Property Summary: 560 Fairmont Road, Winnipeg
Section 1: Key Characteristics & Appeal
This is a distinctive, one-storey home in the Eric Coy neighbourhood, built in 1956. Its primary appeal lies in its extraordinary 32,633 sqft lot—a rare, park-like parcel of land that ranks in the top 1% for size across Winnipeg. The property features a finished basement, an in-ground pool, and both attached and detached garage space.
The home suits buyers who prioritize expansive outdoor living and long-term potential over a modern or recently built house. It’s an ideal canvas for those who value privacy, garden space, or future expansion, and who are comfortable with the character and maintenance considerations of a 70-year-old home. While the living space (1,661 sqft) is comfortable and ranks above average, the true value is in the land itself. This property would resonate with multi-generational families, outdoor enthusiasts, or visionary buyers looking for a unique retreat within the city, where the yard is the central feature rather than an afterthought.
Section 2: Frequently Asked Questions
1. What is the true draw of this property?
While the home itself is a solid, mid-century bungalow, the unparalleled draw is the land. The lot size is exceptionally rare for Winnipeg, offering a level of privacy, space for recreation (like the existing pool), and future possibilities that are almost impossible to find on the market today.
2. What should I consider about the home's age?
Built in 1956, the home's systems, roof, and structure will require a thorough inspection. While it presents classic charm, a buyer should be prepared for updates and maintenance consistent with its era. Its age ranks it older than most homes in the immediate area and community.
3. How does the assessment value relate to the asking price?
The municipal assessment is $529,000, which ranks in the top 20% for the community. This typically reflects the value of the land and improvements for tax purposes. The listing price will be set by the market, but the high assessment underscores the significant value placed on the property, primarily due to the lot.
4. Is the pool a benefit or a burden?
This depends on the buyer. It's a great amenity for family living and entertaining during Winnipeg's short summer. However, it requires seasonal maintenance, carries ongoing costs, and influences insurance. For the right buyer, it complements the resort-like feel of the large yard.
5. What does the sales history indicate?
The home last sold in September 2016 for $370,000. The significant increase in its assessed value since then likely reflects strong market appreciation and the increasing rarity of such large urban lots. It suggests the property has been a solid long-term holding.