Property Summary: 730 Fairmont Road
Section 1: Key Characteristics & Appeal
This property is defined by its substantial, half-acre lot—a rare find in Winnipeg that places it in the top 1% for land size city-wide. The house itself is a classic two-storey with a finished basement, offering functional living space. Its primary appeal lies in the exceptional outdoor potential of its large, private grounds, ideal for gardening, recreation, or future expansion. The home suits buyers who value land over lavish interiors—a handyperson, a family seeking space for children and pets, or a visionary looking for a long-term project. A less obvious perspective is its value as a "legacy lot"; in a market of shrinking parcels, this much land offers enduring privacy and options that newer subdivisions simply cannot match. Buyers should be prepared for the realities of a 1914-built home, where charm and character come with the responsibility of ongoing maintenance and potential updates.
Section 2: Frequently Asked Questions
1. What does the "top 1% for land size" ranking actually mean?
It means the property's 21,796 sqft lot is larger than 99% of all residential lots in Winnipeg, offering an unusually high amount of private outdoor space.
2. The house was built in 1914. What should I be concerned about?
While systems may have been updated, prospective buyers should budget for and investigate the condition of foundational elements typical of older homes, such as the roof, plumbing, electrical wiring, and insulation, to understand any needed investments.
3. The assessed value and 2022 sale price are very close. What does that indicate?
This suggests the market value has been relatively stable in the recent past and that the current assessment aligns closely with a recent transaction, providing a clear benchmark.
4. The living space is modest relative to the lot size. Can the house be expanded?
The expansive lot certainly provides the physical space for potential additions or outbuildings (subject to zoning bylaws and permits), making it a strong candidate for customization.
5. The rankings show the home is older than most in its area. Is that a downside?
It depends on your priorities. While it may mean more maintenance compared to a new build, it also often means established neighborhoods, mature trees, and architectural character not found in newer homes. It ranks very high for land, which can offset a lower ranking for building age.