Property Overview: 818 Oakdale Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Eric Coy offers a classic and practical living arrangement on a notably generous lot. Its key features include a fully finished basement, a split garage, and over 1,000 square feet of living space in a 1971-built bungalow. The property’s standout characteristic is its expansive 8,771 sqft land parcel, which provides ample outdoor space for gardening, recreation, or future expansion, a rarity that places it in the top 9% of all Winnipeg properties for lot size.

The appeal lies in its established neighborhood setting combined with significant lot value. It suits buyers looking for a solid, single-level home with a large yard, ideal for families desiring outdoor space, hobbyists, or those planning long-term value through land ownership. It’s a practical choice for first-time buyers seeking room to grow or downsizers who want main-floor living without sacrificing a sense of space and privacy outdoors. A thoughtful perspective is the home’s balanced positioning in the market: it doesn’t lead in every category but offers a compelling package where the exceptional lot size compensates for the more average home size and age, presenting a value proposition centered on land potential.

Section 2: Frequently Asked Questions

1. How does the large lot size impact property value and costs?
While the lot significantly boosts the property's overall value and desirability, prospective buyers should factor in the associated maintenance (like lawn care and landscaping) and potentially higher property taxes relative to homes on smaller parcels in the same area.

2. What does the "finished basement" entail?
The listing confirms the basement is finished, adding usable living space. It’s advisable to clarify the finish quality, ceiling height, moisture control, and whether it includes a separate entrance or legal secondary suite potential during a viewing or inspection.

3. The home was built in 1971. What should I be aware of?
As a home from this era, key systems (like plumbing, electrical, roof, and insulation) may be original or updated. A thorough home inspection is crucial to understand the condition and anticipate any needed updates or maintenance typical for a house of this age.

4. The living area ranks lower in the community. Will the house feel small?
At just over 1,000 sqft above grade, the living space is modest for the neighborhood. However, the finished basement effectively doubles the usable area, and the expansive lot shifts the living focus outward, making the overall property feel much larger than the interior square footage alone suggests.

5. How does the assessment value relate to the asking price?
The municipal assessment of $366,000 is a benchmark for property tax calculation, not a direct market valuation. The listing price will be influenced by current market conditions, the unique lot size, and the home's updated features, and may differ significantly from the assessed value.