Property Summary: 4418 Eldridge Avenue, Winnipeg
Key Characteristics & Appeal
This is a unique, one-storey home on an exceptionally large, mature lot in the Eric Coy neighborhood. Its primary appeal lies in the extraordinary 32,746 sqft property—a rare find that places it in the top 1% of lots by size in Winnipeg. The home itself is a modest 1,148 sqft bungalow from 1961, featuring a finished basement and a detached garage.
The property suits two distinct types of buyers. First, it's ideal for those seeking long-term space and privacy, where the land itself is the main asset—perfect for gardening, recreation, or future expansion. Second, it appeals to value-conscious buyers looking in a desirable area, as the home's assessment value ranks higher than its size or age, suggesting the lot contributes significantly to its worth. A thoughtful perspective is that this property offers a balance of established neighborhood character with the blank-canvas potential of its vast yard, a combination that is increasingly hard to find.
Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, its lot size ranks in the top 1% city-wide, while the home's age and living area are more average, highlighting the land as the standout feature.
2. Is the house in need of major updates?
Built in 1961, the home is 65 years old. While it has a finished basement, buyers should budget for updates consistent with a house of this era. The rankings show its age is newer than only 39% of Winnipeg homes, so a pre-purchase inspection is advisable.
3. How can the lot be used?
The nearly 3/4-acre lot offers significant potential beyond a standard yard. Uses could include extensive landscaping, installing outbuildings (subject to bylaws), or simply enjoying unparalleled private green space in the city.
4. Why is the assessed value higher than the size might suggest?
The total assessment of $452,000 ranks higher than the home's square footage ranking, indicating that the municipal assessment heavily reflects the premium value of the large, mature lot.
5. What is the neighborhood like?
Eric Coy is an established, family-friendly community. The property's rankings show it outperforms 97% of lots in the neighborhood for size, meaning it offers more space and privacy than almost any other home nearby.