Property Overview: 3623 Eldridge Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated Elmhurst bungalow sits on a large, nearly 8,000 sqft lot, offering space and privacy that ranks in the top quarter of its community. The home itself is a practical one-storey layout with 1,040 sqft of living space, a finished basement, and both attached and detached garage options, providing excellent storage and workshop potential. Its core appeal lies in this established, spacious setting combined with functional living spaces.
While the home was built in 1970, its recent sale in August 2024 at $415,000—slightly above its assessed value—suggests a market-ready property that has attracted buyer interest. It particularly suits buyers looking for a solid, single-level home in a mature neighbourhood without the premium of a new build. It’s ideal for those who value a large yard over a large house footprint, and for handy individuals or families who see potential in personalizing a home over time. The rankings indicate it outperforms most Winnipeg homes for lot size, but offers a more modest interior, presenting a classic trade-off: invest in the land and location, and tailor the house to your needs.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a standout feature at 7,981 sqft, larger than 73% of properties in Elmhurst and 89% across Winnipeg, offering rare space for gardens, play, or expansion.
2. Is the home recently updated?
The listing notes a finished basement but does not specify recent renovations. Given the 1970 build date, buyers should budget for potential updates to mechanical systems, roof, or interior finishes to modernize the home.
3. What do the "rankings" or "percentiles" mean?
These show how this property compares to others. For example, ranking "in the top 11% for lot size in Winnipeg" means 89% of homes have smaller lots. It's a quick way to gauge its relative strengths and weaknesses.
4. Who might this property not suit?
It may not suit those seeking a modern, move-in-ready home without any projects, or those who prioritize a large interior living area, as the house size ranks below average for the community.
5. Why did it sell for above its assessed value?
Assessed value is for municipal taxation and often lags the market. The sale price likely reflects current demand for homes with large lots and the desirable one-storey layout in a stable neighbourhood.