Property Overview: 3658 Eldridge Avenue
Section 1: Key Characteristics & Appeal
This well-maintained 1977 bungalow in Elmhurst offers a classic and practical living arrangement on a generous 7,238 sqft lot. Its key features include a fully finished basement, an attached garage, and a functional 1,343 sqft layout. The home’s appeal lies in its established, quiet neighbourhood and its strong relative value. Data shows it ranks highly within Winnipeg for lot size (top 15%) and assessed value (top 22%), suggesting a property that offers more space and perceived value than a majority of city homes. It last sold in late 2021 for $465,000, close to its current $472,000 assessment.
This property would suit first-time buyers or downsizers seeking a manageable single-story home with room to grow, either in the finished basement or on the sizable lot. It’s a solid, grounded choice for a buyer who prioritizes space and stability over a brand-new build, and who appreciates a home that has held its value well in a competitive market.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
Elmhurst is a mature, established neighbourhood in Winnipeg. The property’s rankings indicate it sits on a larger-than-average lot for the area, offering more privacy and outdoor space than many of its immediate neighbours.
2. Is the basement a legal suite?
The listing notes a "fully finished" basement but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the current configuration and necessary permits with the city.
3. How does the 2021 sale price relate to today’s value?
The home sold for $465,000 in October 2021. Its current assessed value of $472,000 suggests stable market performance, but a professional appraisal and market analysis are needed to determine its present fair market value.
4. What might the rankings mean for future resale?
The strong rankings for lot size and value within Winnipeg are positive indicators. They suggest the property has intrinsic advantages (like a large yard) that typically remain desirable, which can be a plus for long-term resale appeal.
5. Are there any concerns with a home from 1977?
As with any home nearly 50 years old, the condition of major systems (roof, windows, plumbing, electrical) and potential for asbestos or lead paint should be carefully evaluated during a professional home inspection.