Property Overview: 3579 Eldridge Avenue
Key Features & Ideal Buyer
This 1974 bi-level home in Elmhurst sits on a large, approximately 11,083 sqft lot, which is its most significant asset. The property ranks in the top 5% of Winnipeg for lot size, offering substantial outdoor space that is rare in the city. The home features 1,278 sqft of living space, a finished basement, and a detached garage. Its appeal lies in this unique combination of a very spacious, established lot in a mature neighborhood with a solid, functional home. The rankings indicate it outperforms most comparable properties in terms of lot size and assessed value within its community and the wider city.
This property would best suit a buyer who prioritizes land and potential over turn-key perfection. It’s ideal for someone with a vision for gardening, outdoor living, or future expansion, and who values the stability and character of an established area like Elmhurst. The finished basement and bi-level layout offer practical living space for a family or those needing flexibility. It’s a home for a pragmatic buyer who sees the enduring value in a large piece of land and is comfortable with a house that has a history and may benefit from personal updates over time.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show how this property compares to others. Notably, its lot size is in the top 5% city-wide, meaning you're getting more land than 95% of Winnipeg properties. Its assessed value also ranks highly, suggesting municipal assessment is strong relative to the market.
2. Is the house outdated since it was built in 1974?
The home is 50 years old, placing it in the middle range for age in its area. This typically means established infrastructure and mature landscaping. The "finished basement" indicates livable space, but buyers should be prepared for the maintenance and potential update projects common to homes of this era.
3. Who would the large lot suit best?
Beyond gardeners, it’s perfect for families wanting ample safe play space, pet owners, or anyone seeking privacy and room for additions like a shed, workshop, or expansive deck. It offers a suburban feel within the city.
4. What is a bi-level layout, and what are its pros/cons?
A bi-level has entry on a middle landing, with stairs leading up to the main living areas and down to the lower level. Pros include defined separation of spaces (often bedrooms below) and typically good value. A con can be the constant use of stairs between daily living zones.
5. How does the assessed value relate to the asking price?
The municipal assessment is $455,000 for tax purposes. A listing price above this is common in active markets, reflecting seller expectations. It’s a useful benchmark, but the final sale price is determined by current market conditions and buyer demand.