Property Summary: 4422 Eldridge Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a well-maintained, one-storey home built in 1978 on a generous 5,146 sqft lot in the Eric Coy neighbourhood. Its key features include a fully finished basement and an attached garage. With 992 sqft of living space, it presents as a classic, manageable bungalow.
The primary appeal lies in its balance of space, condition, and value. The large lot offers significant outdoor potential and is a standout feature compared to many newer properties. While its interior size is modest, the finished basement effectively doubles the usable living area. The home’s age is a positive here; built in the late 70s, it often means simpler, more robust construction and easier renovations than much older homes, yet it benefits from decades of neighbourhood maturity. It ranks notably well for its age within its immediate street and community, suggesting it has been cared for.
This property would suit first-time buyers seeking a solid entry point with room to grow into the lot, or downsizers looking for a single-level layout without compromising on yard space. It’s a practical choice for those who value a quiet, established area and see potential in a home’s underlying assets—like the large lot and finished basement—over sheer square footage or modern finishes.
Frequently Asked Questions
1. How does the home’s ranking in the community affect its value?
While the home ranks lower within the broader Eric Coy community for size and value, it performs significantly better on its specific street. This suggests it’s a well-kept property on a street of similar homes, making it a competitive option in its immediate micro-market.
2. What does the “finished basement” entail?
The listing confirms the basement is finished, meaning it has legal living space (e.g., proper walls, flooring, ceiling). Buyers should still inquire about the ceiling height, window well sizes, and the specific rooms (e.g., rec room, bedroom, bathroom) to understand its full utility.
3. Is the large lot a benefit for future expansion?
The 5,146 sqft lot is a major asset. It provides ample space for gardening, recreation, or future additions like a shed, deck, or even a home extension, subject to local zoning and permit approvals.
4. Given its age, what major systems might need attention?
As a 48-year-old home, a buyer should proactively investigate the condition and age of major components like the roof, windows, furnace, and plumbing. These are typical maintenance points for homes of this era and budgeting for potential updates is wise.
5. Who is responsible for verifying the property’s exact boundaries?
The listed lot size is from municipal records. For any plans involving fences, gardens, or structures near the lot line, a buyer should commission a new survey to confirm precise boundaries and avoid potential disputes.