649 Fairmont Road

Property Overview: 649 Fairmont Road

Key Characteristics & Buyer Appeal

This is a well-established, single-storey home in Winnipeg's Eric Coy neighbourhood, built in 1964. Its defining and most compelling feature is the exceptionally large, half-acre lot (22,360 sqft), which places it in the top 1% of properties by land size across Winnipeg. The home itself offers 1,160 sqft of living space with a finished basement and a detached garage.

The primary appeal lies in the rare opportunity for significant outdoor space within the city. The vast yard is a blank canvas for gardening, recreation, or future expansion, offering a level of privacy and scope uncommon for most urban lots. While the house is of average size and age for the area, its value is fundamentally anchored in the land. It suits buyers prioritizing land over lavish interiors—those looking for a family home with immense yard potential, or long-term holders who see value in the property's underlying asset. It’s a practical choice for someone comfortable with a home from the 1960s, possibly viewing it as a solid foundation to customize over time, with the lot itself being the main investment.

Frequently Asked Questions

1. What does the "top 1%" ranking for land size actually mean?
It means this property's lot is larger than 99% of all residential lots in Winnipeg, making it a truly rare find for a standard city lot and the home's most significant feature.

2. Is the house in move-in condition?
The listing confirms a finished basement but does not specify the level of updates. Given its 1964 build date, buyers should be prepared for potential updates to mechanical systems, windows, or interior finishes that are typical for a home of this era.

3. What are the implications of a "detached" garage?
A detached garage offers flexibility for use as a workshop or studio separate from the house but means you will need to go outside to access your vehicle, which can be a consideration during Winnipeg winters.

4. How does the assessment value relate to the asking price?
The municipal assessment is $414,000, which is used for calculating property taxes. The final sale price is determined by the market and can be higher or lower than this figure, especially for a unique property like this with such a large lot.

5. What is the neighbourhood like?
Eric Coy is a mature, established community. The high rankings (top 11% in the community) for lot size and overall value suggest it's an area where larger properties are valued and hold their worth well over time.