Property Overview: 260 Fairmont Road, Winnipeg
Key Characteristics & Appeal
This home stands out for its modern foundation and premium valuation in a well-established Winnipeg neighbourhood. Built in 2008, it is a notably newer property compared to most homes on its street and across the city, suggesting contemporary construction and systems. With 1,925 sqft of living space, it offers above-average roominess for the area. The most striking characteristic is its assessed value, which ranks in the elite top 4% on Fairmont Road and top 2% city-wide, indicating it is considered a high-calibre property by municipal assessment standards. This is supported by its strong recent sold prices in 2020 and 2023.
Its appeal lies in this combination of relative newness, generous interior space, and a premium market position. The lot size is average for the local Marlton area but is considered elite city-wide, offering a substantial urban parcel. It would best suit buyers looking for a move-in ready, modern home without sacrificing lot size, and who value a property with a demonstrated track record of strong value retention and growth. It’s a solid choice for professionals or families seeking a established neighbourhood feel without the maintenance concerns of an older home.
Frequently Asked Questions
1. Why is the assessed value so high compared to the city average?
The assessed value of approximately $801,000 places this property in the top 2% city-wide. This premium reflects a combination of its newer age (2008), above-average living area, and its desirability within the Marlton neighbourhood, as confirmed by its recent sale history.
2. How does the lot size compare to nearby properties?
At 11,836 sqft, the lot is around the average for the immediate Fairmont Road area and Marlton neighbourhood. However, compared to the typical Winnipeg lot, it is quite large, ranking in the elite top 4% city-wide.
3. What might the sold price history indicate?
The home sold in the $750k-$800k range in 2023 and the $650k-$700k range in 2020. This consistent high-value performance, well above the average for comparable homes, suggests strong market demand for this specific property and area.
4. Who might this property not be ideal for?
Given its premium price point and substantial lot, it may not suit first-time buyers or those seeking a low-maintenance, small-yard lifestyle. The value is tied to the larger land and modern home size, which comes with corresponding upkeep.
5. How can I get the exact historical sold prices?
The exact sold prices are not publicly displayed online. You can request them directly via the email prompt on the listing page. The service provides the accurate figures manually and does not use your email for unsolicited marketing.