Property Overview: 1778 Loudoun Road, Winnipeg
Key Characteristics & Appeal
This is a substantial two-storey family home built in 1996, situated on an exceptionally large, private lot of approximately 2.5 acres (109,002 sqft) in the Wilkes South neighborhood. With 2,165 sqft of living space, the home offers ample room and is ranked among the top 6% in Winnipeg for its size. Its most defining feature is the land itself—the property ranks in the top 0% for lot size city-wide, offering a rare degree of space and potential not commonly found within the city.
The appeal lies in this unique combination of a modern, comfortable home with a sprawling, blank-canvas yard. It suits buyers looking for long-term privacy, space for hobbies, gardening, or future expansion, without leaving the city. The existing unfinished basement presents a clear opportunity to add significant value and customize the living space to suit the new owner's needs. It’s an ideal fit for a family that values room to grow outdoors more than a downtown location, or for someone seeking a property where the land itself is the primary asset.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The property's lot size is in the top 0% for all of Winnipeg, meaning it is larger than 100% of compared properties. This is an extremely rare find for a standard residential listing within city limits.
2. The home is ranked newer than only 22% of Winnipeg houses. Is that a concern?
Built in 1996, the house is 30 years old. This ranking indicates many Winnipeg homes are older. It represents a mature property where major systems may be reaching a standard lifecycle point for review or update, which is factored into its current assessment.
3. How does the assessment value compare to the likely selling price?
The municipal assessment is $620,000, which places it in the top 6% for value in Winnipeg. However, assessments are for tax purposes and can differ from market value. The ultra-rare lot size is a key factor that the market may value significantly above the standard assessment formula.
4. Is the unfinished basement a drawback?
Not necessarily. While it requires investment to finish, it represents potential. For the right buyer, it’s an opportunity to add customized living space, a rental suite (subject to zoning), or specialized rooms exactly to their specifications, thereby increasing the home's total value.
5. What is the practical implication of such a large lot?
It offers unparalleled privacy and space for activities, gardens, or outbuildings (checking local bylaws is essential). The trade-off is a larger commitment to maintenance—lawn care, snow clearing, and general upkeep will be more significant in terms of time, equipment, or cost for hired services.