668 Oakdale Drive

Property Overview: 668 Oakdale Drive, Winnipeg

This well-established bi-level home sits on an exceptionally large, half-acre lot in the Eric Coy neighborhood. Built in 1961, it offers 1,378 sqft of living space with a finished basement and a detached garage. Its standout feature is the expansive 21,751 sqft property, which ranks in the top 1% for lot size across Winnipeg. While the home itself is of average size for the area, its true value lies in the land and potential. The 2017 sale price was $260,000, with a current assessed value of $372,000.

Section 1: Key Characteristics & Appeal

• Key Features: The defining characteristic is the massive, flat lot—over half an acre—which is exceedingly rare within the city. The home is a classic bi-level with a finished basement, providing functional living space. It includes a detached garage and sits in a mature, established neighborhood.
• Primary Appeal: The appeal is dual-faceted. First, it offers unparalleled outdoor space for gardening, recreation, or family activities right in the city. Second, the property presents a significant value-add opportunity. The large lot is ideal for buyers with vision, whether for extensive landscaping, adding outbuildings (subject to bylaws), or future expansion. It suits those who prioritize land over a large, modern house.
• Ideal Buyer: This property is perfect for a hands-on buyer, a growing family craving space, or an investor/developer looking for a lot with potential. It would suit someone comfortable with a home from the 1960s who sees the land itself as the primary asset and is possibly planning renovations or additions down the line. It's less suited for those seeking a turnkey, modern property without any projects.

Section 2: Frequently Asked Questions

1. What can I do with such a large lot?
   Beyond gardening and play space, a lot of this size may allow for additions like a large workshop, shed, or even a future secondary dwelling (like a garden suite), subject to Winnipeg zoning bylaws and permits. It offers rare flexibility within city limits.

2. Is the house in need of major updates?
   As a home built in 1961, buyers should budget for updates consistent with its age. While the basement is finished, the main living areas and systems (like plumbing, electrical, and heating) may require modernization to meet contemporary standards and efficiency.

3. How does the assessed value compare to the likely selling price?
   The assessed value ($372,000) is for municipal tax purposes. In a competitive market, the sale price is often influenced more by buyer demand for unique features—in this case, the massive lot. The price may reflect the land's potential value as much as the current state of the house.

4. What is the neighborhood like?
   Eric Coy is a mature, established community. The property's rankings show it has a larger lot and house than most neighbors, offering more privacy. It appeals to those seeking a settled, quiet area rather than a brand-new subdivision.

5. Why is the lot size so significant?
   A half-acre lot inside Winnipeg is a rarity. It provides a level of privacy, space, and long-term flexibility that is almost impossible to find in newer developments. This unique attribute is the property's main competitive advantage and the key driver of its value and appeal.