Property Overview: 3630 Eldridge Avenue
Key Characteristics & Appeal
This 1976 one-storey home in Elmhurst sits on a large, mature lot of over 7,300 square feet, offering a sense of space and privacy that is increasingly rare. With 1,278 square feet of living space, a fully finished basement, and a split garage, the property provides functional, single-level living. Its core appeal lies in its established neighborhood setting combined with strong statistical performance. The home ranks in the top 25% of Winnipeg by assessed value and its 2022 sale price sits in the top 14% citywide, suggesting it is perceived as a solid asset in a desirable area. It particularly suits buyers looking for a move-in ready, low-maintenance bungalow on a generous lot, ideal for downsizers, small families, or investors seeking a property with proven value retention in a stable community. A thoughtful perspective is that while the home is 50 years old, its above-average rankings for size and value on its street indicate it is a standout property within its immediate context, not just another older house.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on the same street, in Elmhurst, and across all of Winnipeg. For example, being in the "top 14%" citywide for its last sale price means it sold for more than 86% of other Winnipeg homes, indicating strong market performance.
2. 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 verify its compliance with local zoning and licensing regulations.
3. Why is the current assessed value lower than the 2022 sale price?
Municipal property assessments for tax purposes often lag behind current market values and use a different valuation model. The 2022 sale price is a direct market transaction and is typically a more current indicator of worth.
4. What are the implications of the home's age?
Built in 1976, major components like the roof, windows, and mechanical systems (furnace, water heater) may be at or near the end of their typical lifespans. A thorough inspection is advised, but the home's age is typical for the mature neighborhood.
5. How does the lot size benefit a buyer?
At 7,388 sq ft, the lot is significantly larger than many newer properties. This not only provides ample yard space but also represents long-term value, as land size is a permanent asset that can offer future potential (like additions or landscaping projects) that smaller lots cannot.