Property Summary: 3655 Eldridge Avenue
Section 1: Key Characteristics & Appeal
This well-established two-storey home in Elmhurst presents a compelling blend of space, amenities, and proven value. Its key characteristics include a generous 1,912 sqft of living space, a fully finished basement, and the rare suburban benefit of a private swimming pool, all situated on a large 6,824 sqft lot. A built-in garage adds practical convenience.
The appeal lies in its strong fundamentals and relative standing. Built in 1988, the home is notably newer than most in its immediate area, ranking in the top 4% on its street for age. It consistently ranks highly for its size, assessed value, and past sale price within its community and across Winnipeg, indicating a property that has historically outperformed many peers. The 2020 sale at $580,000, above the current $565,000 assessment, suggests a history of solid market valuation.
This property would suit buyers looking for a move-in ready family home in a mature neighbourhood, who value outdoor private space (evidenced by the pool and large lot) and appreciate a home with modern enough infrastructure to avoid the concerns of much older builds. It’s for those who prioritize tangible features and statistical performance over brand-new construction.
Section 2: Frequently Asked Questions
1. How does the swimming pool impact insurance and maintenance costs?
A private pool increases annual maintenance requirements and will typically raise homeowner insurance premiums. Prospective buyers should budget for seasonal opening/closing, ongoing chemical care, and potential utility cost increases.
2. The home ranks highly for its age on the street. What does this imply?
Ranking in the top 4% for age means 96% of homes on Eldridge Avenue are older. This can be an advantage, suggesting potentially fewer immediate concerns with outdated major systems (like roofing or plumbing) compared to neighbouring houses, and possibly more modern layouts.
3. The 2020 sale price was higher than the current assessed value. Why?
Municipal assessments for tax purposes often lag behind current market fluctuations and may not reflect recent upgrades or precise market conditions. The 2020 price is a historical data point showing what a buyer previously paid, while the assessment is an estimate of value for taxation as of a specific date.
4. What do the community and city-wide rankings tell me?
These rankings show how this property compares to others in Elmhurst and all of Winnipeg for metrics like size and value. For example, ranking in the top 18% in Winnipeg for living size means it is more spacious than 88% of city homes. This indicates a above-average offering in the broader market.
5. Is a fully finished basement included in the listed living area?
Typically, no. The listed living area of 1,912 sqft usually refers to above-grade space. The fully finished basement provides additional usable square footage that is separate from that official figure, adding functional space for recreation, guests, or a home office.