4798 Eldridge Avenue

Property Overview

This 1971-built, one-storey home on a large 9,115 sqft lot in Eric Coy offers a practical and spacious foundation. Its key appeal lies in its generous, private yard—a significant asset for families, gardeners, or anyone seeking outdoor space—coupled with a finished basement that adds valuable flexible living area. With 1,243 sqft of living space and a split garage, it provides the core components of a classic Winnipeg family home.

The property suits buyers looking for a solid, single-level living option with immediate room to grow and personalize. Its strong city-wide rankings for lot size and assessed value indicate a property with above-average inherent value for its price point. It would particularly appeal to first-time buyers or downsizers who prioritize a manageable layout without sacrificing yard space, and to value-oriented investors or homeowners who see potential in updating a well-located, structurally sound property over time.

Frequently Asked Questions

1. How does the age of the home (55 years) affect its condition and potential costs?
While the home has been maintained, buyers should budget for updates typical of its era, such as windows, roofing, or mechanical systems. A thorough inspection is advised to prioritize any necessary repairs.

2. What are the benefits and considerations of such a large lot?
The oversized lot provides exceptional privacy, space for additions like a deck or shed, and gardening potential. However, it also means higher maintenance (lawn care, snow clearing) and correspondingly higher property taxes compared to homes on standard lots.

3. The home ranks higher city-wide than within its own neighborhood. What does this indicate?
This suggests the property offers more lot size and value for money than the average Winnipeg home, but may be surrounded by other desirable, well-established properties in Eric Coy. It's a strong asset in a competitive local market.

4. Is the finished basement included in the listed living area?
No, the 1,243 sqft living area refers to the above-grade main floor. The finished basement provides additional, separate space for a rec room, home office, or guest area, which is a functional bonus not reflected in the official square footage.

5. What is the practical advantage of a split garage?
A split garage (typically a double garage divided by a wall) offers more flexibility than a single open space. It allows for separate workshop or storage areas, or can keep lawn equipment and bicycles neatly separated from the primary vehicle parking.