Property Overview: 3-405 Oakdale Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained, 676 sqft condo in the Marlton neighbourhood presents a highly affordable and practical entry point into the Winnipeg market. Built in 1977, its primary appeal lies in its financial accessibility and low-maintenance lifestyle. The recent sale in November 2024 for $158,000, above its assessed value, suggests a competitive and active interest in this type of property.
Its standout feature is its exceptional ranking within its immediate community and city-wide for value and price point, placing in the top 1% of its neighbourhood and top 3% city-wide. This indicates it offers one of the most cost-effective footprints in the area. However, it's a compact living space, ranking in the smaller tier of homes locally. This creates a clear profile: maximum efficiency and affordability in a no-fuss package.
This property would ideally suit first-time buyers seeking a financially manageable first home, investors looking for a stable rental unit with a proven value history, or downsizers who prioritize minimal upkeep and cost over space. Its appeal is grounded in practicality and financial logic rather than luxury or size.
Section 2: Frequently Asked Questions
1. What does the "top 1%" ranking actually mean?
It means that based on its assessed value and recent sale price, this unit is more affordable than 99% of other properties in its neighbourhood. It's a leader in cost-effectiveness, not in size or assessed value.
2. Is the condo fee included in the listed information?
The provided details do not include monthly condo fees. This is a critical piece of financial information for any condo purchase and must be obtained separately to understand the true monthly carrying cost.
3. The home is smaller and older—what are the less obvious upsides?
An older, smaller condo like this often comes with lower property taxes and potentially simpler, more affordable interior updates. Its established building history in a mature neighbourhood can also mean fewer surprises compared to brand-new constructions.
4. There's no garage or basement. How is storage handled?
The listing confirms no private garage or basement. Buyers should inquire about any allocated locker storage within the building complex and consider the practicalities of in-suite storage solutions for this smaller footprint.
5. The 2024 sale price is higher than the 2016 price and the current assessment. What does this indicate?
It demonstrates steady market appreciation over an 8-year period and suggests that current market demand is strong for well-priced, entry-level condos, even above the city's assessed value for taxation purposes.