Property Overview: 4791 Eldridge Avenue
Key Characteristics & Appeal
This is a well-maintained, single-story home built in 1971 on a generous, nearly 6,000 sqft lot in Winnipeg's Eric Coy neighborhood. Its key features include a fully finished basement and a practical 873 sqft floor plan. The appeal here is grounded in space and value: the lot size is a significant asset, offering ample outdoor potential and ranking highly within its immediate area. While the living space is modest, the finished basement effectively expands the usable area. The home presents as an honest, no-frills property that has been cared for over its 55-year history.
Its value proposition is clear for specific buyers. It would suit first-time homeowners seeking an entry point with room to grow, practical-minded individuals who prioritize land size over a large interior footprint, or investors looking for a stable rental property in a mature neighborhood. The appeal isn't about luxury finishes, but about securing a solid foundation—both literally and figuratively—with the bonus of outdoor space that is increasingly rare in newer subdivisions.
Frequently Asked Questions
1. What is the true advantage of such a large lot?
Beyond simple yard space, a lot of this size (5,999 sqft) offers long-term flexibility. It provides privacy from neighbors, ample room for gardening, recreational additions like a large shed or deck, and potential for future expansion, subject to local bylaws.
2. How does the finished basement impact the living space?
The finished basement effectively doubles the home's functional area, though it isn't counted in the official 873 sqft living area. It's ideal for a family room, home office, or additional storage, making the home feel more spacious than the main floor square footage suggests.
3. The rankings show mixed results; how should I interpret them?
The rankings are relative comparisons. The key takeaway is the home's standout strength: its lot size ranks in the top 20% on its street. While the living area is smaller than many comparables, this highlights the property's profile: a large yard with a compact, efficient house.
4. Is the lack of a garage a significant drawback?
This depends on your needs. The large lot does offer space to potentially add a garage or shed in the future. For buyers who don't require vehicle storage or who value a lower purchase price over this feature, it may be a reasonable trade-off.
5. What does the assessment value tell me about the price?
The municipal assessment ($330,000) is for tax purposes and provides a baseline, not a market price. It indicates the home is positioned in the mid-range for the city. The actual list or sale price will reflect current market conditions, the home's condition, and the high-value lot.