831 Oakdale Drive

Property Summary: 831 Oakdale Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in the Eric Coy neighbourhood presents a practical and solid opportunity. Its key appeal lies in a combination of space, location, and value. The property sits on a generous, mature lot of nearly 7,500 sqft, offering ample outdoor space—a notable asset in the city. The home itself features over 1,000 sqft of living space with a finished basement, providing flexible room for a growing family, a home office, or recreation.

Its strength is grounded in its competitive positioning within the broader Winnipeg market. The home ranks in the top 14% of the city for lot size and recently sold for a price that surpasses 60% of all Winnipeg properties, indicating a perceived value that outperforms many others. It suits first-time buyers or young families looking for a move-in-ready home with room to grow outdoors without a premium price tag. It also appeals to value-conscious buyers who prioritize a large yard and a quiet, established neighbourhood over a newer build, appreciating the character and space that older lots often provide. A thoughtful perspective is that while the home’s interior size is modest relative to its large lot, this presents a classic “value-add” scenario for buyers who see potential in future expansions or landscaping projects.

Section 2: Frequently Asked Questions

1. How does the home’s age (built in 1970) affect its condition and value?
While 56 years old, the home’s recent sale price significantly exceeded its assessed value and ranks favourably in Winnipeg, suggesting it has been maintained or updated to meet modern market standards. A pre-purchase inspection is always recommended to understand the condition of major systems.

2. Is the finished basement included in the listed 1,014 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement is an additional bonus area, adding functional square footage not reflected in that main figure.

3. The home ranks lower within its own neighbourhood for living space. Is it too small?
It ranks in the top 89% for the Eric Coy community, meaning it has more space than 11% of area homes. This indicates it is on the more modest side for the immediate area but is compensated for by its very large lot. It’s a trade-off between indoor and outdoor space.

4. What does the “split garage” mean?
A split garage, or tandem garage, is typically a longer garage where one car parks behind the other, rather than side-by-side. It provides two-car parking but requires moving one vehicle to access the other.

5. The property ranks highly for lot size but lower for interior size. What does this mean for me?
This highlights the property’s core profile: you are primarily investing in the land and location. It’s ideal if you value a large, private yard for gardening, play, or entertaining. The home itself is a comfortable bungalow, with the potential to expand in the future if desired, making it a strategic long-term purchase.