Property Overview & Key Characteristics
This 1965-built, one-storey home on Oakdale Drive offers a unique proposition centered on space and established charm. Its primary appeal lies in its exceptionally large, half-acre lot (21,782 sqft), which places it in the top 1% of properties in Winnipeg for land size. The home itself is a manageable 1,116 sqft bungalow with a finished basement and an attached garage. While the house is of average size for its neighborhood and shows its age in ranking, the property's standout value is its expansive, private outdoor canvas in a well-established community.
This property would perfectly suit buyers who prioritize land over lavish interiors—think gardeners, hobbyists, or those seeking room for future additions like a workshop or large deck. It also appeals to downsizers looking for single-level living without sacrificing yard space, or investors who see long-term potential in the valuable lot itself. The appeal is less about a turn-key modern home and more about the rare opportunity to own a substantial piece of land in the city with a solid, functional house as a starting point.
Frequently Asked Questions
1. How does the age of the home affect its condition and value?
Built in 1965, the home is older than about 70% of houses in its immediate area. This typically means potential updates are needed, but it also comes with character and mature landscaping. The value is significantly bolstered by the irreplaceable lot size, which can offset concerns about the building's age.
2. Is the finished basement included in the listed living area?
No. The 1,116 sqft living area refers to the above-ground footprint of the bungalow. The finished basement provides additional flexible space but is separate from the official square footage calculation.
3. What does the land ranking actually mean for me?
Ranking in the top 1% city-wide for lot size is a major advantage. It offers unparalleled privacy and space for recreation, gardening, or expansion compared to typical city lots. It's a permanent feature that future buyers will also value highly.
4. Who is responsible for maintaining such a large lot?
The homeowner is responsible for all maintenance, including lawn care, tree management, and snow removal on the driveway and sidewalks. The scale of work is a consideration, but also allows for creative subdivision of the space into different use areas.
5. Why is the assessed value a key metric here?
With an assessed value that surpasses 69% of Winnipeg homes, the municipal assessment confirms the property's strong underlying value, heavily influenced by the land. It provides a benchmark for understanding its tax basis and official valuation, independent of current market trends.