its age?
Built in 1958, buyers should budget for and prioritize a thorough inspection. While the basement is finished, the overall condition of major systems (roof, plumbing, electrical, foundation) and the potential for needed updates should be carefully evaluated.
4. Why is there no garage?
The absence of a garage is a notable consideration for vehicle storage and workshop space. Buyers would need to factor in the cost and feasibility of adding a garage or other outbuildings, subject to local regulations.
5. How does the assessed value relate to the asking price?
The city’s assessed value for taxation purposes is $666,000. It is common for the market price to differ from this assessment. Buyers should research recent sales of comparable properties with large lots to understand current market value.