Property Overview & Key Characteristics
This two-storey home on Oakdale Drive presents a compelling opportunity in Winnipeg's Eric Coy neighborhood. Its primary appeal lies in a combination of generous space and a large, mature lot. With over 2,000 sqft of living space and a finished basement, the home offers ample room for a growing or multi-generational family. The nearly 11,000 sqft lot is a significant asset, providing exceptional outdoor space and privacy that is increasingly rare, ranking in the top 5% of all Winnipeg properties for land size.
The home’s strong rankings are notable: it sits in the top 8-12% of the city for both living area and assessed value, indicating it is a substantially sized and well-regarded property relative to the broader market. Built in 1971, it is a classic, established home that has been maintained and updated over time. The lack of a garage may be a consideration for some, but the trade-off is an enormous yard. This property would best suit buyers who prioritize indoor and outdoor space over brand-new finishes—ideal for families, entertainers, or those seeking a project to personalize a solid, high-capacity home on a truly standout lot.
Frequently Asked Questions
1. What is the neighborhood like?
Eric Coy is a mature, established neighborhood in Winnipeg. The property's rankings show it is a larger and more valuable home than most in its immediate area and community, suggesting it is one of the more substantial homes in a well-settled area.
2. Is the basement included in the square footage?
No, the listed living area of 2,088 sqft typically refers to above-ground living space. The home also features a finished basement, which provides additional usable rooms and storage.
3. Why is there no garage, and is there potential to add one?
The property currently has no garage, which is reflected in the listing. Given the very large lot size (10,798 sqft), there is likely physical space to consider adding a garage or workshop in the future, subject to local zoning and permit approvals.
4. How does the 2017 sale price compare to the current assessment?
The home sold for $357,000 in April 2017. The current municipal assessment is $581,000. This increase reflects broader market trends and the property's substantial attributes over that period. The assessment is a valuation for tax purposes and not a market price.
5. The home is over 50 years old. What should I consider?
As a well-built home from 1971, it offers sturdy construction and mature landscaping. A thorough inspection is recommended to understand the condition and age of major systems like the roof, plumbing, electrical, and windows, and to plan for any updates to suit modern tastes and efficiency standards.