761 Oakdale Drive

Property Overview: 761 Oakdale Drive, Winnipeg

Key Characteristics & Appeal

This well-situated 1971 bungalow sits on a generous 7,194 sqft lot in the Eric Coy neighbourhood. Its key features include a fully finished basement and a split garage. With 873 sqft of living space, it is a compact and manageable single-level home.

The primary appeal lies in its established setting and solid lot size, offering space and privacy that can be harder to find with newer builds. Its rankings indicate it outperforms most Winnipeg homes for lot size, suggesting a premium outdoor space relative to the city. The fully finished basement immediately adds functional living area.

This property would suit first-time buyers seeking a lower-maintenance, entry-level home with room to grow outdoors, or downsizers looking for a comfortable single-story layout without a sprawling yard. It represents a practical opportunity in a mature community, where value is derived more from land and location than from square footage or modern finishes. A thoughtful perspective is recognizing the potential in the existing floor plan; a bungalow of this era on a large lot can often be expanded laterally or upward, offering a long-term foundation for customization.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics. For example, being in the top 16% in Winnipeg for lot size means the property lot is larger than 84% of all homes in the city—a significant advantage.

2. Is the living space too small?
At 873 sqft, the above-ground living area is compact. However, the fully finished basement effectively doubles the usable space, making the overall footprint more practical for daily life. The layout efficiency of a bungalow also contributes to a feeling of space.

3. What are the implications of a 55-year-old home?
While the home has been maintained, buyers should budget for updates to aging components like the roof, windows, or major systems. A thorough inspection is essential. The upside is that older homes in established areas often feature more robust construction and mature landscaping.

4. Who is the typical buyer in this area?
Eric Coy attracts a mix of long-time residents, young families drawn to the community feel, and practical buyers seeking value. The neighbourhood offers a balance of accessibility and quieter, tree-lined streets.

5. How does the assessment value relate to the listing price?
The municipal assessment of $365,000 is for tax purposes and provides a benchmark. The final sale price is determined by the current market, the home's condition, and buyer demand. It’s a useful data point, but not a direct predictor of selling price.