Property Summary: 824 Oakdale Drive
Key Characteristics & Appeal
This well-established 1971 bungalow sits on a generous, mature lot of over 8,700 sqft in the Eric Coy neighbourhood. Its key features include a fully finished basement and a split garage. With 1,158 sqft of living space, the home presents a practical, single-level layout.
The appeal here is grounded in space, value, and stability. The large lot is a significant asset, offering ample outdoor potential that is increasingly rare. The home’s competitive edge is highlighted by its city-wide rankings; it outperforms 91% of Winnipeg properties on lot size and sits in the top third for assessed and recent sale value, suggesting a solid investment in a desirable setting. Its recent resale in 2023 also indicates a stable, modern market valuation.
This property would suit first-time buyers seeking a manageable bungalow with room to grow outdoors, or value-focused buyers looking for a land-strong asset in a mature community without a premium price tag. It’s a home for those who see potential in established neighbourhoods and prioritize lot size over a brand-new build.
Potential Buyer FAQs
1. What does the ranking data actually mean?
The rankings compare this home to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the "top 9%" for lot size city-wide means very few properties offer a larger lot, which is a standout feature.
2. Is the 2023 sale a red flag for a quick resale?
Not necessarily. A resale within a year can happen for many personal reasons (job change, family situation). The key takeaway is that it resold at a price very close to its current assessed value, confirming its market worth.
3. What are the implications of a 55-year-old home?
You benefit from a mature landscape and established neighbourhood character. Be prepared for a focused inspection, as some original components (like roofing, windows, or the furnace) may be at or beyond their typical lifespan and require attention or updating.
4. How usable is a split garage?
A split garage (typically two separate single doors) offers flexibility, such as isolating a workshop space or storing a vehicle separately from lawn equipment. However, it may not accommodate larger modern trucks or SUVs as easily as a wider double door.
5. Does a finished basement add legal living space?
Not automatically. While finished for comfortable use, it may not be a legal secondary suite. It’s important to clarify the basement’s compliance with local codes if you plan to use it for rental income or a separate living area.