4276 Eldridge Avenue

Property Overview: 4276 Eldridge Avenue

This well-established bungalow in Winnipeg’s Eric Coy neighbourhood offers a classic and spacious family setting. Built in 1969, its key appeal lies in its generous, nearly 9,000 sqft lot—a significant size that ranks in the top 8% of all properties in Winnipeg for land area. The home itself features 1,123 sqft of living space with a finished basement and a split garage. Recent market activity shows strong value retention, with a 2021 sale at $430,000 and a current assessed value of $450,000, placing it competitively within its area.

The property suits buyers looking for a solid, no-frills home with exceptional outdoor space for gardening, play, or future expansion. Its rankings suggest it’s a “diamond in the rough”—while the house is older and average in size for the community, the lot is a standout asset. This makes it ideal for long-term homeowners who value land over a modern build, or for those who see potential in the existing structure to customize over time.

Frequently Asked Questions

1. How does the age of the home (1969) affect its condition and costs?
While the home is well-maintained, being over 50 years old means prospective buyers should budget for potential updates to major systems like roofing, plumbing, or windows. A thorough inspection is advised to prioritize any necessary investments.

2. What are the benefits of such a large lot?
The lot is this property's defining feature. It offers ample privacy, space for recreational activities, and significant potential for additions like a deck, workshop, or even a future secondary suite (subject to zoning approval). It’s a rarity compared to newer subdivisions.

3. The home ranks lower for size in the neighbourhood. Will it feel cramped?
At 1,123 sqft plus a finished basement, the living space is functional for a small to medium-sized family. The rankings are relative; the home’s footprint is balanced by the substantial lot, which extends the usable living area outdoors.

4. The assessed value rose since the 2021 purchase. Is the price fair?
The increase aligns with broader market trends. The assessment and recent sale price provide solid benchmarks, but the final value is also driven by the unique lot size, which may command a premium from the right buyer.

5. What is the Eric Coy neighbourhood like for families?
Eric Coy is a mature, established community with a mix of long-time residents and younger families. The property’s rankings show it offers more land than most in Winnipeg, providing a suburban feel within the city. Proximity to schools, parks, and amenities should be verified for personal needs.