Property Summary: 512 Oakdale Drive, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home on a large, mature lot in the Eric Coy neighbourhood. Built in 1965, its primary appeal lies in its generous 10,497 sqft property—a significant and increasingly rare asset that places it in the top 5% of Winnipeg for lot size. The home itself offers 1,180 sqft of living space with a finished basement and an attached garage. While the house is of average size for the area, its standout feature is the expansive outdoor space, offering immense potential for gardening, recreation, or future expansion.
The property’s value is grounded in its land and location. It suits a practical buyer who prioritizes space and stability over a modern turn-key home. It would be ideal for someone seeking a long-term family home with room to grow, a DIY enthusiast looking to gradually update a solid structure, or an investor recognizing the inherent value of a large lot in a mature community. Its rankings suggest it’s a competitively priced property that offers more land than most, balancing a need for some updates with the appeal of established character and space.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 5% for lot size city-wide highlights the property's most distinctive feature, while other rankings show it is generally average or above-average for its immediate area in terms of living space and assessed value.
2. Is the large lot a benefit or a burden?
It's a significant benefit for privacy, outdoor activities, and future potential, but it also means more yard maintenance. For the right buyer, this is a major draw; for others, it could be a consideration in terms of time or cost for upkeep.
3. What should I expect from a 1965-built home?
While the finished basement adds living space, a home of this age will likely have original or older components (like windows, roof, or mechanical systems) that may need attention or updating. A thorough inspection is essential to understand the condition and any upcoming investments needed.
4. How does the assessed value relate to the listing price?
The municipal assessment of $386,000 is for tax purposes and is a historical snapshot. The listing price is set by the current market. The fact that the assessment ranks competitively in its area suggests the property is seen as good value by the city, but the final sale price will be determined by market demand.
5. Who is this neighbourhood (Eric Coy) best for?
Eric Coy is a mature, established community. It typically appeals to those seeking a quiet, residential setting with larger lots, good schools, and a sense of permanence, rather than the trendiest cafes or nightlife. It's well-suited for families and long-term residents.