16-405 Oakdale Drive

Property Overview

This 676 sqft home, built in 1977, presents a straightforward and affordable entry point into Winnipeg’s Marlton neighbourhood. Its key appeal lies in its exceptional value positioning and low carrying costs, underscored by a municipal assessment of $131,000. The property ranks in the top 1% within its immediate area for lot size, suggesting a potentially generous outdoor space relative to its peers, which is a notable advantage for a home of this scale. However, it is a compact dwelling, ranking in the lower percentiles for living area, and it does not include a basement or garage.

This home would suit first-time buyers or investors seeking a minimal footprint with very low property taxes. It’s a practical choice for someone who prioritizes financial efficiency and land value over interior space, or for an investor looking for a stable, low-cost rental property. The high rankings for lot size and age (newer than 87% of homes on its street) indicate it sits on a desirable parcel in an established area, offering a "value in the land" proposition.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this home to others on its street, in Marlton, and across all of Winnipeg. For example, being in the "top 1%" for lot size on its street means its land area is larger than 99% of its immediate neighbours, which is a significant positive for a small home.

2. Are the low rankings for living area and assessed value a concern?
Not necessarily. They accurately reflect that this is one of the smaller and most affordable homes in the area. This is the core of its value proposition: ultra-affordability in a well-established neighbourhood, likely appealing to those with a tight budget.

3. What are the implications of having no basement or garage?
This means all living and storage must be accommodated within the 676 sqft footprint. Buyers should plan for creative storage solutions and consider the cost of adding an external shed or parking pad. It simplifies maintenance but reduces utility and storage space.

4. The home is 49 years old. What should I be mindful of?
While newer than many on its street, a 1977 build will require a thorough inspection of major systems like roofing, wiring, and plumbing, which may be nearing or past their typical lifespans. Budgeting for updates is prudent.

5. Who would this property NOT suit?
It would not suit growing families needing multiple bedrooms, individuals who require significant workshop or storage space, or buyers who prioritize modern open-concept layouts. The lack of a basement and garage significantly limits expansion possibilities.