Property Overview: 4918 Eldridge Avenue
Key Characteristics & Appeal
This home is a 1968-built bi-level situated on an exceptionally large, nearly half-acre lot (19,491 sqft), which is its most defining and rare feature. With a finished basement, the property offers practical living space of approximately 989 sqft. Its recent sale at $427,000 aligns with the city's assessed value.
The primary appeal lies in the extraordinary outdoor potential. The lot size ranks in the top 2% city-wide, offering unparalleled privacy, space for gardens, recreation, or future expansion—a rarity within city limits. The home itself suits a practical buyer comfortable with a classic bi-level layout from the 1960s. It’s ideally suited for those prioritizing land over a large or modernized house: first-time buyers seeking a starter home with room to grow, downsizers wanting manageable indoor space with extensive outdoor hobbies, or long-term investors who recognize the inherent value in such a sizable urban parcel. A thoughtful perspective is that this property represents a "blank canvas" opportunity; the significant value is in the land itself, allowing the right owner to tailor both the home and grounds to their vision over time.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in the Eric Coy neighbourhood, and across all of Winnipeg. For example, being in the "top 2%" for lot size in Winnipeg confirms the lot is exceptionally large compared to nearly all city properties.
2. Is the house in original condition?
Built in 1968, the home is over 50 years old. The listing confirms a finished basement but does not specify recent major renovations. Buyers should anticipate typical maintenance or updates for a house of this age, which is often reflected in the price point focused on land value.
3. What are the advantages of a bi-level design?
Bi-levels typically feature a split entry, with living areas on one level and sleeping areas on another, offering good separation of space. They often have generous basement ceilings as part of the finished lower level, creating flexible living areas.
4. Can anything be built on such a large lot?
Potentially, but any new structures (like a garage, workshop, or addition) would require permits and must comply with Winnipeg's zoning bylaws. The lot's size provides uncommon flexibility for future projects, subject to city approval.
5. Why is the lot size so significant for a home of this style?
A lot of this scale is uncommon for a modest bi-level, creating a unique proposition. It offers a lifestyle typically found in rural areas—space, privacy, room for pets or gardening—while still being located within the city's amenities and services.