566 Fairmont Road

Property Overview

This property at 566 Fairmont Road is a modern bi-level home built in 2006, situated on an exceptionally large, mature lot of over 33,700 sqft in Winnipeg's Eric Coy neighbourhood. Its primary appeal lies in the rare combination of a spacious, private yard and a contemporary, low-maintenance home. The house itself features a finished basement and a split garage, offering a comfortable 1,016 sqft of living space. The standout characteristic is the land: the lot size ranks in the top 1% across Winnipeg, providing immense outdoor potential. With an assessed value significantly higher than most area homes, it represents a property where the land itself is a major asset.

This home would best suit buyers who prioritize private outdoor space over expansive square footage indoors. It's ideal for those wanting room for gardens, play structures, or future additions, all while living in a relatively new build that requires less immediate upkeep. It also appeals to value-conscious investors or homeowners who understand that land is a scarce commodity, and a lot of this size in the city offers long-term stability and potential.

Frequently Asked Questions

1. How does the lot size compare to a typical property?
The lot is approximately three-quarters of an acre, which is exceptionally large for Winnipeg. For perspective, it surpasses 99% of all residential lots in the city in terms of sheer square footage.

2. Is the home's living space sufficient for a family?
At just over 1,000 sqft, the living space is modest and ranks below average for the local area. The layout and finished basement provide essential rooms, but the property's true "living space" includes the vast yard. It suits families who spend time outdoors or those comfortable with a cozy, efficient interior footprint.

3. What does the high assessment value relative to the neighbourhood indicate?
The assessment, which ranks higher than 83% of area homes, reflects the significant value placed on the land parcel itself by the city assessor, not just the structure. This often points to strong underlying property value and can be a marker of stability.

4. What are the potential uses for such a large yard?
Beyond traditional gardening and recreation, the size offers future flexibility. It could comfortably accommodate a substantial workshop, a sport court, or even a secondary dwelling unit (subject to zoning and permits), making it a unique asset.

5. Are there any drawbacks to a property like this?
The main consideration is balance. While you gain unparalleled outdoor space, the indoor living area is compact. Maintenance of a large lot requires more time or investment in landscaping services. Utility costs and property taxes may also be influenced by the large land size.