546 Oakdale Drive

Property Overview: 546 Oakdale Drive

Key Characteristics & Appeal

This is a well-established, single-storey home on an exceptionally large, half-acre lot in Winnipeg's Eric Coy neighborhood. Built in 1958, the 2,255 sqft residence offers spacious living with a finished basement and a detached garage. Its standout feature is the land itself—at over 21,700 sqft, the property size ranks in the top 1% city-wide, offering rare privacy and potential for gardening, expansion, or recreation. While the home's age is reflected in its vintage ranking, its generous living space surpasses 95% of Winnipeg homes.

The appeal lies in a unique combination of established community living and expansive outdoor space rarely found within the city. It suits buyers looking for a "blank canvas" property where the land is the primary asset—ideal for those with long-term renovation or landscaping visions, multi-generational families desiring room to grow, or anyone seeking a serene, park-like setting without leaving the city limits. It represents an opportunity to own a substantial piece of land, with the existing home providing a solid foundation to update and personalize.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 1% for lot size city-wide highlights its most exceptional feature, while the rankings for age provide context on the home's vintage relative to the area.

2. Is the large lot a maintenance burden or an opportunity?
It can be both. The lot offers unparalleled space for gardens, play, or future projects like a workshop or addition. Prospective buyers should realistically assess the ongoing upkeep (lawn care, landscaping) or potential costs to develop the space to suit their needs.

3. What are the implications of a home built in 1958?
While the home offers proven, spacious layout, it may require updates to mechanical systems (like plumbing or electrical), insulation, or windows to meet modern efficiency standards. A thorough inspection is essential to understand the condition and any needed investments.

4. Who might this property not suit?
It may not be ideal for buyers seeking a modern, turn-key home with no projects, or those who prefer a low-maintenance yard. The scale of the lot and the age of the home are best matched with a buyer willing to embrace some level of ongoing stewardship or improvement.

5. How does the assessed value relate to the listing price?
The city's assessed value for taxation purposes is one data point, often based on past market data. The listing price is determined by the current market, the property's unique attributes (like its massive lot), and seller discretion. It's common for a special feature property to have a market value that differs from its official assessment.