Property Overview: 17-405 Oakdale Drive, Winnipeg

Key Characteristics & Appeal

This is a compact, well-maintained condo unit built in 1977, located in the Marlton area of Winnipeg. With 676 square feet of living space, no basement, and no private garage, it represents an efficient, low-maintenance housing option. Its core appeal lies in its exceptional value and financial accessibility, underscored by a recent sale price of $150,000 and a municipal assessment of $131,000.

The property’s standout feature is its remarkable competitive ranking within its immediate community. It sits in the top 1% of homes on its street and the top 0% within both the Marlton neighbourhood and all of Winnipeg for its price-to-assessment ratio, indicating it is perceived as a high-value proposition within the market. This makes it particularly suited for first-time buyers, investors seeking a stable entry-point rental property, or downsizers looking to lock in predictable housing costs without the burdens of yard work or major exterior maintenance. A thoughtful perspective for buyers is to consider the freedom that comes with this scale of home: the lower utility costs, minimal upkeep, and the financial flexibility it can provide for other life priorities, from travel to investing.

Frequently Asked Questions

1. What are the monthly condo fees, and what do they cover?
This is the most critical question for any condo purchase. The listing details do not include this information. You will need to request a copy of the condo corporation’s financial statements and bylaws to understand the fee structure, what amenities or services (like building insurance, exterior maintenance, common area upkeep, or a reserve fund) they cover, and the health of the corporation’s finances.

2. Given the age of the building (1977), are there any known major repairs or assessments planned?
The building is nearly 50 years old. It’s essential to inquire about the condition of major building components like the roof, windows, plumbing, and electrical systems. Ask if there is a healthy reserve fund for future repairs or if there are any special assessments either planned or recently completed that could affect your costs.

3. How does the lack of private parking and storage work in practice?
The unit has no private garage. You should clarify what parking options are available (e.g., assigned surface spot, unreserved lot, or street parking) and whether there is any additional storage, such as a locker, for seasonal items or belongings.

4. The home ranks very high for value but low for size. Is there potential to renovate or reconfigure the interior?
At 676 sqft, efficient use of space is key. A prospective buyer should investigate the condo bylaws regarding interior renovations, particularly around moving walls or updating plumbing/electrical, to understand the scope of possible future upgrades to enhance livability.

5. The recent sale price is higher than the city assessment. What justified the premium?
A sale price above assessment is common and can be influenced by market conditions, recent interior updates not reflected in the assessment, or the unit’s specific condition and positioning within the building. Reviewing the specific features and any renovations of this unit compared to others in the complex will help explain the value.