4799 Eldridge Avenue

Property Overview: 4799 Eldridge Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-maintained, single-storey home built in 1971, situated on a spacious, mature lot of approximately 6,700 square feet. The property features a fully finished basement and a practical living space of just over 1,000 square feet. Its appeal lies in its solid foundation and established neighborhood setting, offering a sense of space and privacy that can be harder to find in newer subdivisions. Recent market activity, including a sale in early 2022, indicates it's a property with recognized value in its area.

The home would suit first-time buyers looking for a manageable, entry-level house with room to grow outdoors, or downsizers seeking a single-level layout without the upkeep of a larger property. A thoughtful perspective for buyers is to consider the potential of the generous lot itself—it offers ample room for gardening, expansion, or simply enjoying outdoor living, which is a significant asset. While its interior size and age are average for the broader Winnipeg market, its rankings suggest it holds a competitive position within its own community, representing a grounded, value-conscious choice in a settled area.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to its neighbors?
Based on assessment data, the home’s total assessed value ranks in the top half of its local community and slightly above average for the city overall, suggesting it is reasonably aligned with area values.

2. Is the house particularly large or small for the area?
At 1,008 sqft, the living area is somewhat smaller than many homes on its street and in the Eric Coy neighborhood, placing it in the top 80% and 89% respectively for size. This indicates it's a more compact option in the area.

3. What does the lot size mean for me?
The lot of 6,699 sqft is a key feature, offering substantial outdoor space. This is a significant advantage for those who value yard space, privacy, or future landscaping projects, and is larger than many standard urban lots.

4. The house was built in 1971. What should I consider?
A home of this age will likely have undergone various updates. A thorough inspection is crucial to understand the condition of major systems like plumbing, electrical, and the roof. The fully finished basement also warrants close attention for any moisture or foundation concerns.

5. How stable has the property’s value been?
The 2022 sale price of $330,000 provides a recent market benchmark. The current assessed value is higher, but market conditions and individual property improvements can influence this. Reviewing recent sales of comparable homes in Eric Coy would provide the clearest picture of current value trends.