Property Overview: 3472 Eldridge Avenue
Section 1: Key Characteristics & Appeal
This two-storey home in Elmhurst presents a practical opportunity in Winnipeg's market. Built in 1979, its key characteristic is a fully finished basement, adding valuable living space to the 1,112 sqft main footprint. The property sits on a standard city lot of 3,371 sqft. It does not have a garage or pool.
Its primary appeal lies in its value proposition and established neighborhood setting. The home ranks notably newer than many on its street and in Winnipeg overall, suggesting a relatively modern build for the area. It suits first-time buyers or practical investors looking for a solid, no-frills home with immediate livable space (thanks to the finished basement) at an accessible price point. It’s a property for those who prioritize function and location over luxury features, and who see potential in a home that ranks competitively in age but may benefit from updates over time.
A less obvious perspective is the lot's potential. While the house itself has modest square footage rankings, the land itself is a blank canvas for future expansion, a larger garden, or outdoor living space, which can be a significant long-term asset.
Section 2: Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings show how this property compares to others in key metrics. For example, it is newer than 85% of homes on its street, but its assessed value is lower than 86% of them, which may indicate room for value growth or a conservative assessment.
2. Is the finished basement included in the 1,112 sqft living area?
No, the 1,112 sqft refers to the above-ground living space. The finished basement is additional square footage, a significant functional bonus not reflected in the main area figure.
3. What does the "Two Storey" building type typically mean?
This usually indicates a home with living spaces spread over two full above-ground floors, often with bedrooms on the second floor. It's a classic and efficient layout for family living.
4. How might the lack of a garage impact daily life and value?
It means relying on street parking or considering the cost of adding a driveway or carport. For some buyers, this is a trade-off for the lower price and lot space; for others, it's a essential feature to budget for adding later.
5. The community ranking for lot size is very low. Should I be concerned?
This means the lot is smaller than most in Elmhurst. However, at over 3,300 sqft, it is still a standard city lot. This ranking highlights the character of the neighborhood, which may feature larger lots, but doesn't mean this property's yard is unusably small. It simply manages space efficiently.