796 Oakdale Drive

Property Overview: 796 Oakdale Drive, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home on a spacious 7,202 sqft lot in the Eric Coy neighbourhood. Built in 1971, its key features include a fully finished basement and a detached garage. With 1,091 sqft of living space, it offers a practical layout for downsizers, first-time buyers, or investors seeking a solid entry point into the Winnipeg market.

The home’s primary appeal lies in its balance of space and value. The large lot is a significant asset, offering ample outdoor potential in a mature area. While the interior square footage is modest, the finished basement effectively expands the usable living area. The property’s competitive positioning is noteworthy: it ranks highly city-wide for lot size (top 15%) and assessed value (top 46%), suggesting it is a competitively priced offering relative to the broader market. It particularly suits buyers looking for a low-maintenance, single-level floorplan without sacrificing yard space, or those who see potential in a home where value is anchored more in the land than in the dwelling itself.

Frequently Asked Questions

1. What is the neighbourhood like?
Eric Coy is a mature, established community in Winnipeg. It offers the convenience of nearby amenities and services that develop over decades, with a mix of long-time residents and newer buyers.

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

3. What does the city assessment ranking mean?
The home ranks higher city-wide for lot size and value than it does within its immediate street or community. This can indicate the property is a strong value proposition compared to the whole city, even if it’s more average in its direct vicinity.

4. What are the implications of the home's age?
Built in 1971, the major systems (roof, windows, furnace, plumbing) are likely at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and any upcoming capital expenditures.

5. What is the potential here for a buyer?
The large lot presents the most obvious long-term potential, whether for gardening, expansion, or future redevelopment. The finished basement adds immediate functional space. The home represents a practical canvas for gradual updates.