Property Overview: 4100 Eldridge Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1972. Its primary appeal lies in its generous, nearly 9,000 sqft lot, which offers significant outdoor space and potential in a city where such large plots are increasingly rare. The home itself features a practical 1,158 sqft layout with a finished basement and a split garage. While the interior size is modest relative to the land, it presents a solid foundation for comfortable living or future updates.
The property’s standout strength is its land value and established location. It ranks within the top 8% of all Winnipeg properties for lot size, suggesting a high degree of privacy and room for gardens, play areas, or expansion. The assessment value ranks higher than its neighbourhood average, indicating the lot is a recognized asset. This home would best suit a buyer who prioritizes land over a large interior footprint—perhaps a family seeking outdoor space, a hobbyist gardener, or a long-term investor who recognizes the underlying value of the sizable parcel. It’s a property where the true potential may be in what you can do with the land, not just the existing structure.
Frequently Asked Questions
1. What is the neighbourhood like?
Eric Coy is a mature, established community in Winnipeg. The property rankings show it is a neighbourhood with a mix of home sizes and ages, offering a settled, residential feel.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. A buyer should verify its compliance with local regulations if considering rental income.
3. How does the large lot impact maintenance?
The nearly 9,000 sqft lot provides ample space but also requires more upkeep for lawn care, gardening, and snow removal compared to a standard city lot. This is a consideration for both time and cost.
4. What might the rankings mean for future value?
Ranking in the top 8% city-wide for lot size is a significant data point. It suggests the property’s value is heavily tied to its land, which is a finite resource, potentially offering a different kind of equity growth compared to a home valued primarily for its interior square footage.
5. Are there any obvious concerns from the data?
The home’s living area and build year rank around the middle averages for its area, indicating the existing structure is typical for the neighbourhood. The opportunity here is the land, so a buyer’s focus should be on the condition of the house itself and their vision for utilizing the outdoor space.