1370 Loudoun Road – Property Summary

Key Characteristics & Buyer Profile

This 1977-built home on Loudoun Road offers 2,205 square feet of living space on a substantial 80,390-square-foot lot. The property stands out most for its land holding—it ranks in the top 1% citywide for lot size in Winnipeg, which is unusual for a home with a fairly standard living area. The assessed value sits at $628,000, which is below average for its street and neighbourhood but well above the citywide average. That gap reflects the area: Loudoun Road and Wilkes South tend to have newer, larger, and higher-value homes overall, so this property offers a more modest entry point in a higher-end pocket.

The appeal here is not about having the biggest house or the most modern finishes. It’s about land. For someone who values outdoor space, privacy, or the potential to expand, subdivide, or simply have room to breathe within city limits, this is a rare find. The home itself is older—built 21 years before the average on its street—which means it may need updating, but the bones are there in a location where comparable properties are valued significantly higher.

This property would suit a buyer who prioritizes lot size over move-in-ready condition, someone comfortable with a renovation or willing to wait for long-term land value appreciation. It’s less suited for someone seeking a turnkey home in a newer subdivision, or a buyer focused on keeping utility costs and maintenance low. It could also appeal to an investor eyeing development potential, depending on zoning.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in the area?
The $628,000 assessed value is below the street average of $930,200 and the neighbourhood average of $968,900. That places it in the bottom 20% locally. However, citywide it ranks in the top 6%, which reflects how much higher property values are in Wilkes South compared to much of Winnipeg.

2. Is the land size unusually large for this neighbourhood?
Yes—but mostly in a citywide context. The lot is 80,390 square feet, which is below the neighbourhood average of about 137,000 square feet. So it’s not especially large for Wilkes South. But compared to the citywide average of 6,570 square feet, it’s in the top 1%. So within the immediate area, it’s on the smaller side; against the rest of Winnipeg, it’s enormous.

3. What would a buyer need to know about the home’s age?
The home was built in 1977, making it one of the older homes on the street—ranked 61st out of 70. That means systems like the roof, furnace, windows, and plumbing may be original or near end-of-life. A pre-purchase inspection is strongly advised. That said, older homes in this area often sit on larger lots, so the trade-off is space for age.

4. Does the living area offer room for a growing family?
At 2,205 square feet, it’s slightly below the street and neighbourhood averages (around 2,300 square feet), but well above the citywide average of 1,342 square feet. It’s a comfortable size for a family, though not oversized. The value here is more about the total property package than square footage alone.

5. Is there potential to subdivide or develop the lot?
The land is large, but this depends entirely on current zoning and municipal regulations for Wilkes South. The data shown does not include zoning information, so buyers should check with the City of Winnipeg directly. Given the lot size relative to the neighbourhood, a variance or lot-splitting may be possible, but it’s not guaranteed.