Property Overview & Key Characteristics
This bi-level home at 741 Fairmont Road is a modern, spacious property built just one year ago. Its primary appeal lies in its combination of a large, nearly 10,500 sqft lot and a brand-new, low-maintenance build. The home features 1,460 sqft of living space, an unfinished basement offering potential for future customization, and an attached garage. The property’s standout feature is its exceptional ranking across Winnipeg for its newness and assessed value, placing it in the top 5-6% of the city. It also boasts a very competitive position within its own street and neighborhood for size and value.
The home would suit buyers seeking a move-in-ready, contemporary build on a substantial lot—a rare pairing in many areas. It’s ideal for those who want the benefits of a new construction (modern standards, efficiency, minimal immediate repairs) without sacrificing outdoor space. The unfinished basement makes it a strong fit for growing families or DIY enthusiasts who want to tailor additional living space to their specific needs over time.
Frequently Asked Questions
Q: How does the "ranking" system work?
A: The rankings compare this property against others on the same street, in the Eric Coy neighborhood, and across all of Winnipeg. For example, being newer than 100% of homes in the community means it's the newest listing in that comparison pool. It's a quick way to gauge its relative standing in key metrics.
Q: What are the pros and cons of an unfinished basement?
A: The major pro is the opportunity to design and finish the space exactly to your liking, potentially increasing the home's value on your own terms. The con is the upfront cost and effort required to make it a livable area, which is an important factor in your initial budget planning.
Q: The lot is large, but what’s the neighborhood like?
A: The Eric Coy area generally offers a suburban feel with good access to amenities. The specific street ranking shows the property surpasses 75% of others on Fairmont Road for lot size, suggesting it's on one of the more spacious streets in the community.
Q: Is the assessed value a reliable indicator of the selling price?
A: The assessed value is for municipal tax purposes and is a strong data point, showing the home is valued highly relative to the market. However, the final sale price is determined by current market conditions, buyer demand, and the specific features of the home.
Q: What does the "bi-level" design typically mean for living?
A: A bi-level home usually has living areas split across two main levels, often with a short staircase from the entryway. This can create a distinct separation between social and private spaces. It's efficient but may involve more stairs than a bungalow, which is worth considering for accessibility.