Property Summary: 592 Oakdale Drive, Winnipeg
Key Characteristics & Appeal
This well-established 1983 bungalow sits on an exceptionally large, nearly 15,000 sqft lot in the Eric Coy neighbourhood. Its primary appeal lies in the rare combination of a spacious, private yard and a home that offers solid fundamentals: a fully finished basement, a split garage, and a practical single-storey layout with just over 1,000 sqft of living space. The property’s standout feature is its land, which is larger than 98% of all lots in Winnipeg, offering immense potential for gardening, recreation, or future expansion.
The home’s value is further underscored by its strong city-wide assessment ranking, placing in the top 29% by value. It suits buyers looking for a grounded, long-term family home where the land is the true asset, or those seeking a manageable bungalow with room to grow outdoors rather than upwards. It’s a property for a buyer who sees the yard as an additional “room” and values established neighbourhood character over a brand-new build.
Frequently Asked Questions
1. How does the home's age affect its condition?
Built in 1983, the home is well into its lifecycle. Major systems like the roof, furnace, and windows may be at or beyond their typical service life, so a thorough inspection is crucial to understand upcoming maintenance or replacement needs.
2. What does the lot size actually mean for me?
At nearly a third of an acre, this lot is a significant private oasis in the city. It offers privacy, space for large gardens, play areas, and parking, but also requires considerable upkeep for lawn care and landscaping.
3. The living space is modest relative to the lot. Is the house expandable?
The large lot does provide a clear opportunity for additions like an extension, sunroom, or large deck. Any expansion would be subject to local zoning bylaws and would require proper permits.
4. The rankings show mixed results for the neighbourhood. What's the community like?
While the home ranks moderately within its immediate community for size and value, it sits in a mature, stable area. The appeal here is less about top-tier rankings and more about established streets, larger lot sizes, and a sense of space not found in newer subdivisions.
5. Why is the assessment value a key point here?
With an assessment placing it in the top 29% city-wide, the property is viewed by the city as holding substantial value, primarily due to its land. This can be a double-edged sword: it reflects the asset's worth but also results in a correspondingly higher property tax bill than a home on a standard lot.