Property Overview: 792 Oakdale Drive, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This well-established 1973 bungalow sits on a generous 7,229 sqft lot in the Eric Coy neighbourhood. Its key features include a fully finished basement and a living area of 1,309 sqft, which is notably spacious compared to many Winnipeg homes. The property's main appeal lies in its solid foundation and the significant potential offered by the large lot. While the home itself is over 50 years old and lacks a garage, its rankings indicate a competitive edge in lot size and living space within the local market. This presents a clear value proposition: you are acquiring substantial land and a functional, single-level layout in a mature community.
This home would best suit practical buyers looking for a long-term project. It’s ideal for first-time homeowners comfortable with gradual updates, or for those who prioritize land size over turn-key condition. The large lot offers less obvious opportunities, such as future expansion, gardening, or creating ample private outdoor space—a valuable asset. It’s a property for someone who sees a foundation to build upon, both literally and figuratively.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in the immediate area. For example, its lot size ranks in the top 15% city-wide, meaning it's larger than most, while its assessed value is around the median for Winnipeg, suggesting a fair baseline.
2. Is the finished basement included in the 1,309 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-grade square footage. The fully finished basement is an additional bonus space not reflected in that 1,309 sqft figure.
3. What are the implications of a 1973 build year?
Homes from this era often have solid construction but will likely require updates to major systems (like plumbing, electrical, or windows) and interior finishes. A thorough inspection is essential to understand the condition and modernization needs.
4. How big of a drawback is the lack of a garage?
For some buyers, this is a significant consideration for vehicle storage and workshop space. However, the large lot does provide the possibility of adding a garage or shed in the future, subject to local bylaws and budget.
5. The community value rank seems low. What does that indicate?
The assessment ranking in the community (surpassing only 14% of homes) suggests the municipal assessed value is relatively low compared to other homes in Eric Coy. This isn't inherently negative; it can sometimes indicate a lower property tax base, but market value is ultimately determined by sale price.