1525 Loudoun Road – Property Overview
Key Characteristics & Buyer Profile
This is a 2,902 sqft home built in 1987, set on a substantial 155,959 sqft lot in the Wilkes South area of Winnipeg. What stands out immediately is the land: it ranks in the top 1% city-wide for lot size, and top 7% on its own street. The living area is also generous—top 1% in the city and top 19% on Loudoun Road. The assessed value of $983,000 reflects the scale, ranking top 1% city-wide as well.
The appeal here isn't about a trendy, recent build. At 1987, the home is older than most on the street (where the average year built is 1998) and in the neighbourhood (average 1996). But city-wide, it's newer than three-quarters of homes. That puts it in an interesting middle ground: a property with plenty of space and land, without the premium or constraints of a brand-new house.
This would suit a buyer who values privacy, outdoor space, and square footage over turnkey aesthetics or the latest floor plan trends. Someone looking to renovate or customize a solid structure on rare land—without the competition and price of a newer luxury build. It could also appeal to those wanting a property with room for expansion, gardens, or outbuildings, or a family that needs significant indoor and outdoor space but doesn't need to be in a brand-new subdivision.
Five Frequently Asked Questions
1. How does the property compare to others on the street and in the neighbourhood?
On its street, this home ranks 13th out of 70 for living area (top 19%) and 5th out of 70 for land area (top 7%). In the broader Wilkes South neighbourhood, it ranks 58th for living area and 54th for land. So it's a standout lot even among larger properties, while the house itself is comfortably above average but not the largest.
2. The home was built in 1987—is that considered old for this area?
Yes, relative to the immediate street and neighbourhood. The average home on Loudoun Road was built in 1998, and in Wilkes South, 1996. So this property is about a decade older than its neighbours. However, city-wide, 1987 is newer than 75% of Winnipeg homes, which average 1966. The age may mean some systems are due for updates, but the structure is from a well-established era of construction.
3. What does the assessed value tell me about this property?
At $983,000, the assessed value is above the street average of $930,200 and slightly above the neighbourhood average of $968,900. City-wide, it ranks in the top 1% of all comparable homes. The assessment reflects the combination of a large house and an exceptionally large lot—not necessarily all the interior finishes. Buyers should verify whether recent renovations or upgrades have been made, as assessment data can lag behind improvements.
4. What kind of lot is this, and what are the practical implications?
The lot is nearly 156,000 sqft, which is about 3.6 acres. That's rare within city limits: only 472 out of nearly 200,000 properties city-wide have more land. On the street, it's the 5th largest out of 70. Practical implications include higher maintenance, potential zoning allowances for secondary structures or hobby farming, and property taxes based on land value. It's a lot for someone who wants space, not a low-maintenance yard.
5. How does this property rank for resale value compared to newer homes nearby?
Because it's older than many homes on the street, the resale value will depend more on the land and the condition of the house than on a modern floor plan. Land of this size in a desirable area tends to hold value well, even if the house itself is dated. The assessed value ranking (top 1% city-wide) suggests strong underlying value, but a buyer should consider the cost of any necessary updates when projecting future equity.