Property Summary: 655 Fairmont Road, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home built in 1961, offering a unique blend of space and potential. Its most defining feature is the exceptionally large, half-acre lot (21,295 sqft), which places it in the top 1% of all properties in Winnipeg for land size. The home itself is 1,072 sqft with a finished basement and an attached garage.
The primary appeal lies in its extraordinary outdoor canvas. The lot size is rare for the city and provides immense privacy, room for expansion, gardening, or recreation, all within a mature community. While the house ranks average in age and size for its immediate area, its value proposition is the land. It suits buyers looking for a solid, move-in ready bungalow with future potential—whether that's enjoying expansive green space, adding significant additions, or viewing it as a long-term land investment in a settled neighborhood. It’s a property where the true value may be more in what you can do with it over time, rather than just the current structure.
Frequently Asked Questions
1. Is the large lot a maintenance burden or an asset?
It can be both. It offers unparalleled privacy and space but requires more upkeep for lawn care and landscaping. For the right buyer, this is a premium feature; for others, it's a consideration for time or cost.
2. How does the 1961 build year affect the home?
Homes from this era often have solid construction but may have original systems. A thorough inspection is key to understand the condition of the roof, wiring, plumbing, and foundation, and to budget for any modernizations.
3. The home size ranks lower than the lot size. What does that mean?
This indicates the existing house is modest relative to its expansive parcel. It’s ideal for those who prioritize outdoor living space over a large interior footprint, or for those planning a future renovation or expansion to better utilize the property's full potential.
4. What is the significance of the assessment value rankings?
With an assessment ranking higher in Winnipeg (top 34%) than in its own neighborhood (top 66%), it suggests the city's assessment recognizes the value of the large lot. This can be a positive indicator, but market value is ultimately determined by what buyers are willing to pay.
5. Is the finished basement included in the 1,072 sqft living area?
Typically, the listed "living area" refers to above-ground, finished space. The finished basement is an additional asset that provides extra living or storage space but is not usually counted in the official square footage for the main floor.