Property Overview: 4291 Eldridge Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1969. Its primary appeal lies in its generous, mature lot of over 10,500 square feet—a significant and increasingly rare find that places it in the top 5% of Winnipeg for land size. The home itself offers 1,096 sqft of living space with a finished basement and a detached garage. While the house ranks as newer than only 47% of homes city-wide, its exceptional lot size and solid overall assessment value (surpassing 66% of Winnipeg properties) present a compelling proposition. This property suits buyers looking for space to grow, garden, or simply enjoy privacy outdoors without leaving the city. It’s ideal for those who value land potential over a modern build, and it represents a grounded opportunity for a long-term holder or someone willing to invest in updates over time to match the premium lot.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for metrics like size, age, and assessed value. For example, being newer than only 47% of Winnipeg homes confirms it's an older property, but its land size ranking in the top 5% city-wide highlights its standout feature.
2. Is the finished basement included in the 1,096 sqft living area?
No, the 1,096 sqft figure typically refers to the above-grade living space. The finished basement provides additional usable square footage beyond that listed number.
3. What are the implications of such a large lot?
Beyond privacy and space, a lot of this scale (approx. 0.24 acres) offers flexibility for gardening, expansion, or adding outdoor structures, subject to local bylaws. It also suggests a higher proportion of the property's value is in the land itself.
4. How does the assessed value relate to the likely asking or sale price?
The municipal assessment of $406,000 is for tax purposes and is based on a mass appraisal system. Market conditions, recent renovations, and buyer demand will ultimately determine the sale price, which can be higher or lower than this figure.
5. What is the typical character of the Eric Coy neighbourhood?
Eric Coy is a mature, established community with a mix of older and newer homes. A property with a lot size in the top tier for the area suggests a quieter, more spacious setting compared to newer, more densely packed subdivisions.