Property Overview: 4125 Eldridge Avenue
Key Characteristics & Appeal
This is a spacious, well-maintained bungalow built in 1998, situated on a large, approximately 11,820 sqft lot in Winnipeg's Eric Coy neighbourhood. Its key features include 1,585 sqft of living space, a finished basement, and an attached garage. The home's standout characteristic is its generous land size, which places it in the top 12% of lots on its street and offers significant outdoor potential.
The appeal lies in a combination of space, modern practicality, and established value. The 1998 build year means it benefits from relatively contemporary construction while being past its initial settling phase. Its consistently high percentile rankings—especially for lot size, assessed value, and recent build year within its immediate area—suggest it is a premium property within its local context. It suits buyers looking for a move-in ready, single-storey home with ample yard space for gardening, recreation, or future expansion. It would particularly appeal to downsizers seeking single-level living without sacrificing indoor and outdoor space, or to families valuing a large, private lot in a mature neighbourhood.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, wider neighbourhood, and all of Winnipeg. For example, being newer than 99% of homes on its street and having a higher assessed value than 97% of them indicates it is one of the most modern and highly-valued properties in its direct vicinity.
2. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a significant asset, offering flexibility. While subject to local zoning and permits, it could allow for additions like a sizable deck, workshop, or even a secondary suite (laneway home), making it attractive for long-term customization.
3. The home ranks lower within its broader community (Eric Coy) for size and value. Why?
This is likely because Eric Coy contains a diverse mix of property types and sizes. While this home is above average in many metrics, the community may include newer subdivisions with larger homes or more premium pockets, which is common. Its stronger rankings on its specific street and across Winnipeg highlight its standing in a more immediate and city-wide context.
4. What are the implications of a 1998 build year?
Homes from this era typically incorporate modern wiring, insulation standards, and floor plans, while major components like the roof and HVAC may be approaching or have recently undergone scheduled replacement. It represents a balance between avoiding the issues of much older homes and the premium price of brand-new construction.
5. Does the high assessed value compared to neighbours suggest higher property taxes?
Generally, a higher municipal assessment is a key factor in calculating property taxes. While not a direct 1:1 relationship, buyers should anticipate that the tax bill will reflect its status as one of the higher-valued homes in the area. It's advisable to research the actual current year taxes.