4795 Eldridge Avenue

Property Overview: 4795 Eldridge Avenue

Key Characteristics & Appeal

This is a well-maintained bi-level home built in 1971, situated on a generous, nearly 6,000 sqft lot in the Eric Coy neighbourhood. Its key features include a finished basement and a detached garage. The home’s primary appeal lies in its solid foundation and the space afforded by its larger-than-average lot, offering room for gardening, play, or future expansion. While the living space (828 sqft) is compact, the finished basement effectively expands the usable area, making it efficient for daily living.

The property’s competitive rankings reveal a nuanced position: it stands out in its immediate area for lot size, but the home itself is more modest in scale compared to many neighbours. This creates a unique value proposition—it’s a property where the land is a significant asset. It would suit first-time buyers seeking an entry point into homeownership with outdoor space, or practical downsizers looking for a manageable home without sacrificing yard size. It’s a home for those who see potential in the balance of a cozy interior and a substantial, private outdoor canvas.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings compare this property to others in the street, neighbourhood, and city. For example, its lot size ranks highly, meaning it's larger than most. Conversely, its living area is smaller than many homes in Winnipeg, confirming it's a more compact dwelling.

2. Is a bi-level style home suitable for me?
Bi-levels feature split entryways leading to upper living areas and lower-level spaces. This layout can offer good separation between living and sleeping areas. It's efficient, but those with mobility concerns may want to consider the required stairs.

3. What are the implications of the home's age (55 years)?
A home from 1971 will likely have had several updates. A thorough inspection is crucial to understand the condition of major systems like plumbing, electrical, and the roof, which may be due for maintenance or replacement.

4. The lot is large, but what can I do with it?
Beyond traditional gardening, the sizable lot provides flexibility for adding a deck, shed, or play structure. It's worth checking local bylaws for any plans like future additions or outbuildings to understand possibilities and limitations.

5. How should I interpret the assessed value?
The city assessment ($338,000) is for tax purposes and is a historical snapshot. It's a data point, but the market value is determined by current buyer demand, recent comparable sales, and the home's present condition.