4930 Eldridge Avenue

Property Summary: 4930 Eldridge Avenue

Key Characteristics & Appeal

This is a well-maintained, single-storey home built in 1971, situated on a generous 6,138 sqft lot in Winnipeg's Eric Coy neighbourhood. Its key features include a fully finished basement and a detached garage. With 1,008 sqft of living space, it presents a practical and manageable layout.

The appeal lies in its established setting and solid value proposition. The lot size is a significant asset, offering ample outdoor space that is above average for the area. While the home's age and interior size are fairly typical for its immediate street and community, its overall assessed value ranks it more competitively across the wider Winnipeg market. This suggests a property that is fundamentally sound within its category.

This home would suit first-time buyers or downsizers looking for a low-maintenance, single-level living option without sacrificing yard space. It’s also a candidate for buyers who see potential in the existing footprint and generous lot, perhaps envisioning future updates or expansions. It’s less suited for those seeking a brand-new home or premium interior finishes without a renovation plan.

Frequently Asked Questions

1. How does this property really compare to others in the area?
The data shows a mix. Its lot size is a strong point, ranking highly. However, its living space and age are more average or below average within its specific community. Its overall assessed value performs better city-wide, indicating it may be priced more competitively than some direct neighbourhood comparisons suggest.

2. What does the "finished basement" entail?
The listing confirms the basement is finished, but the specific condition, layout, and ceiling height are not detailed. This is a key point for viewing, as finishes in a 55-year-old home can range from recently updated to functionally dated.

3. Is the detached garage a pro or a con?
It offers separation from the house, which some prefer for workshops or noise. However, it means navigating outdoors in Winnipeg winters. The condition, size (single or double), and potential for upgrade or conversion would be important to assess.

4. Given its age, what major systems might need attention?
As a home built in 1971, the roof, windows, original plumbing, and electrical systems are at an age where they may have been updated, may need updating, or could require attention soon. Inquiring about the history of these major components is essential.

5. Why is the community ranking for value higher than the street ranking?
The home's assessed value places it in the top 41% city-wide but only the top 78% within Eric Coy. This often indicates that the immediate neighbourhood may have a mix of higher-valued homes, while the property itself holds its own in a broader, more diverse market context. It highlights the importance of understanding hyper-local value drivers.