556 Oakdale Drive

Property Overview

This 1965-built bi-level home at 556 Oakdale Drive offers a distinct blend of space, privacy, and value. Its primary appeal lies in its exceptionally large, half-acre lot (21,734 sqft), which places it in the top 1% of properties in Winnipeg for land size. This private, park-like setting is a rare find within the city and provides immense potential for gardening, recreation, or future expansion. The home itself, with 1,222 sqft of finished living space including a developed basement, is practical and well-sized for a small family or couple.

The property’s competitive market position is underscored by its assessment value ranking higher than 72% of Winnipeg homes. It suits buyers prioritizing outdoor space and privacy over a brand-new build, and who see the value in a solid home on a truly standout lot. A thoughtful perspective is that while the house is older, the sheer scale of the land offers a legacy asset—a personal oasis and a hedge against the increasing scarcity of large urban lots. It’s a property for someone who envisions their life and activities extending far beyond the walls of the house.

Frequently Asked Questions

1. What does the "bi-level" style mean for daily living?
A bi-level features split entry, with living areas typically up a short flight of stairs and sleeping areas down another. It creates a natural separation of space but involves more stair use than a bungalow.

2. The lot is huge, but are there any restrictions on how it can be used?
While offering great freedom, all uses must comply with local zoning bylaws. It's wise to check with the city regarding specifics for adding structures like a large shed, garage, or pool.

3. The home's age is noted as 61 years. What should be prioritized in an inspection?
Given the era, an inspector should pay close attention to the foundation, roof, plumbing, and electrical systems to assess their current condition and any updates that may have been made over the decades.

4. There's no garage. How feasible would it be to add one?
The lot size certainly allows for it. The main considerations would be the cost of construction, obtaining the necessary permits, and ensuring the placement aligns with setback requirements and doesn't compromise the lot's open feel.

5. The rankings show the house is newer than only 43% of Winnipeg homes. Does that mean it's in poor condition?
Not necessarily. Age is a separate factor from condition. These rankings are purely statistical. A well-maintained or updated older home can be in excellent shape, which is why a thorough inspection is key to understanding its true state.