Property Overview: 769 Oakdale Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated 1971 bungalow sits on a generous 7,194 sqft lot in the Eric Coy neighbourhood. Its key features include a fully finished basement and a split garage. With 873 sqft of living space, it presents a manageable, single-level layout.
The primary appeal lies in its established location and the value offered by the large, private lot—a significant asset in the city. The home’s rankings reveal a nuanced position: while its living area is more compact, its lot size is notably above average for Winnipeg, placing it in the top 16% city-wide. This creates a unique proposition of ample outdoor space with a modest, efficient home to maintain.
It would suit first-time buyers seeking an entry point into a mature neighbourhood, downsizers looking for a bungalow without a sprawling interior, or value-focused buyers who prioritize land size and potential over a large or recently built house. The finished basement adds flexible space for recreation, a home office, or guest accommodation.
Section 2: Frequently Asked Questions
1. How does the home’s age impact a purchase decision?
Built in 1971, buyers should budget for updates consistent with a home of this era, such as windows, roof, or mechanical systems. A thorough inspection is advised, but the established neighbourhood and mature landscaping are direct benefits of an older property.
2. The living area seems smaller. How is the layout?
As a bungalow, the 873 sqft main floor likely contains core living spaces. The fully finished basement effectively doubles the usable space, making the overall footprint more practical than the main floor square footage alone suggests.
3. What do the ranking percentages actually mean?
They show how this property compares to others. For example, its lot size ranks higher than 84% of all Winnipeg homes, a major advantage. Conversely, its living area is more compact than most, confirming it’s a home where the lot is the standout feature.
4. Is the assessment price a reliable indicator of market value?
The municipal assessment ($362,000) is for tax purposes and can be a benchmark, but market value is determined by current sale prices of similar homes. It indicates the home is not in the premium price tier for the city, aligning with its profile as a value-oriented property.
5. What is the neighbourhood like?
Eric Coy is a long-established, quiet residential community in Winnipeg. The rankings show the home’s metrics are generally middle-of-the-pack within the immediate community, suggesting it fits right into a stable, average streetscape without standing out as an outlier.