255 Oakdale Drive

Property Overview: 255 Oakdale Drive

Key Characteristics & Appeal

This is a classic, one-storey home in the Marlton area, built in 1940 and situated on a remarkably large, private lot of over 26,000 square feet. Its primary appeal lies in this exceptional land size, which places it in the top 1% of all properties in Winnipeg for lot dimensions. The house itself offers a comfortable 1,796 sqft of living space, which is above average for the city. It features a split garage and an unfinished basement, presenting a blank canvas for future expansion or storage.

The property suits two distinct types of buyers. First, it's ideal for those seeking long-term privacy and space in the city—a rare find for gardeners, families wanting room to play, or anyone who values a generous, park-like setting. Second, it appeals to visionaries or builders who see the underlying value in the land itself, recognizing the potential for future development or a significant renovation of the existing structure. While the home is of an older vintage, its strong ranking for assessed value in the area suggests it is a substantial and well-regarded asset in its community.

Frequently Asked Questions

1. What does the ranking data (e.g., "top 1% for lot size") actually mean?
It means this property's specific feature (like its 26,415 sqft lot) is larger than 99% of all residential properties used for comparison across Winnipeg, indicating it is an exceptionally rare find in the city.

2. The house was built in 1940. What should I be mindful of?
Prospective buyers should budget for a thorough inspection focusing on era-appropriate systems like plumbing, electrical wiring, and the foundation. The unfinished basement allows these components to be easily viewed and assessed.

3. Is the large lot a benefit for future expansion?
Absolutely. The lot size not only provides immense privacy but also offers clear potential for additions, a large workshop, or even subdivision, subject to municipal zoning and approval.

4. The home ranks highly for lot size but lower for age. Is this a concern?
Not necessarily. The rankings are separate metrics. The lower "age" ranking simply confirms the home is older than most in Winnipeg, which is typical for established neighborhoods. The key is that the property's core value is strongly driven by its irreplaceable land, not the age of the structure.

5. Why is the basement unfinished, and is that an advantage?
It is common for homes of this era. While it requires investment to finish, it is a significant advantage for an inspector or buyer to clearly see the home's underlying structure, mechanical systems, and foundation condition without any obstructions.