Property Overview
This two-storey home on Loudoun Road presents a unique proposition, centered on its exceptional land size. Sitting on nearly 4.7 acres (204,951 sqft), the property ranks in the top tier for lot size across Winnipeg. Built in 1995, it offers 2,545 sqft of living space with a finished basement and an attached garage. Its appeal lies in the rare opportunity for substantial space and privacy within the city, suited for buyers who prioritize land over a brand-new build. It would perfectly suit someone looking for a project—whether that's establishing extensive gardens, keeping animals, or simply enjoying vast private grounds. The house itself offers generous room sizes, but the true value is the canvas of land that comes with it.
Key Considerations & FAQs
1. What does the lot size actually allow for?
With nearly 5 acres, the possibilities extend beyond a large yard. It's a size that could accommodate hobby farming, multiple outbuildings (subject to bylaws), or simply provide an unparalleled level of privacy and quiet rarely found in the city.
2. The home's rankings are mixed. What does that mean?
The data shows a clear story: this property excels in space (land and living area) but is average or below in relative age and assessed value for its immediate area. This suggests you are investing primarily in the land asset, with a solid but not recently updated home.
3. Is the 1995 build date a concern?
While not a new build, a 1995 home is likely past any major initial settlement issues but may be approaching the age where original components (roof, major appliances, windows) could need evaluation or planned replacement.
4. What is the neighbourhood like?
Wilkes South is a mature community. The property's high land ranking within the neighbourhood indicates it is one of the largest lots in the area, offering more seclusion than its neighbours.
5. How should I interpret the assessment value?
The municipal assessment of $862,000 is for tax purposes and reflects the city's valuation formula. It can be a benchmark, but the market value is ultimately determined by what a buyer is willing to pay for this unique combination of a very large lot and a sizable home.