Property Overview & Key Characteristics
This 832 sqft condo unit at 19-405 Oakdale Drive in Winnipeg's Marlton neighbourhood is a classic, no-frills property built in 1977. Its primary appeal lies in its affordability and efficiency, underscored by a modest municipal assessment of $158,000. The unit ranks exceptionally well for its size within its immediate street and community, placing in the top 1% of its local area, which suggests it offers above-average value for the space in this specific location.
The property is a straightforward living solution: it has no basement, no garage, and no pool. This translates to very low maintenance responsibilities for the owner, with exterior and common area upkeep typically managed through condo fees. Its strongest suit is its remarkable positional ranking—it surpasses 100% of homes in both its community and all of Winnipeg for its lot area, indicating a potentially favorable unit placement within the building complex with less density than most comparables.
This condo would best suit first-time buyers, downsizers, or investors seeking an affordable, low-maintenance entry into the Winnipeg market. It’s for someone who prioritizes practical living and financial accessibility over luxury features, and who values the community feel of a well-established neighbourhood like Marlton. A less obvious perspective is that a home ranking this highly for its parcel size might offer better-than-average privacy, light, or greenspace access for a condo, which isn't always apparent from square footage alone.
Frequently Asked Questions
1. What do the "rankings" actually mean?
They are relative comparisons. For example, ranking in the "top 1%" for size on its street means that, of 173 comparable properties on Oakdale Drive, this unit's lot/unit size is larger than 172 of them. It's a measure of how it stacks up against immediate neighbours.
2. Why is the assessed value relatively low compared to the size ranking?
Municipal assessments are for taxation and don't always directly reflect market value. The low assessment here likely contributes to lower property taxes, which is a financial plus. The high ranking for lot area suggests the value may be in the unit's positioning within the complex rather than in high-end finishes or recent renovations.
3. What are the likely condo fees and what do they cover?
While the specific fees aren't listed here, for a building of this age (built in 1977) with no mentioned amenities like a pool or garage, fees would typically cover essentials like building insurance, common area maintenance, exterior upkeep, and a contribution to the reserve fund. Prospective buyers must obtain the condo corporation's financial documents for exact figures.
4. Is the building's age (49 years) a concern?
It indicates major components like roofing, windows, and plumbing may have been or will need to be updated. A well-managed condo corporation with a healthy reserve fund is crucial. The upside is that construction from this era often features more standardized layouts and solid building materials.
5. Who is responsible for repairs and maintenance inside the unit?
As a condo owner, you are typically responsible for everything within the interior walls of your unit (drywall inwards), including appliances, flooring, and any in-suite plumbing or electrical fixtures. The condo corporation is responsible for the building's structure, common areas, and exterior.