Property Summary: 4926 Eldridge Avenue

Key Characteristics & Appeal

This is a distinctive, one-storey home in Winnipeg's Eric Coy neighborhood, built in 1970. Its most defining feature is the exceptionally large, half-acre lot (over 20,000 sqft), which places it in the top 1% of properties in Winnipeg for land size. The home itself offers 1,353 sqft of living space with a finished basement, a split garage, and the unique addition of a swimming pool.

The primary appeal lies in its rare combination of space, privacy, and recreational potential. The vast yard is a major asset, offering ample room for gardening, expansion, or outdoor activities with a level of seclusion uncommon in the city. While the house is of average size for the area, the land represents a significant long-term value. The pool adds a resort-like amenity for summer enjoyment. This property would best suit buyers who prioritize outdoor living space over a large interior footprint—ideal for families seeking room to play, hobbyists, or those who entertain frequently and value the privacy a large lot affords. It's also a compelling option for future-minded buyers who see the potential in the land itself.

Frequently Asked Questions

1. How does the age of the home (1970) affect its condition and potential needs?
While the home ranks as newer than about half of Winnipeg's housing stock, a property of this age will likely have had major systems updated. Prospective buyers should prioritize inspections for the roof, foundation, plumbing, and electrical to understand the current state and plan for any modernizations.

2. What are the considerations of owning a property with a swimming pool in Winnipeg's climate?
The pool is a great seasonal amenity but requires specific upkeep. Buyers should budget for annual opening/closing services, ongoing maintenance, higher summer utility costs, and insurance implications. Its usable season is limited to the warmer months, so its value is largely personal enjoyment rather than a year-round feature.

3. The lot is enormous. Are there any restrictions on what can be done with it?
The half-acre size offers fantastic flexibility. However, any significant changes—like building an additional structure, adding a detached garage, or subdividing the lot—would require checking with the city's zoning bylaws and obtaining the necessary permits. The potential is there, but it's not without regulation.

4. The home's living space is modest relative to the lot size. Is there room to expand the house?
The large lot certainly provides the physical space for an addition. Whether you can build one depends on the specific zoning setbacks and the home's current footprint. This is a key question for a buyer considering future renovations to increase the indoor living area to match the grandeur of the outdoors.

5. How do the property taxes compare, given the high assessed value?
With an assessed value of $466,000, which is in the top 23% for Winnipeg, the property taxes will be correspondingly higher than for a typical city lot. Buyers should factor this into their ongoing ownership costs, as the premium for the large, desirable lot is reflected in the tax bill.