Property Overview: 13-403 Oakdale Drive
Key Characteristics & Appeal
This is a compact, 884 sqft condominium unit in the Marlton area of Winnipeg, built in 1977. Its primary appeal lies in its exceptional location-based value and stability. The data shows it ranks in the top 1% of its street and the top 0% of its wider community and all of Winnipeg for its lot size/position—a significant and rare advantage that suggests a very desirable setting within the neighborhood. While the unit itself is modest in size and age, it has demonstrated solid market resilience, having sold twice in recent years (2022 and 2024) at increasing prices, with the latest sale surpassing the city assessment value.
This property would best suit pragmatic, value-conscious buyers such as first-time homeowners, downsizers, or investors seeking a low-maintenance entry into a well-established community. The appeal is not about luxury features—there is no garage, basement, or pool—but about securing a foothold in a highly ranked location without a premium price tag. It’s a practical choice for someone who prioritizes community standing and proven resale activity over square footage or modern amenities.
Frequently Asked Questions
1. What does ranking in the "top 0%" for the community and city actually mean?
This ranking is based on the property's lot size or footprint relative to others. For this condo, it means that within its defined community and all of Winnipeg, virtually no other property has a larger lot or land component for its type. This indicates a potentially more spacious or private setting than typical for the area.
2. The unit sold for more than its assessed value in 2024. Is that common?
While market conditions vary, a recent sale price above the city's assessed value can indicate strong buyer demand for that specific property or location. Assessments are for taxation purposes and can lag behind current market trends, so a higher sale price often reflects what buyers are currently willing to pay.
3. Who is responsible for exterior maintenance and repairs?
As a condominium, the condo corporation is typically responsible for major exterior maintenance, building structure, and common areas. Owners pay a monthly fee to cover these costs. It's crucial to review the condo corporation's financial health and bylaws to understand the specifics.
4. The living space is below average in size. How does that affect livability?
At 884 sqft, the layout needs to be efficient. This suits individuals, couples, or those comfortable with cozy living spaces. The trade-off is the highly ranked location and potentially lower utility/maintenance costs compared to larger homes.
5. The building is from 1977. What should I check regarding its condition?
A professional home inspection is essential. Key focuses for a building of this age include the condition of major systems (plumbing, electrical), the building envelope (windows, balcony integrity), and the roof. Also, inquire about any recent special assessments or major repairs funded by the condo corporation.