4822 Eldridge Avenue

Property Overview: 4822 Eldridge Avenue

This 1970-built, one-storey home in Winnipeg's Eric Coy neighbourhood presents a practical and affordable entry point into homeownership. Its key appeal lies in offering a fully finished basement and a larger-than-average lot within a straightforward, manageable layout. The 960 sqft bungalow sits on a 7,298 sqft lot, providing ample outdoor space—a notable advantage in an urban setting. With an attached garage and a recent 2019 sale, it represents a stable, no-frills property.

The home suits first-time buyers or downsizers seeking a low-maintenance, single-level living space without a major renovation project. Its finished basement adds valuable flexible space for a family room, home office, or guests. The extensive yard will appeal to those with pets, gardening interests, or who simply value private outdoor room. While its interior size and age mean it ranks lower in those specific metrics within its immediate area, its overall assessed value ranks solidly above average across Winnipeg, suggesting it is perceived as a good value proposition for the city. Buyers should be prepared for the typical upkeep of a 50+ year-old home but can move in with everything in functional order.

Frequently Asked Questions

1. How does the finished basement add value?
It effectively doubles the usable living space beyond the 960 sqft main floor, providing crucial extra rooms without the cost of an addition. This is a significant advantage for a home of this size.

2. What does the lot size ranking mean for me?
The lot is larger than 85% of properties in Winnipeg, which is a major asset. It offers rare potential for gardening, expansion, or outdoor recreation that is hard to find in newer subdivisions.

3. The home ranks low for size in the neighbourhood. Is this a concern?
It indicates the home is smaller than many in Eric Coy. This isn't inherently negative—it often translates to a lower price point and less interior upkeep. It appeals to those prioritizing lot size and a manageable floor plan over a large house.

4. Is the 2019 sale price relevant today?
It provides a recent market baseline, showing the home appreciated from its 2019 sale price to its current assessed value. However, market conditions have shifted, so the current list price and eventual sale price will be determined by today's market.

5. Who is the ideal buyer for this property?
Primarily practical buyers: first-timers who want a move-in-ready home with a large yard, or empty-nesters looking to downsize from a larger house but not willing to compromise on outdoor space. It's for those who see the potential in land and layout over brand-new finishes.