862 Oakdale Drive

Property Summary: 862 Oakdale Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in the Eric Coy neighbourhood offers a practical and spacious living proposition. Its key characteristic is the generous 8,754 sqft lot, which provides significant outdoor space and potential in a mature setting. The 1,228 sqft bungalow features a finished basement and a split garage, catering to a need for flexible living and storage space. Built in 1971, the home presents a solid foundation for those comfortable with a property of this vintage.

The appeal lies in its balance of space, location, and value. The lot size is a standout, ranking in the top 9% city-wide, offering rare room for gardens, play, or expansion. Its overall assessed value ranks competitively, suggesting a solid proposition within the market. This property would suit buyers looking for a single-level living layout on a large, established lot—ideal for families seeking backyard space, downsizers wanting manageable indoor space with ample outdoors, or value-oriented purchasers seeing potential in the land and the solid structure. A thoughtful perspective is that while the home’s interior size and age rank mid-range locally, the exceptional lot size offers a long-term asset that is increasingly scarce, providing both immediate utility and future flexibility.

Section 2: Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, being newer than 51% of homes in the community but owning a larger lot than 91% of homes in the city highlights its primary strength is the land, not the age or size of the house itself.

2. Is the finished basement included in the 1,228 sqft living area?
Typically, the listed "living area" refers to above-grade square footage. The finished basement is an additional feature, adding usable space but not usually counted in that official figure.

3. What are the implications of a 1971 build year?
Homes from this era often have solid construction but may require updates to mechanical systems (like plumbing or electrical) or windows. It represents an opportunity to customize but warrants a thorough inspection.

4. How does the split garage differ from a double attached garage?
A split garage, often configured as two separate single doors, can offer more flexible access or storage separation but may have a different footprint than a modern double garage. It’s practical but may be an older style.

5. The community rankings for value and size are lower than the city-wide ones. Why?
This indicates that the Eric Coy neighbourhood may have larger and higher-valued homes on average. Therefore, while this property stands out strongly city-wide for its lot, it faces stiffer local competition on those other metrics, which is useful for understanding the immediate area’s character.