4922 Eldridge Avenue

Property Overview & Key Characteristics

This 1969-built, single-storey home in Winnipeg's Eric Coy neighborhood offers a compelling blend of space, location, and value. Its primary appeal lies in its exceptionally large, nearly half-acre lot (19,490 sqft), which places it in the top 2% of properties in Winnipeg for land size. This provides immense potential for gardening, recreation, or future expansion. The home itself is of comfortable size (1,632 sqft) with a finished basement and an attached garage, catering to practical living needs.

The property suits buyers prioritizing land over a new build. It's ideal for those seeking a private, suburban-style oasis within the city, from families wanting room for children and pets to hobbyists or multi-generational households with expansion in mind. Its strong rankings for lot size and assessed value against city-wide comparables suggest a solid, value-oriented investment. A thoughtful perspective is that while the house itself is older, the sheer scale of the land is a rare commodity in the city that cannot be replicated, offering long-term equity in the property itself, not just the structure.

Frequently Asked Questions

1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the "top 2%" for lot size city-wide means 98% of Winnipeg properties have a smaller lot, highlighting a key competitive advantage.

2. Is the lot usable, or is it irregularly shaped?
While specific dimensions aren't provided, a lot of this size (over 4.5 times larger than a standard city lot) in a residential area typically offers generous backyard depth and side space. Verifying the exact layout with a survey is recommended.

3. Given the home's age (57 years), what should I budget for updates?
Prospective buyers should plan for updates consistent with a home of this era. Key systems like roof, windows, plumbing, and electrical should be a priority inspection focus to inform any renovation budget.

4. How does the assessed value relate to the likely selling price?
The municipal assessment ($462,000) is for tax purposes and is a historical snapshot. The market price is determined by current demand, the home's condition, and its unique attributes—most notably the rare, large lot—which often commands a premium.

5. What is the neighborhood character of Eric Coy?
With homes built primarily in the 1960s and 70s on varied lot sizes, Eric Coy offers a mature, established feel. The high percentile rankings for this property's lot and living area suggest it is among the more spacious and private offerings within the community.