737 Oakdale Drive

Property Summary: 737 Oakdale Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Winnipeg offers a practical and comfortable living space on a generous, mature lot. Its key characteristics include a fully finished basement, a split garage, and nearly 8,000 square feet of land. Built in 1971, the home presents a solid opportunity for buyers seeking a established property with room to grow.

The primary appeal lies in its balance of space, location, and value. The large lot is a significant asset, providing ample outdoor space for gardening, recreation, or future expansion—a feature becoming rarer in many neighbourhoods. While the living area is modest, the finished basement effectively doubles the usable space, making the home feel more spacious than the square footage suggests. Its competitive position in the Winnipeg market, ranking in the top 12% for lot size and top 38% for assessed value, indicates a property with strong fundamental appeal relative to the broader city.

This home would suit first-time buyers looking for a manageable single-level layout with immediate move-in readiness, or downsizers seeking a comfortable bungalow with a low-maintenance exterior but generous private outdoor space. It’s also a sensible choice for value-oriented buyers who prioritize land size over a large interior footprint, understanding that the lot itself represents a substantial portion of the property's long-term value. A thoughtful perspective is recognizing the home’s "good bones" and location as a stable foundation; updates can be made over time, but the lot and neighbourhood are permanent advantages.

Section 2: Frequently Asked Questions

1. What is the neighbourhood like?
The home is in the Eric Coy area. The provided rankings show it sits on a street and within a community of mixed property sizes and ages, offering a well-established, typical suburban setting.

2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.

3. How does the assessed value compare to the asking price?
The municipal assessment is $387,000. This is a useful benchmark, but the final sale price is determined by the current market. The 2016 sale was at $290,000, illustrating market change over time.

4. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for metrics like lot size and age. For example, its lot size is in the top 12% in Winnipeg, a standout feature, while its living area is more average locally.

5. What are the potential considerations with a 55-year-old home?
While the finished basement and maintained condition are positives, a home of this age will have systems (roof, windows, plumbing, electrical) that are likely original or nearing their lifespan. A thorough inspection is essential to budget for potential updates.