Property Overview: 730 Oakdale Drive, Winnipeg
This two-storey home in Winnipeg’s Eric Coy neighbourhood presents a compelling opportunity defined by space, established charm, and strong value metrics. Built in 1967, its primary appeal lies in its generous 18,354 sqft lot—a rare find that places it in the top 2% of all Winnipeg properties for land size. The 1,953 sqft of living space is also well above average, ranking in the top 15% of the local community. With a finished basement and an attached garage, the home offers practical, flexible space.
Its value proposition is underscored by a current assessed value of $611,000, which ranks in the top 6% city-wide, suggesting significant equity growth since its last sale in 2017 for $357,000. The home suits buyers prioritizing outdoor space for gardening, recreation, or future expansion over a brand-new build. It’s ideal for those who appreciate an established, quiet street (ranking in the top 40% on Oakdale for lot size) and are willing to take on a home of vintage character that may require updates. The exceptional lot size offers a less obvious but major advantage: future potential, whether for a large workshop, pool, or simply unparalleled privacy in a city setting.
Frequently Asked Questions
1. What are the main advantages of this property?
The most significant advantages are the exceptionally large lot (over 18,000 sqft) and the above-average living space. The home also shows strong assessed value growth, and the finished basement adds usable square footage.
2. What should I consider about the home’s age?
Built in 1967, the home is likely to have classic character but may also require attention to aging components like the roof, windows, or mechanical systems. Its age ranks newer than only about 34% of homes in Eric Coy, so a thorough inspection is advisable.
3. How does the value compare to the area?
The property’s assessed value is in the top 8% for the Eric Coy community and top 6% for all of Winnipeg, indicating it is considered a high-value home for the area. The last sale price in 2017 was significantly lower, suggesting substantial appreciation.
4. Is the neighbourhood competitive?
The rankings show the home is very competitive in terms of lot and living space size. However, for newer homes, it ranks lower. This suggests it competes best with buyers seeking land and space over modern construction.
5. What is the potential here for the future?
The colossal lot is the key to future potential. It offers possibilities that are nearly impossible to find in newer subdivisions, from extensive landscaping and outdoor living spaces to the potential for additions or auxiliary buildings, subject to local zoning.