550 Oakdale Drive

Property Overview

This one-storey home in Winnipeg's Eric Coy neighbourhood presents a distinct opportunity centered on its generous, half-acre lot. Built in 1959, the 1,242 sqft house features a partial basement and a detached garage. Its primary appeal lies not in the home's finishes—the basement is unfinished and the structure reflects its era—but in the exceptional scale and potential of its 21,733 sqft property. The lot size ranks in the top 1% city-wide, offering rare space for expansion, gardening, or recreation that is increasingly hard to find. It suits a buyer with a vision, whether that's a long-term family home with room to grow, a hands-on individual looking to customize or renovate over time, or someone who simply values immense private outdoor space over a modern, turn-key interior. The property's value is grounded in its land, making it a practical canvas rather than a showcase home.

Key Questions & Considerations

1. What does the "unfinished basement" entail?
   It's essential to clarify the condition and access. Is it a full-height basement suitable for future development, or a more basic crawl space? Understanding its state is key for assessing storage, utility, or future expansion potential.

2. How does the age of the home (1959) affect major systems?
   Prospective buyers should prioritize inspections of the roof, foundation, plumbing, and electrical systems. The build year suggests these core components may be at or beyond their typical lifespan, influencing renovation budgets and timelines.

3. What are the zoning bylaws for this large lot?
   The half-acre lot's true potential may be unlocked by its zoning. Inquiries should be made about the possibility of additions, outbuildings, or even future subdivision, subject to municipal regulations.

4. Why is the assessed value a useful benchmark here?
   With a city assessment of $395,000, this figure provides a grounded, government-derived baseline for the property's taxable value, which can be a helpful reference point in a market where renovated homes often sell significantly above assessment.

5. Is the detached garage a standard two-car size?
   The listing specifies a "split garage," which typically means a two-car structure with separate doors. Confirming its dimensions and condition is important for vehicle storage, workshop space, or project planning.