582 Oakdale Drive

Property Summary: 582 Oakdale Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic, well-situated one-storey home built in 1957, offering a rare combination of a very large, private lot and a functional, updated living space. Its primary appeal lies in its exceptional land size of over 21,300 square feet—a standout feature that places it in the top 1% of all properties in Winnipeg for lot dimensions. The home itself is modest at 970 sqft and features a finished basement and a detached garage.

The property suits two main types of buyers. First, it's ideal for those seeking long-term privacy and outdoor space for gardens, recreation, or future expansion, valuing the land itself as much as the house. Second, it fits buyers looking for an established, single-level home in a mature neighbourhood, who are comfortable with a home whose character and value are significantly defined by its generous, park-like yard rather than its interior square footage. A thoughtful perspective is that while the house ranks average or below locally for size and age, the extraordinary lot offers a unique canvas that is increasingly difficult to find, representing a different kind of value that isn't reflected in interior rankings alone.

Section 2: Frequently Asked Questions

1. What does the "top 1%" ranking for the lot actually mean?
It means this property's land size of 21,311 sqft is larger than 99% of all residential lots in Winnipeg, offering an unusually high degree of privacy and outdoor potential compared to typical city lots.

2. The house is older and smaller than many in the area. Where is the value?
The value is strategically balanced. You are investing significantly in a premium, irreplaceable land asset in an established neighbourhood. The house provides livable, updated basics, with the lot offering future potential for enjoyment, gardening, or even expansion.

3. Is the finished basement included in the 970 sqft living area?
No. The 970 sqft refers to the above-ground living space of the one-storey main floor. The finished basement provides additional, separate living area.

4. How does the 2021 sale price compare to the current assessment?
The home sold for $380,000 in late 2021. The current city assessment is $384,000, indicating a stable and aligned market valuation over that period.

5. The rankings show the house is newer than only 11% of homes on its street. Is this a concern?
This highlights the mature nature of the street, where most homes are from a similar era. It underscores that this purchase is for a classic neighbourhood character and land, not a modern build. The condition and updates of the home itself are more important than its build year in this context.