Property Overview: 2022 Loudoun Road, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1999, sits on an exceptionally rare and expansive lot of over 109,000 square feet in the Wilkes South neighbourhood. Its primary appeal lies in this extraordinary landholding, which places it in the top tier of properties in all of Winnipeg for lot size. The house itself offers nearly 2,000 square feet of living space, a finished basement, and an attached garage, providing comfortable and practical family accommodation.
The property is ideally suited for buyers whose priority is long-term land value and privacy within the city. It’s a compelling option for those looking for a spacious family home with immense potential—whether for extensive gardening, recreational space, or future expansion. The lot also presents a unique opportunity for multi-generational living or as a strategic hold in a city where land of this scale is increasingly uncommon. A thoughtful perspective is that while the home’s assessed value ranks highly city-wide, its recent sales history suggests it may represent a relative value opportunity within its elite land category, appealing to value-conscious buyers seeking a standout asset.
Frequently Asked Questions
1. What makes this property’s lot so significant?
At just over 2.5 acres (109,002 sqft), the lot size is in the top 0% of all residential properties in Winnipeg, offering a level of space and privacy that is exceptionally rare within city limits.
2. Is the home updated or in original condition?
The listing notes a finished basement but does not specify recent upgrades. Given the home’s age (built in 1999), buyers should anticipate potential updates to interior finishes, systems, or appliances to align with modern preferences.
3. How does the property’s value compare to its neighbours?
The home’s assessed value ranks higher than 95% of Winnipeg homes, but only higher than 19% on its own street. This indicates the house itself may be valued in line with or below others on Loudoun Road, while the immense lot is the primary driver of its overall high assessment.
4. What is the neighbourhood like?
Located in Wilkes South, it offers a established community setting. The property’s rankings show it surpasses 62% of community homes in size but only 43% in newness, suggesting a mix of older and newer homes on substantial lots.
5. Has the property increased in value?
Based on the last recorded sale in 2017 for $495,000 and the current assessment of $654,000, the property has seen appreciable growth in assessed value over that period.