Property Overview: 10-409 Oakdale Drive
Key Characteristics & Appeal
This 832 sqft home, built in 1977, presents a straightforward and affordable entry point into Winnipeg's Marlton neighbourhood. Its core appeal lies in its proven value and efficient footprint. The home ranks exceptionally well for its lot size within its immediate area, placing in the top 1% on its street and top 0% in the broader community and city, suggesting a well-situated property. While the living space is modest, it suits those seeking minimal upkeep. Recent sale history shows steady appreciation, with the 2022 sale price of $170,000 slightly above the current assessed value, indicating a stable market perception.
This property would suit first-time buyers, downsizers, or investors looking for a low-maintenance, cost-effective holding. Its strong rankings for lot size hint at potential that may not be fully reflected in the current structure, appealing to those with a long-term view. The lack of basement and garage simplifies the property, focusing the value on the main living area and land.
Frequently Asked Questions
1. What does the high ranking for "lot size" actually mean?
It means this specific property's land area is larger than nearly all compared homes on its street and in its community. This is a notable strength, as land is a permanent asset, and it can offer more outdoor space or future redevelopment potential compared to neighbouring lots.
2. The home is smaller and older than many in the area. Is that a concern?
It depends on your goals. The data shows the home is indeed more compact and older than most in its immediate comparison groups. This is reflected in its lower rankings for living area and age. However, this is precisely what makes it an affordable option, and the strong lot-size ranking is a significant compensating factor.
3. How reliable are the provided rankings?
The rankings are a useful, data-driven tool for relative comparison. They clearly show this property's competitive strengths (land) and its trade-offs (size, age) within defined geographic circles—its street, community, and all of Winnipeg.
4. The last sale was in 2022. Is the current assessment accurate?
The 2022 sale price of $170,000 is close to the current $165,000 assessment, suggesting the assessed value is grounded in recent market activity. This alignment can provide confidence in the property's baseline valuation.
5. Who would this property not be suitable for?
It would likely not suit buyers who require ample indoor storage (no basement or garage), need multiple large bedrooms, or are looking for a modern, move-in-ready home without any renovation projects. It's geared towards practicality and land value over immediate size or modern finishes.