Property Overview & Key Characteristics
This property is defined by its exceptional land size and solid, family-ready structure. The primary appeal lies in its 108,847 sqft lot—a rare, expansive canvas in the city that offers immense privacy and potential for gardening, recreation, or future expansion. The house itself is a 1,800 sqft two-storey built in 1998, featuring an unfinished basement and an attached garage, presenting a well-maintained blank slate. Its value is further underscored by an assessed value that places it in the top tier city-wide.
The home suits buyers prioritizing land over lavish finishes. It’s ideal for a family seeking space to grow, a hobbyist or gardener craving room to cultivate, or a visionary buyer who sees potential in the unfinished spaces. The rankings indicate it offers more space and value than most Winnipeg homes, but may feel modest in finish compared to immediate neighbours. It’s a long-term play on land value and customization rather than a move-in-ready showcase.
Frequently Asked Questions
1. What does the lot size actually mean for a buyer?
Beyond privacy, it signifies very low density, minimal neighbour overlook, and significant annual property tax obligations due to the land value. It also means higher maintenance (like lawn care) but offers unique possibilities like adding a workshop, sport court, or extensive landscaping.
2. The basement is unfinished. What should I consider?
This is both a cost and an opportunity. You’ll need to budget for its development, but you gain the ability to design the space to your exact needs (e.g., a rental suite, home theatre, or gym) without needing to undo someone else’s work.
3. The home ranks lower within its own street for size and value. Why?
This suggests the immediate neighbourhood may have larger or more updated homes. This property offers exceptional land, but the house itself might be more modest in scale or finish compared to others on Loudoun Road, which could affect resale dynamics.
4. Is the 1998 build year a positive?
Yes, it generally means modern construction standards (like 2x6 framing and efficient wiring) are in place, without the immediate major system replacements (roof, furnace) that often come with older homes. It’s in a prime period for being trouble-free but may soon need aesthetic updates.
5. Who benefits most from the high city-wide rankings?
Buyers moving from denser urban areas or smaller lots will perceive the space and value most dramatically. For local buyers, the key comparison is the street and community rankings, which provide a more nuanced picture of the property’s standing in its immediate market.