4921 Eldridge Avenue

Property Overview & Key Characteristics

This 1969-built bungalow in Winnipeg's Eric Coy neighbourhood presents a compelling blend of space, location, and value. Its most defining feature is the exceptionally large, approximately 12,000 sqft lot, which places it in the top 4% of all properties in Winnipeg for land size. This offers immense potential for gardening, recreation, or future expansion. The home itself is a practical 1,096 sqft one-storey layout with a finished basement and a detached garage.

The appeal lies in this balance: it's a home with solid fundamentals on a truly standout piece of land. While the house is of average size for its area and is older, the lot size is a rare find that provides both privacy and possibilities not commonly available. It would suit buyers looking for a solid starter or retirement home with room to breathe, as well as value-oriented investors or builders who recognize the long-term potential of the land itself. It's a property where the land is the leading asset, offering a quieter, more suburban feel within the city.

Frequently Asked Questions

1. How does the age of the home (1969) affect things?
While the building is over 50 years old, its systems and structure should be evaluated during an inspection. The age is reflected in the price, but it also means the home may feature solid construction and mature landscaping that newer properties lack.

2. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the details. A viewing is necessary to determine the finish quality, ceiling height, legal egress, and whether it includes a separate entrance or additional bedrooms.

3. The lot is huge. Are there any restrictions on how it can be used?
This is a critical question. Buyers should verify all zoning bylaws with the city to understand what is permitted, whether for adding structures like a shed or garage, building an addition, or even potential future subdivision.

4. The rankings show the house is newer than only 16% of homes on its street. What does that mean?
This indicates that most houses on Eldridge Avenue are older than this one. For the broader area, it's around the middle. This suggests the street is well-established with mature homes, not a newer development.

5. Why is the assessed value a key point here?
The assessed value of $387,000 provides a benchmark for municipal taxation. How the asking price relates to this assessment can be an indicator of market positioning and may influence property tax calculations.