Property Summary: 11-407 Oakdale Drive
Key Characteristics & Appeal
This is a compact, one-level condominium in the Marlton area of Winnipeg, built in 1977. Its primary appeal lies in its exceptional value and efficiency. With a modest 676 sqft of living space, no basement, and no garage, it represents a low-maintenance, affordable entry point into homeownership. The standout feature is its remarkable competitive ranking: it sits in the top 1% of its immediate street and the top 0% of both its neighborhood and all of Winnipeg for its property size, indicating it offers more space for the money than nearly all comparable listings.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, cost-effective holding. It’s for someone who prioritizes financial prudence and simplicity over extra space or features. A less obvious perspective is that its top-tier rankings, despite its age and basic specs, suggest it occupies a unique niche in the market—offering a rare combination of affordability and relative spaciousness within its specific category. It appeals to a pragmatic buyer who understands value in terms of utility and investment potential rather than amenities.
Frequently Asked Questions
1. What does the ranking (e.g., "top 0%") actually mean?
It means this specific unit offers more interior living space (sqft) for its price point than 100% of comparable properties in its neighborhood and city-wide, making it exceptionally competitive on a square-footage basis.
2. Are there any monthly condo fees, and what do they cover?
This information is not provided in the available details. A buyer must inquire directly with the listing agent or condominium corporation to understand the fee structure and what expenses (e.g., building insurance, exterior maintenance, reserves) are covered.
3. What is included in the "assessment value" of $134,000?
This is the municipal property tax assessment value, not the market listing price. It is used by the city to calculate annual property taxes and is typically different from a home's sale price.
4. Given the age of the building (1977), should I be concerned about major repairs?
While the unit itself is low-maintenance, the age of the overall condominium building makes it essential to review the corporation's reserve fund study and minutes. This will reveal the financial health of the building and plans for any upcoming major projects (like roofing or siding) that could affect fees.
5. Is this a good option for an investor looking to rent it out?
Its low assessed value and efficient size could make for a positive cash flow scenario with a modest rental income. However, an investor must verify the condominium's bylaws regarding rentals, the proportion of renters in the building, and factor in all carrying costs, including any condo fees, to accurately assess its investment potential.