Property Overview
This 1971 bi-level home at 4787 Eldridge Avenue offers a practical, no-frills living option in Winnipeg's Eric Coy neighbourhood. Its primary appeal lies in its generous 6,734 sqft lot—a significant outdoor space that ranks in the top 19% for size across the entire city. The home itself is modest, with 828 sqft of finished living space that includes a developed basement. It features a split garage and sits on a quiet street.
This property would best suit a value-conscious buyer, such as a first-time homeowner, an investor, or a downsizer, who prioritizes land potential over interior square footage. Its strong city-wide ranking for lot size suggests room for gardening, expansion, or future outdoor enjoyment, offering a tangible asset that newer subdivisions often lack. The appeal is grounded in utility and potential rather than immediate luxury, making it a pragmatic choice for those willing to see value in the land itself.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. Key takeaways are that its lot size is notably large for the city, while the living space is compact. The assessment value ranks roughly in the middle, suggesting it is priced in line with broader market fundamentals.
2. Is the living space too small?
At 828 sqft, the finished living area is below average. However, the developed basement effectively doubles the usable space. This layout suits those who live practically or spend significant time outdoors, but may feel cramped for a family needing multiple dedicated bedrooms or large common areas.
3. What are the pros and cons of a 55-year-old bi-level?
Pros include a typically simple and efficient layout, a potentially lower purchase price, and a large, established lot. Cons involve the age of major systems (like roof, windows, plumbing) which may need attention or updating. A thorough inspection is essential.
4. Who might this property not suit?
It may not suit buyers seeking modern, open-concept interiors or those unwilling to undertake potential updates. The smaller main-floor footprint and classic bi-level design also mean interior natural light can be limited compared to newer designs.
5. What is the potential here?
The significant lot size is the standout feature. For the right buyer, this offers long-term potential not easily replicated: space for a large shed, garden, play area, or even a future addition (subject to zoning and permits). It represents a classic trade-off of investing in land over the structure itself.