7-409 Oakdale Drive

Property Overview

This 676 sqft home, built in 1977 and located in Winnipeg's Marlton area, presents a straightforward, entry-level opportunity. Its core appeal lies in its affordability and stability, with a current assessed value matching its 2022 sale price of $150,000. The home ranks exceptionally well for its lot size within the immediate street, neighborhood, and city, suggesting a desirable parcel of land relative to its class. However, its smaller living space and older vintage place it in a more competitive segment of the market. This property would suit a first-time buyer, an investor looking for a stable rental, or someone seeking a minimalist footprint without a large financial commitment. A thoughtful perspective is that while the home itself is modest, its top-tier land ranking could represent long-term value in redevelopment or simply the benefit of more personal outdoor space than is typical for the price point.

Key Details & FAQs

• What are the specific rankings based on? The rankings compare this property to others on the same street, in the Marlton community, and across all of Winnipeg. For example, ranking in the "top 1%" for lot size means 99% of homes on Oakdale Drive have a smaller land area.
• Is there a basement or garage? According to the listed details, this property has no basement and no garage. Storage and parking will need to be considered.
• How has the value changed recently? It sold for $113,000 in January 2020 and then for $150,000 in March 2022, where the assessed value remains. This indicates a significant increase over two years, followed by a period of price stability.
• The home is noted as older and smaller. Is that a concern? The 49-year-old building age and 676 sqft size mean maintenance and efficient use of space will be priorities. It ranks in the lower tiers for size and age compared to many area homes, so updates may be needed, but this is reflected in the accessible price.
• What does the "lot size" ranking actually mean for me? While the exact land area isn't stated, its top-tier ranking suggests the lot is proportionally larger than most comparable properties. This could mean more yard space, better privacy, or future potential, which is a notable advantage for a home of this size and price.