Property Overview: 738 Oakdale Drive, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1972 four-level split home sits on a large, approximately 9,101 sqft lot in the Eric Coy neighbourhood. Its key characteristic is space: it offers 1,260 sqft of living area plus a finished basement, providing ample room for a growing household or for hobbies and storage. The appeal lies in its balance of established community charm and relative value, underscored by its lot size ranking in the top 8% city-wide. It’s a property that prioritizes yard space and indoor volume over modern luxuries like a garage or pool.
The home would suit practical, value-oriented buyers looking for solid fundamentals—particularly those who desire a large outdoor space for children, gardening, or future expansion in a mature area. It’s also a potential match for buyers comfortable with the layout of a split-level and willing to update a home from the 1970s to their own taste over time. A less obvious perspective is its potential for buyers who appreciate statistical advantages; the lot size offers a tangible, lasting asset that significantly outranks most of the Winnipeg market, which can be a wise long-term hold even if the house itself requires gradual modernization.
Frequently Asked Questions
1. What are the pros and cons of a four-level split layout?
Pros include defined separation of living and sleeping areas, often with a cozy den or family room on its own level. Cons can involve more stairs to navigate daily and sometimes choppier room flow compared to open-concept designs.
2. The lot is large, but what is the neighbourhood like?
Eric Coy is a mature, established neighbourhood in Winnipeg. The property’s rankings show it has a larger-than-average lot for the area, offering more private outdoor space while being part of a long-standing community.
3. There’s no garage. How feasible is adding one?
Given the substantial lot size, there is likely physical space for a future garage or carport. Any addition would require checking current zoning bylaws, setback rules, and obtaining the necessary permits.
4. How does the assessment value relate to the asking price?
The municipal assessment is $351,000, a valuation for tax purposes. The asking price is set by the seller and reflects current market conditions, recent updates, and seller expectations, which may be above or below the assessed value.
5. What should I consider about a home built in 1972?
While offering solid construction, key points for a home of this age include the condition of major systems like roof, windows, plumbing, and electrical, which may be original or nearing the end of their service life. An inspection is crucial to identify any needed updates or repairs.