648 Oakdale Drive

Property Overview: 648 Oakdale Drive, Winnipeg

Key Characteristics & Appeal

This is a distinctive, one-storey home on an exceptionally large, half-acre lot in the Eric Coy neighborhood. Its primary appeal lies in the rare combination of a very generous, private yard and a fully finished basement, offering significant space for living, hobbies, or storage. Built in 1944, the home presents a classic layout with modernized potential. The key draws are the land itself—ranking in the top 1% of Winnipeg for lot size—and the value of having a developed lower level already in place.

The property would best suit a buyer who prioritizes outdoor space and privacy over a new-build home. It’s ideal for someone with gardening or recreational projects, or a family seeking room for children and pets to play. The large lot also offers long-term potential for expansion or redevelopment, appealing to investors or those with future renovation plans. It’s a practical choice for buyers who want a grounded, established property where the value is firmly anchored in the land.

Frequently Asked Questions

1. What does the "fully finished basement" include?
The listing confirms the basement is finished, which typically means it has insulated walls, proper flooring, and a ceiling, creating livable space. Specifics on rooms, ceiling height, and amenities should be verified by a viewing or inspection.

2. Given the age of the home, what should I be aware of?
Built in 1944, major systems like plumbing, electrical, and the roof may have been updated over time. A thorough home inspection is highly recommended to assess the condition of these elements and identify any needed updates or maintenance specific to an older home.

3. How does the lot size compare to others?
At over 25,000 square feet, this lot is exceptionally large, ranking larger than 99% of properties in Winnipeg. It offers a level of outdoor privacy and space that is very uncommon within the city.

4. The home's assessed value is noted. What does this mean for the listing price?
The municipal assessment of $385,000 is for tax purposes and provides a benchmark. The final listing and sale price are determined by the current market, the property's condition, and buyer demand, and may differ from this assessed value.

5. What are the implications of the rankings for "newness" and "living area"?
The rankings show that while the lot is a top-tier asset, the home itself is older (ranking in the top 81% oldest in Winnipeg) and of average size for the area. This highlights the property’s profile: a premium lot with a classic, modest-sized home that may require updates or personalization.