Property Overview: 840 Fairmont Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1971. Its most defining feature is the exceptionally large, half-acre lot (21,807 sqft), which places it in the top 1% of properties in Winnipeg for land size. The home itself offers 1,320 sqft of living space with a finished basement and a detached garage. While the house is of average size for the area, its true value lies in the land and location. The property ranks highly across the board for lot size, and its assessed value is notably strong, surpassing 78% of Winnipeg homes.
The appeal here is multifaceted. For buyers seeking space and privacy within the city, the expansive lot is a rare find, offering immense potential for gardening, recreation, or future expansion. The home suits practical buyers who value a solid, move-in-ready foundation with a finished basement for extra living space. It would particularly attract long-term planners who see the underlying land value, families wanting a large backyard, or those looking for a peaceful, grounded setting without leaving Winnipeg’s limits. A less obvious perspective is its appeal to value-conscious buyers: the high assessment ranking suggests the property is a substantial asset in its own right, often a sign of stability and enduring appeal in a neighbourhood.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, the wider Eric Coy community, and all of Winnipeg. For example, being in the top 1% for lot size city-wide highlights just how rare and sizable the parcel is.
2. Is the house outdated, given it was built in 1971?
The home is over 50 years old, so some systems may be original. However, it presents as a maintained, functional property with a finished basement. The value proposition leans more toward the land and location, with the house serving as a liveable canvas that buyers can update over time.
3. Who would benefit most from such a large lot?
Beyond gardeners and families, this lot is ideal for anyone needing space for hobbies, workshops, or multiple vehicles. It also offers a unique sense of privacy and room to breathe that’s hard to find on standard city lots.
4. How does a detached garage impact daily use?
A detached garage is common for homes of this era. It provides excellent storage or workshop space but requires going outdoors to access your vehicle, a trade-off for the separation of living and utility spaces.
5. Why is the assessed value notably higher than many Winnipeg homes?
The high assessment (surpassing 78% of the city) is primarily driven by the desirable lot size and the home’s condition and features. It reflects the property’s significant market value as determined by municipal assessors.