Property Overview: 530 Oakdale Drive, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Winnipeg's Eric Coy neighbourhood, built in 1945. Its primary appeal lies in its exceptionally large, private lot of over 21,700 sqft—a rare find that places it in the top 1% of properties by land size in the city. The home itself is modest at 888 sqft of living space and features a finished basement and a detached garage.
The property suits two main types of buyers. First, it's ideal for those seeking long-term value in land and privacy over a modern or spacious house, perfect for someone with renovation or expansion plans. Second, it appeals to buyers wanting an established, quiet neighbourhood with room for gardens, recreation, or simply ample outdoor space. A thoughtful perspective is that while the home's age and size rank lower compared to newer builds, the irreplaceable lot offers a unique canvas and represents the majority of the property's value and potential.
Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, its land size ranks in the top 1% city-wide, while the home's age and living area are more typical of older neighbourhoods.
2. Is the house in move-in condition?
The listing notes a finished basement, but as a 1945 build, buyers should budget for updates to mechanical systems, windows, or insulation to improve comfort and efficiency, which is common for homes of this era.
3. What are the possibilities for the large lot?
Beyond gardening and privacy, the lot could potentially allow for future additions like a workshop, substantial shed, or even a secondary dwelling (subject to municipal zoning and permit approvals). It's a key asset for future flexibility.
4. How does the assessment value relate to the asking price?
The city's assessed value for tax purposes is $380,000. Market price is determined by current buyer demand and the unique attributes of the property, notably the large lot, so the sale price may differ from this assessment.
5. What should I consider about a home from 1945?
While offering classic charm and a proven structure, it's wise to have thorough inspections for foundation integrity, outdated wiring or plumbing, and energy efficiency. The upside is the opportunity to customize renovations over time on a premier lot.