4818 Eldridge Avenue

Property Overview

This 1971-built one-and-a-half storey home in Winnipeg’s Eric Coy neighbourhood presents a compelling blend of space, location, and value. Its primary appeal lies in its generous 12,759 sqft lot—a rare find that places it in the top 3% of all Winnipeg properties for land size. The 1,485 sqft of living space is above average for the area and includes a finished basement, offering flexible room for a growing family, hobbies, or potential rental income. With a detached garage and a layout that ranks highly for both size and value within the broader city, it suits buyers looking for a long-term family home with room to breathe, garden, or expand. It’s particularly well-matched for those who prioritize outdoor space over a brand-new build, and who see the established, quiet streets of Eric Coy as an ideal setting to put down roots. The property’s strong city-wide rankings for lot size and living area contrast with its more modest local rankings, suggesting it’s a standout property in a mature neighbourhood where values are steady.

Key Questions for Buyers

1. What does the "one-and-a-half storey" design mean?
   Typically, this style features main living areas on the ground floor with additional bedrooms or living space in a finished upper level under sloping rooflines. It offers a classic, efficient layout that can feel more cozy and defined than an open-concept bungalow.

2. Is the large lot a benefit or a burden?
   It's a significant benefit for privacy, gardening, play space, or future additions like a shed or deck. However, it does mean more yard maintenance. The ranking data confirms this lot size is a major asset and a rarity in the city.

3. How should I interpret the various ranking percentages?
   They show how this property compares to others. Crucially, it ranks in the top 3% in Winnipeg for lot size and top 29% for living area, indicating its standout features. Its more average rankings within its own immediate community suggest it fits well in an established area without being overpriced.

4. The home is over 50 years old. What should I budget for?
   While the finished basement and updates are positives, a home of this age will likely need ongoing maintenance. A thorough inspection is essential to plan for potential updates to major systems like roofing, plumbing, or windows, which should be factored into your offer.

5. Who is the typical buyer in this area?
   Eric Coy attracts a mix of long-term residents and families seeking stable, quiet neighbourhoods with good access to city amenities. This property, with its large lot and family-sized layout, is likely to appeal to those looking for a permanent home rather than a short-term investment.