1-407 Oakdale Drive

Property Overview

This 832 sqft home, built in 1977 and located at 1-407 Oakdale Drive in Winnipeg's Marlton area, presents a straightforward and affordable entry point into the market. Its key appeal lies in its proven value and efficient footprint. The home last sold in June 2021 for $175,000, closely aligning with its current assessed value of $174,000, suggesting a stable and predictable price point in a well-established neighborhood.

The property's standout feature is its exceptional competitive ranking within its immediate area. It ranks in the top 1% of its street and the top 0% of its community and all of Winnipeg for lot size, indicating a potentially more generous or better-situated parcel than nearly all comparable listings. This is a significant advantage for a home of this size and vintage. However, the interior square footage is more modest, ranking in the larger 80th percentile on its street but only the 18th percentile within the broader community, confirming it as a compact, manageable space.

This home would suit first-time buyers seeking a no-fuss starter home, investors looking for a stable rental property, or downsizers who prioritize a low-maintenance lifestyle without leaving a familiar neighborhood. Its strong lot-size ranking offers a less obvious perk: a sense of space and permanence that can be rare in this price segment, providing room to breathe or garden despite the cozy interior. It’s a practical choice for someone who values location and land over a large living area.

Frequently Asked Questions

Q: What does ranking in the top 0% for lot size actually mean?
A: It means this property's lot size is larger than 100% of the homes used for comparison in its community and across Winnipeg. Essentially, it has one of the most generous lot sizes relative to its peers, which is a notable asset.

Q: Is the home recently renovated?
A: The provided data does not specify renovations. The home was built in 1977, and the stable value between its 2021 sale price and current assessment suggests no major, value-altering upgrades have been made recently. Buyers should anticipate a home reflective of its era.

Q: Who is responsible for exterior and grounds maintenance?
A: The listing shows no garage and the building type is unspecified, which is common for condominium or co-op properties. This strongly suggests the property is part of a corporation where exterior maintenance, snow removal, and lawn care are likely handled and covered by a monthly fee. This is a crucial point to verify.

Q: The home ranks low for living area in Winnipeg. Will it feel too small?
A: At 832 sqft, it is a compact home. The ranking confirms it's smaller than most houses city-wide. However, its high lot-size ranking offers valuable outdoor space. It will suit those who prioritize efficient living and low utility costs over spacious rooms.

Q: Why is the assessed value almost identical to the 2021 sale price?
A: This indicates a stable market for this property type in this area. It suggests the initial purchase was at market value and that the property has not dramatically appreciated or depreciated, which can be appealing for buyers seeking a predictable, low-volatility investment.