Property Overview: 388 Oakdale Drive
Key Characteristics & Appeal
This is a distinctive, single-storey home in the Marlton area, built in 1955, sitting on an exceptionally large, private lot of over 26,500 square feet. Its key features include a finished basement, an in-ground pool, and a split garage. The home’s primary appeal lies in its rare combination of generous, usable land and established neighborhood character. While the house itself is of average size for the area, the property ranks in the top 1% in Winnipeg for lot size, offering unparalleled space for privacy, recreation, gardening, or future expansion.
The property would best suit buyers who value outdoor space and privacy above brand-new construction. It’s ideal for families seeking a backyard oasis with a pool, for hobbyists or gardeners wanting extensive land, or for those with long-term vision who may see potential in the existing home or the possibility of adding to it. It’s a home for someone looking to put down roots in a mature community, where the value is significantly anchored in the land itself.
Frequently Asked Questions
1. What is the true value proposition here?
The value is overwhelmingly in the land. You are purchasing one of the largest residential lots in Winnipeg, which is a finite resource. The house, while livable, is secondary to the potential and privacy offered by the nearly two-thirds of an acre property.
2. Is a 71-year-old home a concern?
It requires a pragmatic approach. While the structure has proven its durability, a pre-purchase inspection is essential to understand the condition of major systems (roof, plumbing, electrical) and the basement. The age also means renovation projects could modernize the interior to suit your tastes.
3. Who maintains the pool, and what are the costs?
The pool is a private amenity, so all maintenance, seasonal opening/closing, and associated utility costs are the responsibility of the homeowner. It’s a source of enjoyment but also an ongoing commitment and expense to factor into your budget.
4. How does the lot size affect property taxes?
While the assessed value is currently $477,000, taxes are calculated on that value, which already incorporates the premium for the large lot. Future increases would be tied to overall market trends and assessment changes, but the extraordinary lot is a permanent feature that will always influence its assessed value relative to standard-sized properties.
5. What’s less obvious about living on such a large lot?
It offers tremendous privacy and a sense of retreat, but it also requires significant upkeep—mowing, landscaping, and snow removal are substantial tasks. The space provides amazing flexibility, whether for children and pets to play, extensive gardening, or simply enjoying quiet, secluded outdoor living.