Property Overview: 518 Fairmont Road
This well-established bungalow in Eric Coy offers a practical and spacious family living environment. Its key appeal lies in the combination of a large, mature lot and a fully finished basement, providing significant usable space. The home suits first-time buyers seeking a move-in-ready property with room to grow, or downsizers looking for single-level living without sacrificing space. A thoughtful perspective is its strong city-wide ranking for lot size—placing in the top 17% in Winnipeg—which is a permanent asset offering privacy and potential that newer subdivisions often lack. While the interior is functional, the property’s true value is grounded in its established neighborhood setting and the versatility provided by the finished lower level.
Key Details & FAQs
- Key Characteristics: A 1,380 sqft one-storey home built in 1973, situated on a 7,019 sqft lot. It features a fully finished basement and a detached garage.
- Primary Appeal: A turnkey home with ample indoor and outdoor space, ideal for those prioritizing a large yard and a straightforward, efficient layout.
- Ideal Buyer: Best suited for practical buyers—families, first-timers, or retirees—who value space and location over modern finishes, and who appreciate the character of a mature neighborhood.
Frequently Asked Questions
1. How does this home compare to others in the area?
The property stands out for its above-average lot size, ranking higher in Winnipeg (top 17%) than in its immediate community. It offers more living space than about 66% of Winnipeg homes, but its assessed value is moderate for its size and area.
2. What is the significance of the "rankings" provided?
These rankings show how this home compares to others on specific metrics. For example, its lot size is a major competitive strength city-wide, while its building age is newer than about half the homes in Winnipeg, positioning it as a middle-ground option in terms of upkeep and potential updates.
3. Is the finished basement included in the listed living area?
No. The 1,380 sqft living area refers to the above-ground space. The fully finished basement provides additional rooms and living space, which is a significant functional bonus not reflected in the official square footage.
4. What should I consider about a home from 1973?
While the home is well-maintained, a buyer should plan for age-appropriate maintenance. The upside is that homes from this era in established neighborhoods often feature solid construction and larger lot sizes than newer builds. An inspection is advised to understand the condition of major systems.
5. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout or extensive recent renovations. Those wanting a brand-new home, a premium en-suite garage, or a property that ranks at the very top of its immediate street for value may want to look elsewhere.