Property Summary: 582 Fairmont Road
Key Characteristics & Appeal
This is a distinctive, one-storey home on an exceptionally large, mature lot in the Eric Coy neighborhood. Its primary appeal lies in the rare combination of a 1940s character home with over 29,000 square feet of land—a private, park-like setting that ranks in the top 1% for size across Winnipeg. The home itself offers 1,365 sqft of living space with a finished basement, presenting a solid foundation. Its rankings reveal a compelling contrast: while the house is older and modest in size for the area, the property's land mass is its overwhelming advantage, offering unparalleled potential and privacy.
This property would perfectly suit a buyer who values space and potential over immediate modern finishes. It’s ideal for someone with a vision for renovations or an addition, where the existing home can be updated while the vast yard accommodates gardens, recreational space, or future outbuildings. It also appeals to those seeking a sense of retreat within the city, where the lot itself provides a unique legacy asset rarely available in today’s market.
Frequently Asked Questions
1. What does the "finished basement" entail?
Given the home's age, the basement finish is likely functional. Prospective buyers should inquire about ceiling height, moisture control, and the quality of the finishes to understand its true suitability as living space or for utilities.
2. How does the age of the home (1946) affect maintenance?
A home of this vintage may have older systems (plumbing, electrical, roof) and materials (like original windows or plaster). While it has enduring character, a thorough inspection is crucial to budget for necessary updates or to understand its current mechanical condition.
3. What are the possibilities for the large lot?
Beyond gardening and privacy, a lot of this size may allow for legal additions, a garage/workshop, or even subdivision, subject to strict city zoning bylaws and regulations. This is a key point for due diligence.
4. The value rankings seem mixed. What's the story?
The data shows a property with two faces: the land is exceptionally valuable (top 1%), while the house itself is older and more modest compared to neighbors. The assessed value reflects this combination, making it a unique value proposition centered on the land.
5. Is the "split garage" detached?
The term typically indicates a detached, two-car garage structure. Buyers should verify its exact condition, size, and utility, as it can be a significant asset for storage, hobbies, or parking on a property of this scale.