4810 Eldridge Avenue

Property Overview: 4810 Eldridge Avenue, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-story home on an exceptionally large lot in the Eric Coy neighborhood. Built in 1969, the 1,096 sqft house features a finished basement and sits on a private, 12,469 sqft parcel of land—a standout feature that places it in the top 3% of all Winnipeg properties for lot size. While the home itself is of average size for the area, its true value lies in the expansive outdoor space and its relative position within the market. The property ranks highly for lot size but more moderately for the age and size of the dwelling, suggesting a prime opportunity for buyers who value land and potential over a recently built or oversized home.

Its appeal is grounded in space and possibility. The huge yard is ideal for gardening, recreation, or future expansion, offering a rare sense of privacy in the city. The finished basement adds functional living space. It would suit a practical buyer—perhaps a young family seeking room to grow, a downsizer wanting a manageable single-level home with a generous garden, or an investor/renovator who sees the underlying value in the land and the potential to update the existing structure. It’s a property for those who understand that the land is often the lasting asset.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. They confirm the lot size is a major advantage (top 3% city-wide), while the house itself is more typical for the area, helping you understand where its standout value and potential trade-offs lie.

2. Is the large lot a maintenance burden or an opportunity?
It can be both. The yard requires more upkeep than a standard lot, but it provides unparalleled space for activities, gardening, or future projects like a workshop, addition, or even subdivision, subject to zoning.

3. The home was built in 1969. What should I be aware of?
While systems like roofing, plumbing, and wiring may have been updated, a thorough inspection is key to understand the condition of original components. The era of construction also means room layouts may differ from modern open-concept designs.

4. There’s no garage. How big of an issue is this?
For some buyers, this is a significant drawback. However, the vast lot provides ample space to build a garage or a sizable shed for storage, which could be a worthwhile investment to enhance the property's utility and value.

5. How does the assessment value relate to the asking price?
The city’s assessment ($359,000) is for tax purposes and is typically below market value. It’s a useful benchmark but not a direct indicator of the listing price. The final sale price will be determined by current market conditions, the property’s unique lot size, and its overall condition.