1544 Loudoun Road

Property Overview & Key Characteristics

This property is defined by its exceptional land size and solid, functional family home. The primary appeal lies in its massive 60,210 sqft lot, placing it in the top 1% of all properties in Winnipeg for land area. This offers rare potential for privacy, expansion, gardening, or recreation. The house itself is a 1,769 sqft two-storey built in 1975, featuring a finished basement, providing ample living space. Its value proposition is straightforward: a comfortable, established home on a truly outstanding piece of land.

The home would best suit buyers who prioritize land over luxury finishes. It’s ideal for families or individuals seeking space to grow, for hobbyists or gardeners, or for those viewing the property as a long-term investment in land value. The less obvious perspective is that while the house ranks moderately within its immediate neighborhood, the lot size is a city-wide rarity, suggesting the property's future value may be less tied to neighborhood trends and more to its unique asset—the land itself.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in the Wilkes South community, and across all of Winnipeg. For example, being in the top 1% for land size in Winnipeg highlights its most exceptional feature, while the more average rankings for the house's age and size within the neighborhood give context to the setting.

2. Is the house outdated?
Built in 1975, the home is a well-established property. The presence of a finished basement adds usable living space. Buyers should be prepared for a home that may require updates to mechanical systems or interiors to align with modern preferences, which is typical for its age.

3. Why is there no garage?
The listing confirms no garage is present. This is a trade-off for the vast lot space and could be seen as either a drawback or an opportunity—the lot certainly has the space to add a garage or workshop, subject to permits and budget.

4. How does the assessment value relate to the asking price?
The municipal assessment is $527,000, a useful benchmark for property taxes. The eventual listing or sale price will be determined by the current market, which often places a significant premium on such a uniquely large lot, potentially exceeding the assessed value.

5. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size (over 1.3 acres) comes with considerations. Maintenance of the grounds will require more time or equipment. There may also be specific zoning bylaws regarding what can be built or how the land can be subdivided, which interested buyers should investigate.