4807 Eldridge Avenue

Property Summary: 4807 Eldridge Avenue

Section 1: Key Characteristics & Appeal

This property is a spacious, two-storey home built in 1986, situated on a large, nearly 9,000 sqft lot in Winnipeg's Eric Coy neighbourhood. Its primary appeal lies in its generous proportions, offering over 2,200 sqft of living space, which ranks it in the top 5% of homes city-wide for size. The lot size is also a significant asset, providing ample outdoor space for gardening, recreation, or future expansion. The home includes a full, unfinished basement, presenting a clean slate for customization.

The house would best suit buyers prioritizing space and land over turn-key finishes. It's an ideal canvas for a family or DIY enthusiast willing to update the interior over time and finish the basement to their own specifications. The strong city-wide rankings for lot and living size suggest a property with solid underlying value and potential, appealing to those looking for a long-term home where equity can be built through both market appreciation and personal investment in upgrades.

Section 2: Frequently Asked Questions

1. What is the neighbourhood like?
Eric Coy is a mature, established community. The property's rankings show that while the home itself is larger than most in Winnipeg, it's more typical in size for its specific neighbourhood, suggesting a comfortable fit within the area's character.

2. Is the price listed?
The provided assessment value is $540,000. It's important to note this is a municipal assessment for tax purposes, not necessarily the current market listing price. A real estate agent can provide a comparative market analysis.

3. What does "unfinished basement" mean for me?
The basement has core structural elements (foundation, walls, ceiling, floor) but is not developed into living space. This is a key opportunity to add significant value and customize the home to your needs, but it requires planning and budget for renovation.

4. The home is 40 years old. What should I consider?
While the rankings indicate it's newer than 70% of Winnipeg homes, a home of this age will likely have original or aging core components. A thorough inspection is essential to understand the condition of the roof, windows, HVAC system, and plumbing.

5. There's no garage. Can one be built?
The very large lot certainly provides the physical space for a future garage or workshop. You would need to verify zoning bylaws, setback requirements, and obtain the necessary permits from the city before proceeding.