763 Fairmont Road

Property Overview: 763 Fairmont Road

Key Characteristics & Appeal

This is a classic, well-maintained one-storey home built in 1948, situated on an exceptionally large, mature lot of nearly 14,000 square feet in the Eric Coy neighborhood. Its key features include a fully finished basement and a detached garage. The primary appeal lies in its rare combination of a massive, private yard—a blank canvas for gardening, recreation, or expansion—within the city. The home itself is modest in size at 706 sqft of living space, presenting a solid foundation.

It would ideally suit a first-time buyer, a downsizer, or a hands-on individual looking for an affordable entry into a established neighborhood with the prized asset of land. The value proposition is clear: you are investing significantly in the property itself, with the potential to later renovate or expand the existing structure to match the lot's potential. It’s a property for those who see long-term potential over immediate luxury, offering a chance to build equity both through the land and future improvements.

Frequently Asked Questions

1. Is the house too small for a growing family?
The current living space is compact. However, the fully finished basement provides immediate additional room, and the vast lot size is a major asset, offering clear potential for a future addition to significantly increase the home's footprint.

2. How does the age of the home affect maintenance?
Built in 1948, buyers should budget for age-related upkeep. A thorough inspection is crucial to understand the condition of major systems like plumbing, electrical, and the foundation, which is typical for homes of this vintage.

3. What does the high land ranking but lower living area ranking mean?
The data shows the property's lot size is in the top 3% for Winnipeg, a huge advantage. The living area, however, is smaller than most modern homes. This highlights the property's dynamic: you are purchasing a premium-sized lot with a modest home on it, which is reflected in the assessment value.

4. Is the detached garage a drawback?
A detached garage offers flexibility for use as a workshop or storage separate from the house but is less convenient in winter than an attached one. For some buyers, the separation is a benefit, not a drawback.

5. What is the realistic potential here?
This is not a move-in-ready dream home for everyone. Its true potential is realized by a buyer who values outdoor space immensely and views the house as a solid, livable shell that can be customized and grown into over time, making it a strategic long-term investment.