4082 Eldridge Avenue

Property Overview

This 1972-built, one-storey home in Eric Coy offers a practical layout with 1,122 sqft of living space and a fully finished basement. Its standout feature is the generous 9,102 sqft lot, providing ample outdoor space that is rare to find in newer developments. The home includes a detached garage and ranks highly city-wide for lot size, placing in the top 8% of Winnipeg. While the interior is modest in size compared to newer homes, its appeal lies in its established neighborhood setting and the significant potential offered by the large, private yard. This property would suit first-time buyers looking for a manageable single-level home, downsizers seeking minimal stairs, or value-focused buyers who prioritize land size over a recently built structure and see potential in personalizing both the interior and expansive outdoor space.

Frequently Asked Questions

How does the lot size compare to typical properties?
The lot is exceptionally large at over 9,100 sqft, significantly bigger than most modern suburban lots. This places it in the 92nd percentile for all of Winnipeg, meaning it offers more private outdoor space than the vast majority of homes in the city.

What is the condition of the home given its age?
Built in 1972, the home is over 50 years old. Buyers should budget for potential updates to major aging components like the roof, windows, or mechanical systems. The basement is finished, which adds living space, but its condition should be verified during an inspection.

How does the recent sale price relate to the assessed value?
The home sold for $360,000 in September 2020. The current assessed value is $385,000. This difference can reflect market changes, specific upgrades made since the last sale, or the municipal assessment process, which doesn't always align perfectly with current market value.

Is the neighborhood considered desirable?
The Eric Coy neighborhood is a mature, established area. The home's rankings show it is average within its own community for metrics like living area and assessed value, but it excels in lot size. It appeals to those seeking a quiet, settled neighborhood rather than a newly developed one.

What are the main advantages and compromises?
The primary advantage is the large lot, offering privacy and room for gardens, play areas, or expansions. The main compromise is the home's age and modest interior square footage relative to the property size. It's a property where the land is a major asset, and the house itself represents a solid foundation with potential for updates.