Property Summary: 233 Oakdale Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This property is defined by its substantial, half-acre lot—a rare find that places it in the top 1% of Winnipeg for land size. The house itself is a classic one-and-a-half story home built in 1948, offering 1,259 sqft of living space with an unfinished basement and a detached garage. Its appeal lies in a compelling combination of space, value, and potential.
The primary draw is the immense, private yard, offering unparalleled room for gardens, recreation, or future expansion. While the home is older and may require updates, its assessed value has risen steadily, suggesting solid underlying value in a well-established Marlton neighbourhood. This home is not a move-in-ready showcase, but a canvas.
It would perfectly suit a buyer looking for a long-term family home where the land is the true asset, a hands-on owner comfortable with gradual renovations, or an investor who recognizes the irreplaceable value of a large urban lot. It offers a chance to create a personalized retreat with room to breathe, all while being part of a mature community.
Section 2: Frequently Asked Questions
1. What does the "one-and-a-half storey" design mean?
Typically, this style features a full main floor and a second floor with sloped ceilings (following the roofline), which may include cozy bedrooms or bonus spaces. It's a charming, classic layout common to the era.
2. How significant is the lot size, really?
At nearly 22,000 sqft, it's exceptionally large for Winnipeg. This isn't just a big backyard; it's a level of privacy and flexibility that is increasingly rare, allowing for additions like a large workshop, extensive landscaping, or even future subdivision, subject to city bylaws.
3. The home is older. What should I budget for immediately?
While the unfinished basement allows you to see the foundation and mechanicals, an older home like this warrants thorough inspections. Budgeting for potential updates to roofing, windows, or electrical systems is prudent. The upside is that any renovations can be tailored to modern tastes while preserving the home's character.
4. The 2020 sale price was lower than the current assessment. What does this indicate?
The increase reflects strong market appreciation for well-located properties with large lots over the past few years. It suggests the property has grown in market value, but the final sale price will always be determined by current market conditions.
5. Who is the ideal buyer for this property?
The ideal buyer values space over turn-key perfection. They are likely a planner—someone who sees the long-term potential of the land and is prepared to invest sweat equity or capital over time to modernize the home to their standards. It's for those who prioritize outdoor space and future potential over immediate, high-end finishes.