3574 Eldridge Avenue

Property Overview: 3574 Eldridge Avenue

This well-established Elmhurst home presents a classic one-storey bungalow on a generous, mature lot. Built in 1974, its key appeal lies in its spacious 8,596 sqft property—a standout feature that places it in the top 20% of lots within the community. The home itself offers 1,003 sqft of living space with a finished basement, providing practical, single-level living. Recent market activity is confirmed with a sale in January 2025 at $355,000, closely aligning with its municipal assessment.

Its primary strengths are its land size and location. The lot offers significant outdoor space and potential in a neighborhood that ranks highly for property size. The home suits buyers looking for a solid, no-frills foundation in a quiet area—ideal for those who value space over a modernized interior, or for investors/renovators who see value in the underlying land and the opportunity to customize over time. It’s a pragmatic choice in a city where large lots are becoming less common.

Frequently Asked Questions

1. What is the true standout feature of this property?
The lot size is the most competitive asset. At over 8,500 sqft, it significantly outranks most properties in Winnipeg and offers rare potential for expansion, gardening, or outdoor living that is hard to find in newer subdivisions.

2. How does the home’s condition compare to the neighborhood?
The data suggests the house itself is more modest relative to its setting. While the lot ranks in the top 20% of the community, the living area and assessed value rank in the bottom 20%. This indicates a home that may require updates but sits on a premium piece of land.

3. Is there a garage or potential to build one?
The listing specifies no garage. However, the large lot size presents a clear opportunity to add a garage or workshop, subject to local zoning and permit approvals.

4. How does the recent sale price relate to the city’s market?
The $355,000 sale price places this property near the median for Winnipeg, outperforming about 52% of city sales. This suggests it was priced appropriately for its combination of land value and older, functional home.

5. What is the long-term perspective for this area?
Elmhurst is a mature neighborhood with stable values. A property like this, with a lot that already ranks highly, may see its value driven more by the scarcity of large parcels over time than by the vintage of the home itself, appealing to those with a longer-term view.