Property Overview: 4279 Eldridge Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a well-situated, single-storey home in the Eric Coy neighbourhood, built in 1969. Its primary appeal lies in its generous, mature lot of over 10,500 square feet—a significant and increasingly rare asset that places it in the top 5% of all Winnipeg properties for land size. The home itself offers 1,240 sqft of living space with a finished basement and a detached garage.
The property suits buyers prioritizing outdoor space, privacy, and long-term potential over a brand-new build. It’s ideal for someone who values a large yard for gardening, recreation, or future expansion, and who is comfortable with a home of this era. The data suggests a grounded perspective: while the lot is exceptional, the house itself is average in size for the area and the 1969 build date means it competes with newer homes. This creates a unique value proposition—you’re investing significantly in the land. It would particularly suit a practical buyer who sees the underlying value in the lot and is prepared to live with or gradually update the existing structure.
Frequently Asked Questions
1. What is the true standout feature of this property?
Beyond the finished basement or garage, the defining feature is the lot size. At over 10,500 sqft, it is substantially larger than most residential properties in Winnipeg, offering exceptional outdoor space and future potential.
2. How does the age of the home (1969) impact its value?
The 57-year-old build date is a key consideration. While the structure is well-established, it means systems like plumbing, electrical, and the roof may be at or beyond their typical service life. This is reflected in its ranking for age, which is in the bottom half for the city. A pre-purchase inspection is highly advised.
3. The assessment value is $388,000, but it sold for $345,000 in 2019. What does this indicate?
The 2019 sale price provides a concrete market benchmark from a relatively recent transaction. The current assessed value is an estimate for taxation purposes. The difference highlights the importance of current market conditions; the final sale price will be determined by today’s market, not the past sale or the assessment alone.
4. Who would this property NOT be a good fit for?
It may not suit buyers seeking a modern, move-in-ready home without any projects, or those who prefer a low-maintenance, small yard. The home’s rankings indicate its interior size and condition are average for the area, so the premium is for the land.
5. What do the community rankings (e.g., "前56%") actually tell me?
These rankings compare this property against others in Eric Coy. For example, being in the "top 56%" for lot size in the community means 44% of area lots are larger. This provides quick context: while the lot is huge city-wide, within its own desirable neighbourhood, it is above average but not the absolute largest. It’s a strong, but not leading, position locally.