725 Oakdale Drive

Property Overview: 725 Oakdale Drive, Winnipeg

Key Characteristics & Appeal

This 1970-built, single-story home sits on a large, approximately 7,858 sqft lot in the Eric Coy neighbourhood. With 1,526 sqft of living space and a finished basement, it offers practical, single-level living. The property's standout appeal lies in its combination of generous indoor and outdoor space, a relative rarity for its era. Its competitive rankings are notable: it places in the top 12% of all Winnipeg properties for lot size and the top 26% for living area, meaning it offers more space than most comparable listings. However, it ranks average or below for its age and assessed value within its immediate community, suggesting a home that is well-established rather than recently updated.

This home would suit first-time buyers or downsizers seeking a manageable layout without sacrificing yard space, or value-oriented buyers who see potential in a solid, spacious property on a large lot and are comfortable with a home from the 1970s. Its appeal is grounded in space and practicality over modern luxury.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 12% for lot size city-wide confirms the yard is exceptionally large. Meanwhile, its middle-of-the-pack rankings for age and value in the neighbourhood suggest it's a typical, fairly priced home for the area.

2. Is the lack of a garage a significant drawback?
This depends on your needs. While many buyers prefer a garage, the very large lot presents a potential opportunity. There may be space and municipal permission to add a garage or a substantial shed in the future, which could add value.

3. What should I consider with a 1970s-built home?
While systems and structure can be sound, you should budget for updates that align with the home's age. Key items to inspect include the roof, windows, original plumbing, and electrical wiring to understand any impending investments.

4. The basement is finished, but what is its condition?
"Finished" can range from modern living space to a basic, functional rec room. It’s important to see the basement to assess the quality of the finish, ceiling height, and to check for any signs of moisture, which is a key consideration in older homes.

5. How does the assessed value relate to the likely selling price?
The municipal assessment of $384,000 is for tax purposes and is often different from market value. The final sale price will be determined by current market conditions, the home's specific condition, and buyer demand for its unique combination of large lot and living space.