Property Overview: 885 Fairmont Road
Key Characteristics & Appeal
This is a well-established, 1970-built bi-level home in the Eric Coy neighbourhood, sitting on a large, approximately 8,751 sqft lot. Its key features include a fully finished basement and a detached garage. With 1,014 sqft of living space, it offers a practical layout for everyday living.
The home’s primary appeal lies in its exceptional lot size, which ranks in the top 9% of all properties in Winnipeg, offering significant outdoor space and potential. Combined with an assessed value that places it in the top 38% city-wide, it presents a grounded value proposition. The property suits first-time buyers or downsizers looking for a manageable home with a generous yard in a mature community. It also appeals to value-oriented buyers who see potential in the established structure and the rare commodity of a large urban lot, viewing it as a canvas for future renovation or expansion rather than a turn-key luxury purchase.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg. For example, its lot size ranks better than 91% of Winnipeg homes, making it unusually large. Its assessment value ranks higher than most in the city, but is more moderate within its immediate neighbourhood.
2. Is a bi-level layout suitable for me?
Bi-levels typically feature living areas on one upper level and bedrooms on a lower level, separated by a short staircase. This can offer good separation of space and often makes the finished basement feel more integrated into the home. It's worth considering if you prefer split living areas over a traditional two-story layout.
3. The home was built in 1970. What should I be aware of?
While the systems and structure have been maintained for over 50 years, a pre-purchase inspection is crucial to evaluate the condition of major components like the roof, foundation, plumbing, and electrical, which may be at or beyond their typical service life.
4. How does the detached garage impact daily use?
A detached garage means you won't have direct, interior access from your car to the house. This is a consideration for Winnipeg winters, but it also can mean fewer concerns about fumes or noise entering the living space from the garage.
5. Why is the lot size highlighted as such a key feature?
In mature neighbourhoods, large lots are increasingly rare. This lot size offers uncommon privacy, space for gardening, play, or entertaining, and long-term potential that smaller parcels do not. It's a feature that is very difficult to add later and contributes significantly to the property's enduring value.