Property Overview: 4280 Eldridge Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1969-built, one-storey home sits on a notably large, nearly 9,000 sqft lot in the Eric Coy neighbourhood. Its key features include a fully finished basement, a split garage, and 1,130 sqft of living space. The property’s standout appeal lies in its land—the lot size ranks in the top 8% across all of Winnipeg, offering exceptional outdoor space and potential in a mature community. While the house itself is of average size and age for its immediate area, its assessed value ranks higher than over two-thirds of Winnipeg homes, suggesting a well-regarded location or property condition.
This home would suit a buyer who prioritizes yard space over a large interior footprint, such as a young family seeking room for children and pets, or a downsizer wanting manageable single-level living with ample garden space. It also appeals to those with a vision for future expansion or landscaping projects, given the generous lot dimensions. The strong city-wide ranking for lot size represents a tangible asset that is increasingly rare, offering a sense of privacy and possibility not found in newer subdivisions.
Frequently Asked Questions
1. What is the neighbourhood like?
Eric Coy is a well-established, mature neighbourhood in Winnipeg. The property rankings show it is a community of mixed home ages and sizes, offering a settled, residential feel.
2. Is the house in original condition or updated?
The listing confirms a finished basement, but the age of interior updates, roof, windows, and major systems should be verified through a viewing and inspection, as the home is over 50 years old.
3. How does the assessment value relate to the asking price?
The municipal assessment is $419,000. It is important to compare this figure to the current list price to understand the seller's market expectations, as assessments are for taxation and not always identical to market value.
4. What are the implications of such a large lot?
The nearly 9,000 sqft lot provides excellent outdoor space but also means higher property taxes relative to a similar home on a smaller lot. Maintenance (lawn care, snow clearing) will also be more extensive.
5. Why does the lot rank so much higher than the house itself?
The rankings indicate the lot size is a premier feature city-wide, while the home's size and age are more average for the local area. This highlights a property where the land itself is a primary driver of value and appeal.