Property Overview: 1 Oakdale Drive, Ridgedale, Winnipeg

Key Characteristics & Appeal

This is a distinctive, single-storey family home in Winnipeg's Ridgedale area, sitting on a remarkably large, half-acre lot (23,635 sqft). Built in 1957, its primary appeal lies not in its age, but in the exceptional space it offers both inside and out. With 3,743 sqft of finished living space—ranking in the top 1% of homes in Winnipeg for size—it provides ample room for multi-generational living, large-scale entertaining, or flexible work-from-home setups. Key features include a finished basement and a private swimming pool, enhancing its recreational potential.

Its appeal is multifaceted: it suits buyers seeking a premium-sized property without a multi-storey layout, ideal for those preferring single-level living or with accessibility considerations. The vast, private yard is a rare find, perfect for gardening, recreation, or future expansion. While the home itself is from the late 1950s, its value is anchored in its generous proportions and land. This property would best suit a buyer who values space and privacy over a modern build, and who is prepared to steward a character home on a landmark-sized lot. It’s a legacy property for a family to grow into, offering a sense of retreat within the city.

Frequently Asked Questions

1. What is the true value of such a large lot in this neighbourhood?
Beyond the privacy and space, a lot of this size (over half an acre) in a established city neighbourhood is increasingly rare. It offers long-term value through potential subdivision (subject to city approval), space for significant additions, or simply as a permanent, private oasis.

2. Are there any concerns with a home built in 1957?
As with any home of this vintage, a thorough inspection is essential. Buyers should pay specific attention to the condition of the original plumbing, electrical systems, and the roof. The upside is that well-built homes from this era often feature solid construction and mature landscaping.

3. How does the finished basement contribute to the living space?
With the home already being very large, the finished basement significantly expands its functional space. It’s ideal for a separate family room, home gym, workshop, or guest suite, effectively making this a home with two primary living areas.

4. What are the annual costs associated with a property like this?
Prospective buyers should budget not only for typical utilities but also for the maintenance of the extensive grounds, the swimming pool (seasonal upkeep, heating, and insurance), and likely higher property taxes given the high assessment value and large lot size.

5. Why is the "neighbourhood rank" for age lower, while the size rank is top-tier?
The rankings reflect relative comparisons. The home is older than many in its immediate area, hence a lower "newness" rank. However, its living area and lot size are exceptionally large compared to almost all homes in Winnipeg, giving it a top-tier rank for space. This highlights the property's unique offering: it trades modern construction for unparalleled square footage.