Property Overview
This 1956-built bungalow at 599 Fairmont Road presents a unique proposition. Its primary appeal lies in the exceptional 21,293 sqft lot, a rare find that places it in the top 1% of properties in Winnipeg for land size. The home itself is a modest 845 sqft one-storey with a finished basement and a detached garage. While the interior living space is compact, the property's value is fundamentally anchored in its expansive, private outdoor canvas. It suits a buyer with vision—someone who values long-term land potential over immediate square footage, whether for gardening, future expansion, or simply enjoying unparalleled space in the city.
The property's rankings reveal its character: it competes on land, not on the age or size of the dwelling. It ranks highly within its community for lot size but falls in the lower percentiles for living area and recent sale price. This disconnect highlights its nature as a land-value play. It would perfectly suit a hands-on buyer looking for a starter home with unmatched outdoor potential, an investor seeing long-term redevelopment value, or anyone seeking a tranquil, spacious retreat without leaving city limits.
Key Questions for Buyers
1. What does the "top 1% in Winnipeg for land size" actually mean for me?
It means you are getting a property lot that is significantly larger than almost all others in the city. This offers exceptional privacy, space for extensive gardens, recreational areas, or future projects like a workshop or addition, which are simply not possible on standard lots.
2. The house is smaller and older. What are the main considerations?
The 845 sqft living space is cozy and will require efficient use of rooms and storage. A home from 1956 will likely need updates to mechanical systems, windows, or insulation to improve comfort and energy efficiency. View the house as a solid foundation, with the lot being the key asset.
3. How should I interpret the mixed rankings (e.g., high for land, low for living area)?
This is the essential profile of the property. The rankings confirm you are purchasing for the land, not for a large or modern dwelling. Its value is not in competing with newly-renovated homes, but in offering an opportunity that is increasingly rare: vast, usable space.
4. Is the finished basement a major plus?
Yes, it effectively doubles the usable living space, which is crucial in a home of this size. It provides essential room for a family room, additional bedrooms, or a dedicated workspace, making the overall living experience much more functional.
5. The 2017 sale price seems low compared to the current assessment. What does this indicate?
The 2017 price is a historical data point and reflects the market conditions and property state at that time. The current assessment suggests market recognition of the underlying land value. The true market price will be determined by what buyers are willing to pay today for this unique combination of a modest home on a premier lot.