Property Overview: 4311 Eldridge Avenue, Winnipeg
Key Characteristics & Appeal
This 1986 two-storey home in the Eric Coy neighbourhood sits on a large, 7,212 sqft lot, offering above-average outdoor space. With 1,789 sqft of living space and a finished basement, it provides ample room for a growing family or those who value space. The home’s key appeal lies in its strong, balanced rankings across several metrics. It consistently places in the top 15-30% city-wide for lot size, living area, and assessed value, indicating a property that outperforms most of Winnipeg in these core categories. Notably, it ranks in the top 10% on its street for its age, suggesting it is a relatively newer home in its immediate area.
The property would suit practical buyers looking for a well-sized, established home in a mature neighbourhood without sacrificing modern relative age. It’s ideal for those who prioritize a large yard and more interior space than the Winnipeg average, and who appreciate a home that holds solid value within its broader market context. The 2020 sale price provides a recent benchmark, showing significant equity growth in the assessed value since then, which may attract buyers looking for a property with a demonstrated value trajectory.
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 (Eric Coy), and all of Winnipeg. For example, being newer than 90% of homes on its street means it's one of the most recently built houses in that specific area, which can be a advantage for maintenance and systems.
2. The house was built in 1986. What should I consider?
While a 40-year-old home will likely need updates to kitchens, bathrooms, or flooring to match modern tastes, its systems (like roof, windows, furnace) may have been replaced within the last 10-20 years. A key question for the seller would be the age and condition of these major components.
3. How significant is the lot size?
At over 7,200 sqft, the lot is substantially larger than the average Winnipeg property. This isn't just about lawn space; it offers greater privacy, room for additions like a deck or shed, and future potential that smaller lots do not.
4. The assessed value rose from a $400,000 sale in 2020 to $513,000 now. Does this mean it's overpriced?
Not necessarily. The assessed value is the city's estimate for tax purposes and reflects broad market increases. It does, however, indicate strong appreciation. The current list price should be evaluated against recent sales of comparable homes, not just the past sale or assessment.
5. What is the neighbourhood (Eric Coy) like?
As a mature Winnipeg neighbourhood, Eric Coy typically offers a mix of long-term residents and younger families. The high rankings within the community for lot and home size suggest this is among the larger, more substantial properties in the area, potentially on quieter, more established streets.