Property Overview: 3607 Eldridge Avenue
Key Characteristics & Appeal
This 1970-built, one-storey home in Elmhurst sits on a large, nearly 8,000 sqft lot, offering a rare combination of space and established character. Its key appeal lies in its generous, private yard—a significant asset for families, gardeners, or anyone seeking outdoor room to breathe. With 1,184 sqft of living space and a finished basement, it provides practical, flexible layout options.
The home’s competitive strength is clearly in its land size and overall value. It ranks in the top 11% of all Winnipeg properties for lot size and the top 36% for assessed value, indicating a property that offers more space than most at its price point. It suits buyers looking for a solid, no-frills home where the land is the primary investment. It’s ideal for first-time buyers seeking a foothold in a mature neighbourhood, or for downsizers who want a manageable single-level layout without sacrificing yard space. A thoughtful perspective: while the home itself is older and ranks average for age and size in its area, the exceptional lot size provides future potential, whether for expansion, landscaping, or simply long-term property value in a city where large lots are increasingly scarce.
Frequently Asked Questions
1. How does the 2022 sale price compare to the current assessment?
The home sold for $355,000 in June 2022. The current assessed value is $395,000, which suggests market growth and may inform the seller's pricing expectations.
2. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Elmhurst, and across Winnipeg. Key takeaways: its lot size is exceptionally large city-wide (top 11%), but the home itself is older and more average in size for the immediate area. This highlights the property as a "land play."
3. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the layout, permits, and compliance with local regulations.
4. What are the implications of the home's age (56 years)?
A home from 1970 will likely have original or older major systems, like roofing, plumbing, and windows. A thorough inspection is crucial to budget for updates, though the structure has proven its longevity.
5. Why is the lot size such a standout feature?
In mature neighbourhoods, lots of this scale are uncommon. It offers privacy, space for recreation or gardening, and a sense of openness rarely found at this price point. It also represents the portion of the property that cannot be replicated or expanded.