Property Overview: 1932 Loudoun Road, Winnipeg
Key Characteristics, Appeal & Target Buyer
This is a substantial, modern single-family home situated on an exceptionally large lot in Winnipeg's Wilkes South neighborhood. Built in 2007, the over 3,100 sqft bungalow offers spacious living on one level. Its most defining feature is the land: at approximately 2.5 acres (109,002 sqft), the property size is exceedingly rare within the city, ranking in the top tier of all Winnipeg homes. The property includes both attached and detached garage space. Recent market activity is confirmed by a sale in January 2025 at $1.6 million, significantly above its current assessed value.
The primary appeal lies in the unique combination of a contemporary, sizeable home with vast, private grounds rarely found in an urban setting. It suits buyers seeking ultimate privacy, space for extensive landscaping, recreational amenities, or potential future development (subject to zoning). It would equally fit multi-generational families or those who work from home and desire a peaceful, estate-like environment without leaving the city. A thoughtful perspective is the long-term value of the land itself; as large parcels become increasingly scarce, this asset offers a hedge against densification. The home's modern age and one-storey layout also cater to those planning for long-term, accessible living.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is present but currently unfinished. This provides the next owner with a blank canvas to add significant additional living space, storage, or recreational rooms to suit their needs.
2. What does the ranking data (e.g., "top 1%") actually mean?
The rankings compare this property against others on its street, in its community, and across all of Winnipeg for specific metrics. For example, being in the "top 1%" for living area in Winnipeg means 99% of homes in the city are smaller. This quantifies its standout features, like lot size and living space, in a clear market context.
3. Why was the recent sale price so much higher than the assessed value?
Assessed values are for municipal tax purposes and can lag behind rapid market shifts, especially for unique properties. The sale price reflects what a buyer recently paid in the open market, strongly indicating the premium buyers place on such a rare, large lot combined with a modern home.
4. What is the neighborhood (Wilkes South) like?
Wilkes South is a established, primarily residential community in Winnipeg. The area offers a mix of housing styles and sizes. This property's lot size is highly unusual for the area, offering a private retreat while still being part of a community.
5. Are there any major drawbacks to such a large lot?
Prospective buyers should consider the ongoing maintenance required for 2.5 acres, including landscaping, snow removal, and general upkeep, which will incur higher costs and/or require more equipment or contracted services than a standard city lot. Utility runs and fencing can also be more substantial projects.