Property Summary: 7 Oakdale Drive, Ridgedale, Winnipeg
Key Characteristics & Appeal
This is a distinctive, one-storey home on an exceptionally large, nearly 26,000 sqft lot in Ridgedale. Its primary appeal lies in the rare combination of generous land, a private in-ground pool, and a fully finished basement, offering significant space for recreation, expansion, or outdoor living. The property's standout feature is its land size, which ranks in the top 1% of all properties in Winnipeg, providing unparalleled privacy and potential within the city.
The home itself, built in 1956, offers solid living space that is above average for its immediate area. While the structure is older, the value proposition is heavily weighted toward the land and lifestyle amenities. It would perfectly suit buyers who prioritize expansive outdoor space for family activities, gardening, or future projects over a modern or recently built home. It also appeals to those seeking a established, quiet neighbourhood with a property that offers both a pool for immediate enjoyment and a blank-canvas lot with long-term possibilities.
A less obvious perspective is the home's "fixed-cost" advantage. Its mature state means major systems are likely well-understood, and the substantial lot represents a permanent asset that cannot be replicated in newer subdivisions, offering a form of value that is less susceptible to trends than interior finishes.
Frequently Asked Questions
1. What does the age of the home (70 years) mean for maintenance?
Prospective buyers should budget for and expect updates to major aging systems, such as plumbing, electrical, or the roof. A thorough inspection is essential to understand the condition and prioritize any necessary investments.
2. How usable is the large lot throughout the year?
While the pool is seasonal, the vast lot offers year-round potential. It provides ample space for winter activities, future additions like a workshop or garage, or simply the preserved feeling of space and privacy in all seasons.
3. Are property taxes higher due to the large lot and pool?
The assessed value of $565,000, which factors in the land size and improvements like the pool, is the basis for property tax calculations. Taxes will be correspondingly higher than for a standard lot, so buyers should factor this into their ongoing costs.
4. What is the neighbourhood character of Ridgedale?
Ridgedale is an established, mature neighbourhood. The wide variation in home ages and styles on the street rankings suggests a diverse, non-uniform community, which can be appealing for those seeking individuality over a master-planned aesthetic.
5. Is the finished basement included in the listed living area?
No. The 2,005 sqft living area refers to the above-ground footprint. The fully finished basement provides additional, valuable living space that is not reflected in that official square footage figure.