3491 Eldridge Avenue

Property Overview: 3491 Eldridge Avenue

Section 1: Key Characteristics & Appeal

This 1978-built, one-storey home in Elmhurst presents a straightforward, functional living space. Its key characteristics include a fully finished basement, a modest 920 sqft of living area, and a manageable 2,960 sqft lot, all positioned in a mature neighborhood. The appeal here is largely practical and value-oriented. It suits first-time buyers seeking an affordable entry into the Winnipeg market, downsizers looking for a single-level layout without the premium of a newer build, or investors searching for a rental property with solid fundamentals. The home’s recent sale history suggests it has been a stable asset.

A less obvious perspective is its relative newness within its immediate context. While 48 years old, it is newer than 80% of homes on its street, potentially meaning fewer immediate major repairs compared to neighboring properties. However, its rankings for size and value are consistently in the lower percentiles for the area, indicating it is a compact option on a smaller lot—a trade-off for its accessible price point.

Section 2: Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. For example, being newer than 80% of houses on its street is a positive, while having less living space than 93% of its street neighbors clarifies its size positioning.

2. Is the finished basement included in the 920 sqft living area?
No, the 920 sqft refers to the above-ground living space. The finished basement is an additional area, adding functional square footage for recreation, storage, or extra rooms.

3. How does the 2024 assessed value relate to the asking price?
The current assessed value is $294,000. This is a municipal valuation for tax purposes. The asking price will be set by the seller based on this assessment, current market conditions, and the home's features.

4. What are the implications of no garage?
Parking will be limited to the driveway and street. This is a common feature in older neighborhoods but is a practical consideration for vehicle storage, workshop space, and winter weather.

5. The 2016 sale price was $231,000. What does that tell us?
It provides a historical benchmark, showing market appreciation over an 8-year period. It indicates the home has likely been a stable, long-term holding for the previous owner, not subject to frequent flipping.