Property Overview: 721 Fairmont Road, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established two-storey home in Eric Coy sits on a large, approximately 9,600 sqft lot, offering a notable sense of space and privacy for the area. Built in 1972, the 1,840 sqft residence features a finished basement and an attached garage. Its standout characteristic is its strong relative performance in key metrics: it ranks within the top 14% of Winnipeg homes for living space and sits on a lot size that surpasses 93% of city properties. This combination of a spacious interior on a very generous parcel is its core appeal.
The home suits buyers looking for a solid, roomy property in a mature neighbourhood without the premium of a brand-new build. It’s ideal for those who value a large yard for family, gardening, or future expansion over a recently constructed home. A thoughtful perspective is that while the house itself is from the early 70s, its above-average rankings for size and lot suggest it was a premium offering in its time and continues to offer a footprint that is increasingly rare. The 2019 sale price provides a clear, recent benchmark for value assessment, showing steady market recognition.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
The home is in the Eric Coy area of Winnipeg. The provided rankings show it performs well within its specific community for lot and living space, suggesting it's among the larger properties in the area.
2. How updated is the home?
The listing confirms a finished basement but does not specify recent renovations to kitchens, bathrooms, or systems. The build year is 1972, so prospective buyers should inquire about the age of major components like the roof, windows, and HVAC.
3. Is the price fair based on its value?
The municipal assessment is $468,000. With a last sale at $410,000 in late 2019, the assessment reflects current municipal valuation, but the market price will be determined by present conditions, recent comparable sales, and the home's interior condition.
4. What are the property taxes?
Property taxes are not listed here. They can be estimated using the City of Winnipeg's tax rate and the assessed value of $468,000, but the exact annual amount should be verified.
5. How does this lot size compare practically?
At nearly 9,600 sqft, the lot is significantly larger than average for Winnipeg. This offers ample backyard space, potential for landscaping projects, room for a shed or play structure, and possibly even future additions, subject to zoning bylaws.