Property Summary: 5015 Eldridge Avenue

Key Characteristics & Appeal

This is a well-established, single-family home in Winnipeg's Eric Coy neighborhood, built in 1987. Its primary appeal lies in offering generous space and a strong sense of value on a large, nearly 9,000 sqft lot—a combination that is increasingly rare. The home itself is a spacious 1,434 sqft bungalow with a finished basement and an attached garage, providing practical, single-level living.

The property’s standout feature is its exceptional land size, which ranks in the top 9% of all Winnipeg lots. This offers significant outdoor potential for gardening, recreation, or future expansion. While the house is nearly 40 years old, its construction date is notably newer than 95% of homes on its street, suggesting it may have more modern fundamentals than many in the area. It presents as a solid, "blank canvas" property: it's not the newest or most lavishly updated on the market, but its above-average assessed value and rankings indicate a well-maintained home in a desirable setting. This home would best suit buyers looking for a long-term family home with room to grow outdoors, or those who value the stability and space of an established neighborhood over a brand-new build. It’s a practical choice for someone ready to put down roots and possibly personalize the space over time.

Frequently Asked Questions

1. What is the neighborhood of Eric Coy like?
Eric Coy is a mature, established community in Winnipeg. The property rankings show this home sits on a larger lot and is newer than most in the immediate area, offering a balance of space and relative modernity within a settled neighborhood.

2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should verify its status with the city and their real estate professional.

3. How does the lot size compare to newer subdivisions?
At 8,878 sqft, this lot is substantially larger than those typically found in modern developments. This is a major advantage for privacy, outdoor activities, and future projects like a shed, deck, or garden.

4. The house was built in 1987. What might need updating?
While the build year is newer than many comparables, a home of this age may have original or aging components like windows, roof shingles, or major mechanical systems (furnace, water heater). A thorough inspection is recommended to plan for future maintenance.

5. What do the ranking percentages actually mean?
These metrics compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, ranking in the "top 9% in Winnipeg" for lot size means only 9% of Winnipeg homes have a larger lot. It’s a quick way to gauge how this home’s key features stack up against the competition.