1560 Loudoun Road

Property Overview

This is a unique, one-storey home built in 2003, situated on a remarkably large, half-acre lot (23,792 sqft) in Winnipeg's Wilkes South area. Its primary appeal lies in the exceptional size and rarity of its private land within the city, offering a blank canvas for gardening, recreation, or future expansion. The house itself is a modest 1,215 sqft bungalow with an unfinished basement and a detached garage. It ranks in the top 1% of Winnipeg for lot size but is more average in terms of living space and assessed value. This property suits a buyer whose priority is land over a large existing footprint—ideal for someone seeking privacy, space for hobbies, or a long-term project who is comfortable with a home that may require updates. It’s a trade-off: you're investing significantly in the potential of the land itself, with a functional house as a starting point.

Key Questions for Consideration

1. What does the lot's top 1% ranking really mean for me?
   It means you are getting a parcel of land that is exceptionally rare for Winnipeg, comparable to rural acreages but within city limits. This offers unparalleled privacy and space for a city property.

2. The home's living area ranks in the bottom half for the neighborhood. Is it too small?
   The floor plan is compact relative to the lot. It would suit a downsizer, a small household, or a buyer who envisions using the vast outdoor space as an extension of their living area.

3. Why is the assessed value ranking much higher than the living space ranking?
   The assessment reflects the tremendous value of the land itself. The tax valuation is driven more by the rare half-acre lot than by the size or finish level of the current dwelling.

4. What are the implications of having an unfinished basement?
   This provides excellent storage and future potential to add living space, which could help balance the home's modest main-floor square footage. However, it requires a budget and effort to develop.

5. Who is this property not for?
   It may not suit buyers seeking a move-in-ready home with ample finished space or those unwilling to manage a large yard. The value here is in the land's long-term potential, not in immediate luxury or size.