Property Overview: 4116 Eldridge Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established bungalow in the Eric Coy neighbourhood presents a compelling opportunity, primarily defined by its generous, nearly 9,000 sqft lot—a standout feature that ranks it in the top 8% of all Winnipeg properties for land size. The home itself is a manageable 1,255 sqft one-storey layout with a finished basement, offering functional living space. Its assessed value ranks highly within its local context, suggesting solid underlying value.
The appeal lies in a blend of space, location, and potential. The vast lot is the star, providing exceptional outdoor privacy, room for gardening, expansion, or recreation—a rarity in the city. It suits buyers looking for a grounded, long-term family home where the land itself is a primary asset, or for those with future renovation or building plans who value the existing footprint and location. It’s a property for a practical buyer who sees the value in a large, established lot within a mature community, and is comfortable with a home from the 1970s that may require personalization or updates over time.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
Eric Coy is a mature, established residential community in Winnipeg. The property’s rankings show it is a very typical home for the area in terms of size and age, but it sits on a lot that is significantly larger than most in both the immediate neighbourhood and the wider city.
2. Is the basement a legal suite?
The listing notes the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the current layout and necessary permits with the city.
3. How does the 2017 sale price relate to the current assessment?
The home sold for $430,000 in late 2017 and now has a municipal assessment of $465,000. This increase reflects broader market trends and the assessed value, which is used for tax purposes, not necessarily the current market price.
4. What does the "ranking" data mean?
The provided rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for metrics like lot size and living area. For example, being in the "top 8%" for lot size in Winnipeg quantitatively highlights how unusually large the parcel is.
5. What are the main considerations for a home of this age?
Built in 1972, prospective buyers should budget for standard maintenance and potential updates to major aging components, such as the roof, windows, and mechanical systems. A thorough home inspection is essential.