691 Oakdale Drive

Property Summary: 691 Oakdale Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained one-storey home in Eric Coy sits on a notably large, mature lot of over 8,700 sqft, offering ample outdoor space—a rarity compared to many modern properties. Built in 1970, the 1,096 sqft home features a finished basement and a split garage, providing practical living and storage solutions. Its appeal lies in a balance of space, established neighborhood character, and solid value. The property ranks highly city-wide for lot size (top 9%), indicating a premium outdoor asset, while its assessment and recent sale history suggest a stable, established market value.

This home would best suit buyers looking for a manageable single-level layout, perhaps downsizers or first-time buyers who prioritize a large, private yard over a larger interior footprint. It’s a practical choice for someone valuing outdoor room for gardening, play, or future expansion, within a mature community. A thoughtful perspective is that while the interior size is modest relative to the lot, the property offers a "blank canvas" potential where the land itself is a long-term asset, possibly appreciating independently of the home.

Section 2: Frequently Asked Questions

1. What does the lot size ranking actually mean?
The property’s lot is larger than 91% of all residential lots in Winnipeg, making it a standout feature for privacy, outdoor activities, or future landscaping projects.

2. Is the finished basement included in the 1,096 sqft living area?
No, the 1,096 sqft refers to the above-ground living space. The finished basement provides additional usable rooms, separate from that figure.

3. How does the 2019 sale price relate to the current assessed value?
The home sold for $325,000 in 2019 and is now assessed at $361,000. This indicates market growth over the period, but the final sale price will be determined by current market conditions.

4. What are the implications of the home’s age (56 years)?
While the home is well-established, potential buyers should factor in the age of major systems like roof, plumbing, and heating during their inspection. The mature neighborhood and large lot are often positive trade-offs for an older structure.

5. The home ranks lower within its own community for living area and assessed value. Why?
This suggests the immediate neighborhood may have a mix of larger, more recently built, or higher-value homes. This property offers an entry point into the area, with its primary competitive advantage being its exceptionally large lot.