Property Overview: 8-407 Oakdale Drive, Winnipeg
Key Characteristics & Appeal
This is a compact, 884 sqft home built in 1977, located in Winnipeg's Marlton neighbourhood. Its primary appeal lies in its position as a highly accessible entry point into the housing market, with a current assessed value of $168,000. The property's standout feature is its exceptional location ranking; it places in the top 1% of its street and the top 0% of both its community and all of Winnipeg for its lot size, suggesting a desirable and potentially premium plot within its area.
The home would suit first-time buyers or investors seeking a straightforward, lower-maintenance property without a basement. Its modest size and age indicate it could be a candidate for cosmetic updates or held as a long-term asset in a well-ranked location. A thoughtful perspective is that while the home itself is smaller and older than many in the city, the strong land ranking hints that its underlying value may be tied more to its location than its current structure, offering potential for the right buyer.
Frequently Asked Questions
1. What does the "top 0%" location ranking actually mean?
It means this specific property's lot size is larger than 100% of comparable lots in its community and across Winnipeg, according to the provided data. This suggests it has one of the most generous plot sizes in its immediate area.
2. Is the assessed value the sale price?
No. The assessed value of $168,000 is for municipal tax purposes. The sale price will be determined by the market. The last known sale was in June 2017 for $133,000.
3. What are the implications of having "no basement"?
This means all living space is on the main levels. It can simplify maintenance and reduce flood risk but also limits storage and potential for a developed rec room or rental suite.
4. The home ranks lower for size and newerness. Should I be concerned?
These rankings confirm it's a smaller, older home in the broader market context. This is reflected in its accessible price point. The trade-off is the highly ranked location, which is a key factor to weigh based on your priorities.
5. Who is responsible for exterior and ground maintenance?
As this is listed with a unit number (8-407), it is likely a condominium or similar strata title. This typically means exterior maintenance, landscaping, and roof repairs are managed by a condo corporation, funded through monthly fees. Prospective buyers must review the condo documents for details.