Property Overview & Key Characteristics
This 1970-built, one-storey home on Oakdale Drive sits on a large, approximately 8,800 sqft lot in the Eric Coy neighbourhood. Its key appeal lies in the combination of a spacious, private yard and a practical, fully finished basement, offering more usable space than the 1,172 sqft main floor suggests. The home presents a solid, grounded opportunity: it ranks highly city-wide for lot size (top 9%) and assessed value (top 34%), indicating a desirable property scale and municipal valuation, while its interior metrics are more modest within its immediate area. This profile suits a buyer looking for outdoor space and expansion potential over a turn-key modern interior. It’s ideal for a first-time buyer or downsizer who values a quiet, established street and a large garden, and is prepared for the maintenance or updates typical of a home from the 1970s. The split garage adds functional storage or workshop space, rounding out its practical character.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 9% for lot size in Winnipeg confirms the yard is exceptionally large city-wide, while the interior size rankings are more average locally, helping set realistic expectations.
2. Is the finished basement included in the 1,172 sqft living area?
No. The 1,172 sqft refers to the above-ground living area of the one-storey layout. The fully finished basement provides additional rooms and living space, which is a significant functional bonus not reflected in that main floor square footage.
3. What are the likely considerations for a home built in 1970?
While offering solid construction and mature landscaping, buyers should budget for potential updates to major systems like roofing, windows, or the heating system, which may be nearing the end of their service life. The interior layout and finishes will also reflect the era.
4. How does the assessed value relate to the listing price?
The municipal assessment of $402,000 is for tax purposes and provides a benchmark. The listing price is set by the seller based on current market conditions. The fact that the assessment ranks higher than most Winnipeg homes suggests a strong underlying value for the property.
5. Who would this property not suit as well?
It may not suit buyers seeking a modern, open-concept layout without renovation work, or those who prefer a low-maintenance property with a smaller yard. The rankings indicate interior space is more typical for the area, so those needing extensive above-ground square footage might look elsewhere.