Property Summary: 709 Fairmont Road, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-sized, single-storey home on a large, mature lot in the Eric Coy neighbourhood. Built in 1972, its primary appeal lies in its generous proportions: the living space of 1,628 sq ft is notably larger than most Winnipeg homes, and the land parcel of over 8,300 sq ft offers significant outdoor space and potential. The home has an unfinished basement, presenting a clear opportunity for future customization and added value.
Its strongest suit is space for the price, offering room to grow that can be hard to find in newer subdivisions. The property rankings reveal a nuanced picture: while its assessed value is modest for the area, it significantly outperforms most of the city in terms of both lot and living space. This suggests a property that is a standout in its physical footprint but may require updates. It would perfectly suit a practical buyer—perhaps a growing family, a hands-on renovator, or a value-focused investor—who prioritizes square footage and land over turn-key finishes and sees the unfinished basement as a project rather than a drawback. The large lot also appeals to those wanting gardening space, privacy, or room for additions like a garage or deck.
Section 2: Frequently Asked Questions
1. What does the "unfinished basement" entail?
It means the basement is a blank canvas with concrete floors and walls, ready for insulation, framing, and finishing to your specifications. It adds significant potential living space but requires a separate investment.
2. How should I interpret the property ranking data?
The rankings compare this home to others. Key takeaways: its lot and living space are very large compared to most of Winnipeg (top 10% and 22%, respectively), but its assessed value is lower than many area homes. This often indicates a solid foundation with room for cosmetic or systemic updates to bring its value in line with its size.
3. Is the lack of a garage a major concern?
For some buyers, yes. However, the substantial lot size means there is ample space to add a garage or a sizable shed in the future, subject to local bylaws and permits. This is a trade-off for the large yard.
4. What are the implications of the home's age (1972)?
Homes of this era often have solid construction but may have original or aging core components. A thorough inspection is advised to assess the condition of the roof, windows, plumbing, and electrical systems to plan for any necessary updates.
5. Who is the ideal buyer for this property?
The ideal buyer values space and potential over immediate move-in perfection. They are comfortable with the idea of personalizing the home over time, starting with the basement, and appreciates the long-term value of a large lot in a mature neighbourhood. It's less suited for someone seeking a fully updated, low-maintenance property.