4811 Eldridge Avenue

Property Overview

This 1987-built, single-story home in Winnipeg offers a blend of space, established character, and a highly convenient location. Its key appeal lies in its substantial, nearly 9,000 sqft lot—a rarity that provides ample outdoor space for gardening, recreation, or future expansion. With 1,600 sqft of living space and a finished basement, the home caters well to families or those who value room to spread out. Its rankings indicate a property that stands out in its immediate area for lot size, recent construction (relative to its neighbors), and above-average assessed value, suggesting it's a well-regarded home in a mature community. The attached garage and one-level layout add to its practical, low-maintenance appeal.

This property would suit buyers looking for a established home in a convenient Winnipeg neighborhood, prioritizing a large yard over a brand-new build. It's ideal for a family seeking indoor and outdoor space, or perhaps someone looking for a manageable single-story layout with room to grow. The strong city-wide rankings on key metrics also make it a sensible consideration for value-conscious buyers seeking a home with proven stability in the broader market.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, neighborhood, and all of Winnipeg. For example, being newer than 95% of homes on its street and having a larger lot than 92% of homes in Winnipeg highlights its relative advantages in those specific areas.

2. Is the large lot a maintenance burden or an opportunity?
It can be both. The 8,999 sqft lot offers exceptional private space but requires more upkeep than a standard yard. For the right buyer, this represents a major opportunity for landscaping, adding features like a shed or patio, or simply enjoying generous green space.

3. The home was built in 1987. What should I consider?
Homes from this era often have modern fundamentals (like wiring and insulation) but may be due for updates to kitchens, bathrooms, or flooring. This represents a balance—you avoid the major concerns of much older homes while having the chance to personalize finishes to your taste.

4. Who might this layout suit best?
The one-story design with a finished basement is versatile. It's excellent for young families, with common living areas on one level, or for those planning for long-term accessibility. The finished basement adds crucial flexible space for a rec room, home office, or guest area.

5. The assessment value is high for the area. Is that good?
A high assessed value relative to neighbors generally indicates the municipality views the property as one of the more substantial or improved homes in the community. It's a positive sign of the home's standing, but it's important to remember that market value can differ from the assessed value for taxation purposes.