Property Overview: 1684 Loudoun Road, Winnipeg

Section 1: Key Characteristics & Appeal

This property is defined by its exceptional land size and modern construction. Situated on a 2.5-acre lot (109,002 sq ft), it offers a rare level of privacy and space within Winnipeg, ranking in the top tier of all city properties for land area. The single-storey home, built in 2004, provides 1,701 sq ft of living space and includes a finished main floor with an attached garage and an unfinished basement.

The primary appeal lies in its unique balance of a contemporary, low-maintenance home with the expansive possibilities of a large, blank-canvas lot. It suits two distinct types of buyers: those seeking a peaceful, rural-like setting with room for gardens, recreation, or future outbuildings, while still being within city limits; and forward-looking buyers who value the land itself as the principal asset, viewing the solid, modern house as a comfortable foundation with potential for expansion or customization. It’s a property for someone who prefers space over square footage, where the value is as much in what you can do outside as it is in the home itself.

Section 2: Frequently Asked Questions

1. What does an "unfinished basement" entail?
It means the basement space is in a rough-in state, with the necessary plumbing and electrical likely stubbed in, but without finished walls, floors, or ceilings. This represents both a project and an opportunity to customize additional living space to your exact needs.

2. How does the large lot impact maintenance and costs?
While offering great privacy, a 2.5-acre lot requires consideration for landscaping upkeep, snow clearing in winter, and potentially higher water usage for any gardens or lawns. It’s a trade-off that comes with the premium space.

3. The home's living area ranks lower than its land size. What does this mean?
This indicates the house itself is more modest in size compared to others in the area, but it is complemented by an exceptionally large property. The layout is efficient for a single-storey plan, ideal for those looking to avoid stairs.

4. Is the property in a flood zone or have any land use restrictions?
Prospective buyers must verify this with the city. A lot of this size may have specific zoning regulations regarding subdivision, allowable outbuildings, or environmental protections that should be thoroughly investigated.

5. Why is there a difference between the assessed value and the listing price?
The city assessment ($745,000) is for tax purposes and reflects a historical valuation. The listing price is set by the seller based on current market conditions, the property’s unique attributes, and perceived value, which for a rare, large lot can be significantly higher.