Property Overview: 853 Fairmont Road
Key Characteristics & Appeal
This is a spacious, well-established single-family home in Winnipeg's Eric Coy neighborhood, built in 1977. Its primary appeal lies in its exceptional land size—over 21,300 square feet—which places it in the top 1% of all properties in Winnipeg for lot dimensions. The home itself offers 1,757 sqft of living space across one storey, complemented by a finished basement and an attached garage.
The property’s standout feature is its immense, private lot, offering rare potential for expansion, gardening, or outdoor recreation within the city. Its strong rankings across key metrics—consistently in the top quartile for lot size, living area, and assessed value within its immediate area—indicate it is a substantial and above-average offering for the locale. The appeal is one of space, privacy, and established character, rather than modern finishes. It would perfectly suit buyers looking for a long-term family home with room to grow, hobbyists or gardeners who value extensive outdoor space, or investors attracted by a property with fundamental, unchangeable assets (land size, location) that outperform most of the market.
Frequently Asked Questions
1. What does the "top 1% for land size in Winnipeg" ranking actually mean?
It means this property's lot is larger than 99% of all residential properties in the city. This is its most defining characteristic, offering a level of privacy and space that is increasingly rare.
2. The home was built in 1977. What should I expect regarding updates and systems?
While the basement is finished, prospective buyers should budget for potential updates to major aging components common for the era, such as the roof, windows, or mechanical systems. A thorough inspection is advised.
3. How does the assessed value relate to the asking price?
The municipal assessment of $518,000 is a benchmark for property taxes and is typically based on past market data. The listing price will reflect current market conditions, the unique lot size, and any upgrades, and may differ significantly from the assessed value.
4. Is the large lot a benefit for future expansion?
Absolutely. The lot size not only provides immediate outdoor space but also presents a clear opportunity for significant additions, such as a large garage, workshop, or home extension, subject to local zoning and permitting.
5. The rankings show it's in the top 20% of the Eric Coy community for lot size, but top 1% city-wide. Why the difference?
This indicates that Eric Coy itself is a neighborhood known for larger lots, making this property a strong offering even there. Its city-wide ranking highlights that this level of land ownership is exceptional across all of Winnipeg's diverse housing types and neighborhoods.