Property Overview: 841 Fairmont Road
This well-situated Eric Coy bungalow presents a practical and affordable entry point into Winnipeg’s housing market. Built in 1970, the home sits on a generous 7,200 sqft lot, offering significantly more outdoor space than many modern properties. Its key appeal lies in this balance of a single-level living layout, a finished basement adding functional space, and a large, usable yard—all at a value-conscious price point reflected in its municipal assessment. It ranks highly for lot size within the wider city, indicating a scarcity of similarly sized parcels. The home suits first-time buyers seeking a manageable footprint, downsizers looking for single-storey living without a condo fee, or investors searching for a land-value play with rental potential. Its charm is functional rather than luxurious, appealing to those who see potential in a solid foundation and value private outdoor space over high-end finishes.
Frequently Asked Questions
1. How does the finished basement add value?
It effectively doubles the liveable space to approximately 1,746 sqft, providing crucial room for a family room, home office, or additional bedrooms that the main floor may not offer. This transforms the home from a modest bungalow into a more versatile living space.
2. The rankings show low scores for living area and value. Is this a concern?
These rankings are relative. They confirm this is a smaller, modestly assessed home compared to others in the area, which is directly reflected in its accessible price. For the right buyer, this represents an opportunity to enter a neighborhood at a lower threshold, with the lot size being the standout, less common feature.
3. What are the implications of having no garage?
It requires planning for vehicle parking and storage. The large lot does offer potential for adding a garage or shed in the future, subject to permits, which could be a value-add project for a handy buyer.
4. The home is 56 years old. What should I be prepared for?
While systems and the roof may have been updated, a pre-purchase inspection is essential to understand the condition of major aging components like plumbing, electrical, and the foundation. Budgeting for ongoing maintenance is a standard expectation for a home of this vintage.
5. Who is the typical buyer for this property?
Given its profile, the most likely buyers are pragmatic first-timers prioritizing location and lot over turn-key condition, downsizers seeking a manageable single-level home with a garden, or value-focused investors. It’s less suited for those seeking modern, open-concept layouts or who require ample indoor space on the main floor.