Property Summary: 612 Fairmont Road, Winnipeg
Key Characteristics & Appeal
This property is a well-established bi-level home on an exceptionally large, half-acre lot in the Eric Coy neighborhood. Built in 1969, the 1,133 sqft home features a finished basement and a detached garage. Its standout feature is the land itself—at 21,764 sqft, the lot size ranks in the top 1% of all properties in Winnipeg, offering rare space and privacy within the city.
The appeal lies in a unique combination of value and potential. While the home's size and age are modest relative to its lot, the high assessment value and competitive rankings suggest a solid foundation in a desirable area. It perfectly suits buyers prioritizing land over a large footprint, such as those seeking room for gardens, recreation, or future expansion. It would also appeal to value-conscious purchasers looking for a home in a mature neighborhood with statistically strong equity positioning, willing to update the interior over time. A less obvious perspective is its appeal to multi-generational families; the vast lot allows for separate outdoor living spaces or the potential for an auxiliary dwelling unit (subject to approvals), a rare find in the city.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics. For example, being in the top 1% for lot size city-wide confirms the land is a truly exceptional asset.
2. Is the house too small for such a large lot?
Not necessarily. For many buyers, the land is the primary asset. The existing home provides comfortable living space, while the lot offers unparalleled outdoor potential that cannot be replicated in newer subdivisions.
3. What is the neighborhood of Eric Coy like?
Eric Coy is a mature, established neighborhood in Winnipeg. The high community ranking for lot size (top 17%) indicates it's an area known for more spacious properties, offering a suburban feel with city convenience.
4. The house was built in 1969. What should I expect?
Buyers should budget for updates consistent with a home of this era, such as windows, roofing, or mechanical systems. The finished basement is a positive, but its condition and compliance with current codes should be verified.
5. Why is the assessed value relatively high compared to the home's age and size?
The assessed value reflects the combined worth of both the building and the land. The exceptionally high value of the lot, due to its size and location, significantly drives the total assessment.