2021 Loudoun Road

Property Overview

This 1997 two-storey home in Winnipeg's Wilkes South neighbourhood is defined by its exceptional land size and solid, spacious footprint. Sitting on just over half an acre (220,328 sqft), the property ranks in the top 1% of its street and surpasses 100% of all Winnipeg homes for lot size, offering a rare degree of privacy and space in the city. The 2,114 sqft living area is well above average, placing it in the top 7% citywide. Its appeal lies in this unique combination: a substantial, modern-enough family home on a truly expansive, blank-canvas lot. The unfinished basement and lack of a pool present opportunities for customization.

It would perfectly suit buyers prioritizing outdoor space over a brand-new build—families wanting room for play, gardens, or future additions, or those seeking a peaceful, estate-like setting without leaving the city. It's a property for someone who sees value in land and potential, rather than a turn-key, fully renovated product.

Key Questions for Consideration

1. What are the annual property taxes? Given the high assessed value ($778,000), which ranks in the top 2% in Winnipeg, the property tax bill will be significant and is a key factor in the annual carrying cost.
2. What is the zoning, and what are the possibilities for the land? With over half an acre, understanding if the lot could be subdivided (subject to city approval), or what types of outbuildings (like a large workshop or garage) are permitted, is crucial for buyers with long-term plans.
3. Why is the basement still unfinished after nearly 30 years? This could indicate the sellers simply never needed the space, but it's worth investigating for any underlying moisture or drainage issues that may have discouraged finishing it.
4. How does the home's systems and major components condition compare to its age? Built in 1997, the roof, windows, HVAC, and major appliances are likely at or beyond their typical lifespan. A pre-purchase inspection is highly advised to budget for upcoming updates.
5. What is the neighbourhood character, and how does this large lot fit in? The home ranks as newer than only 20% on its street, suggesting an older, established area. The sheer size of this lot may be an anomaly, so it's wise to observe the surrounding homes and land use to gauge future development trends.