Property Overview: 3 Oakdale Drive, Ridgedale, Winnipeg
This 1969-built, single-storey home sits on an exceptionally large, half-acre lot (over 20,000 sq ft) in Winnipeg's Ridgedale neighbourhood. Its key appeal lies in the rare combination of generous indoor and outdoor space. With over 2,000 sq ft of living area, a finished basement, and an attached garage, it offers practical family living. The property's standout feature is its land size, which ranks in the top 1% for Winnipeg, providing unparalleled privacy and potential for gardens, recreation, or expansion.
The home suits buyers prioritizing space and privacy over a modern build. It’s ideal for families seeking a large backyard, hobbyists or gardeners who value the extensive grounds, or those looking for a property with future redevelopment potential given the lot size. Its strong assessment and recent sale value, both ranking in the top 3% citywide, reflect a solid investment in a desirable location. A thoughtful perspective is that while the house itself is from the late 60s, the lot represents a permanent asset that is increasingly scarce in the city, offering a legacy benefit that transcends interior trends.
Frequently Asked Questions
1. How does the age of the home (built 1969) affect its condition and potential costs?
While the structure is sound and the basement is finished, a home of this age will likely require proactive maintenance or updates to major systems like roofing, plumbing, or windows. The value here is heavily weighted toward the land, so buyers should budget for modernizations.
2. What are the real advantages of such a large lot?
Beyond simple yard space, a lot of this size (20,071 sq ft) offers exceptional noise buffering from neighbours, ample room for additions like a workshop or large deck, and significant potential for landscaping, gardening, or even future subdivision, subject to city bylaws.
3. The home ranks lower for "newness" but very high for value. What does this indicate?
This contrast highlights that the property's market value is driven primarily by its lot size, living space, and location—attributes that outweigh the age of the structure. It suggests you are paying for the land and the established neighbourhood more than for a recently built home.
4. Is the finished basement included in the 2,046 sq ft living area?
Typically, "living area" refers to above-grade, heated space. The finished basement likely provides additional square footage, adding to the home's functional space but not counted in the official living area figure. Clarification with the listing agent is recommended.
5. The property ranks in the top 1% for lot size in Winnipeg. How does this impact property taxes?
While the large lot is a major asset, it also contributes to a higher assessed value ($732,000), which directly influences property tax calculations. Buyers should anticipate taxes commensurate with a high-value property.