4283 Eldridge Avenue

Property Overview: 4283 Eldridge Avenue

This well-established bungalow in Winnipeg's Eric Coy neighbourhood presents a classic and spacious family home on a generous lot. Built in 1969, its key appeal lies in its substantial 10,502 sqft property—a rare find that places it in the top 5% of Winnipeg for lot size. The home features 1,096 sqft of living space, a finished basement, and a split garage. While the interior living area is modest relative to the lot, the property offers significant outdoor potential and a solid, move-in-ready foundation. It particularly suits buyers looking for a large, private yard for gardening, recreation, or future expansion, and who value the established, quiet character of a mature neighbourhood over brand-new construction. Its competitive city-wide assessment ranking suggests strong underlying value for a prudent, long-term investment.

Key Questions for Consideration

1. What is the true value of such a large lot? Beyond privacy and space, a lot of this size (over 1/4 acre) is increasingly uncommon. It offers flexibility for adding a shed, workshop, or extensive landscaping, and holds potential for future additions, subject to zoning.

2. How does the finished basement add to the living space? The finished basement effectively expands the home's usable area. Clarifying the layout, ceiling height, and whether it includes a bedroom or additional bathroom will help assess its functional contribution.

3. Is the split garage a practical feature? A split garage (typically two separate single doors) can offer more flexibility for storage or workspace than a single double-door garage, but may limit parking for wider vehicles.

4. Given its age, what major systems should be inspected? As a home from the late 1960s, the roof, windows, plumbing, electrical panel, and foundation should be priorities for a professional inspection to understand any upcoming maintenance or updates.

5. How does the 2016 sale price compare to the current assessment? The 2016 sale at $367,000 and the current assessment of $397,000 indicate steady appreciation. Reviewing recent sales of comparable homes in Eric Coy will provide the clearest picture of current market value.