Property Overview: 239 Fairmont Road, Winnipeg
Key Characteristics & Appeal
This 1952-built home in Marlton presents a practical opportunity centered on its generous, city-wide standout lot. With 1,085 sqft of living space on an 11,104 sqft parcel, the house itself is modest and older compared to immediate neighbors, but the property's true distinction is its land size, which ranks in the top 4% across Winnipeg. This creates a clear value proposition: you are investing primarily in location and land potential rather than a recently updated or spacious interior.
The appeal lies in its solid baseline—evidenced by stable sold prices in the $400k-$450k range in 2022 and 2024—coupled with the future flexibility offered by such a large lot in the city. It suits a specific type of buyer: those comfortable with a home that may require updates, or who see value in outdoor space for gardening, expansion, or long-term redevelopment. It’s a grounded choice for a hands-on buyer, an investor eyeing land value, or someone seeking a quieter, more spacious setting within Winnipeg without venturing to the newest suburbs.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its 1952 construction date, which is older than most on its street and in Marlton, buyers should budget for updates. The systems, roof, and interior likely reflect its age, so an inspection is essential to prioritize needs.
2. Why is the lot size considered "Elite" city-wide?
The lot is over 11,000 sqft, which is significantly larger than the Winnipeg average of about 6,570 sqft. This is uncommon within the city and is the property's most notable statistical feature.
3. How does the assessed value compare?
At $384,000, the assessment is around average for both Marlton and Winnipeg overall. This suggests the property is valued in line with broader market conditions, with the lot size likely balancing the older, smaller home.
4. What does the sold price history indicate?
The home sold in the $400k-$450k range in both 2022 and 2024. This price consistency, through varying market conditions, indicates a stable perceived market value for the property as-is.
5. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home or those prioritizing above-average interior square footage. The value here is more about the land and location than current finishes or spacious living areas.