Property Overview
720 Oakdale Drive is a spacious 4-level split home built in 1972, situated on a large, mature lot in Winnipeg's Eric Coy neighborhood. Its primary appeal lies in offering substantial interior space and one of the largest property footprints in the area, providing a rare sense of roominess and potential. The nearly 2,000 sqft of living space ranks well above average for the city, while the 12,612 sqft lot size is a standout feature, placing it in the top 3% of all Winnipeg properties for land area. This combination suits buyers looking for a project-in-waiting—specifically, those with the vision and budget to finish the undeveloped basement and possibly update the interior to modern standards. It’s an ideal canvas for a growing family or a long-term investor who values the inherent value of land and space over immediate move-in readiness. A less obvious perspective is the home’s appeal to multi-generational living; the split-level layout and raw basement offer clear zones that could be adapted for separate living quarters down the line.
Key Considerations & FAQs
1. What is the condition of the home, given its age?
Built in 1972, the home is over 50 years old. Buyers should budget for and expect updates to major systems (like roof, windows, plumbing, or electrical) typical for a house of this vintage, alongside any desired cosmetic renovations.
2. What does "undeveloped basement" mean for me?
The basement is unfinished, meaning it has raw space with concrete floors and exposed walls/ceilings. This represents both a cost and an opportunity: it requires investment to finish, but allows you to create exactly the space you need (e.g., a rec room, extra bedrooms, or a suite) without undoing previous work.
3. The lot is huge. What are the benefits and responsibilities?
The nearly 1/3-acre lot offers exceptional outdoor space for gardening, play, or future additions like a large deck or garage. However, it also means higher maintenance (more lawn to mow, more landscaping) and potentially higher water bills for irrigation.
4. There's no garage. Can one be built?
The property does not currently have a garage. Given the lot's exceptional size, there is very likely space to add one, subject to local zoning bylaws and permit approvals. This would be a significant but value-adding project for a new owner.
5. How do the ranking figures work?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, ranking in the top 10% for living space in Winnipeg confirms it is genuinely spacious. The high land area ranking (top 3%) is its most competitive metric, highlighting the rarity of a lot this size in the city.