3494 Eldridge Avenue

Property Overview

This 1978-built, one-storey home in Elmhurst presents a straightforward, functional living space. Its key characteristics are a modest 920 sqft of living area, a fully finished basement, and a decently sized 3,599 sqft lot, all at an assessed value of $286,000. The appeal here is grounded in practicality and potential. It suits first-time buyers or downsizers seeking an affordable entry into the Winnipeg market, or an investor looking for a manageable rental property. The finished basement adds immediate livable space, a valuable asset in a home of this size.

The property's competitive standing, however, requires a realistic perspective. While its lot size is a relative strength within its immediate street, the home ranks in the bottom tiers of its neighborhood for overall size, assessed value, and living area. This isn't a move-in-ready dream home, but a solid foundation. Its appeal lies in what it allows: the financial breathing room for gradual updates or the simplicity of a low-maintenance lifestyle. For the right buyer, its lower ranking in a stable neighborhood like Elmhurst could represent an opportunity to gain a foothold and add value over time.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this home to others on its street, in Elmhurst, and across Winnipeg. For example, ranking in the top 39% city-wide for its newer build year (1978) is a positive, while ranking in the bottom 10% of the neighborhood for living area confirms it's a compact home. This data helps set realistic expectations about the property's scale and value relative to its surroundings.

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, which significantly increases the usable square footage of the home.

3. What are the implications of having no garage?
This means parking will be limited to the driveway and street. Buyers should consider vehicle storage, winter plug-in access for block heaters, and the convenience factor for daily routines.

4. The home is nearly 50 years old. What should I be prepared for?
While the build year is not exceptionally old for Winnipeg, major systems (like roof, furnace, windows, or plumbing) may be at or nearing the end of their service life. A thorough inspection is crucial to understand upcoming maintenance costs.

5. Who would this property NOT be well-suited for?
It would likely not suit a growing family needing multiple bedrooms and ample living space, or a buyer seeking a modern, turn-key home without any projects. Its value proposition is in its affordability and baseline functionality, not in high-end finishes or abundant square footage.