571 Fairmont Road

Property Summary: 571 Fairmont Road

Key Characteristics & Appeal

This is a modern, two-storey home built in 2024, offering a turnkey living experience in Winnipeg's Eric Coy neighbourhood. Its primary appeal lies in its combination of new construction, significant scale, and a large private lot. With over 3,400 square feet of finished living space, a fully developed basement, and an attached garage, it provides ample room for family living and entertaining. The property stands out statistically, ranking in the top 1% of Winnipeg homes for its lot size (nearly 25,000 sqft), newness, living area, and assessed value. This suggests a premium property that is exceptionally spacious, contemporary, and positioned in the upper tier of the market.

The home is ideally suited for buyers seeking a move-in-ready, large family home without the wait or uncertainties of new construction. It would particularly appeal to those who value both modern amenities and generous outdoor space—a rarer find in newer builds. The stellar rankings indicate it’s a property for buyers looking for a long-term home with strong foundational metrics, likely prioritizing space, modern design, and a established yet premium community setting.

Frequently Asked Questions

1. What does the "top 1%" ranking actually mean for a buyer?
It quantifies the property's standout features relative to the market. For example, being newer than 100% of comparable homes means minimal immediate maintenance concerns, while a lot size in the 99th percentile guarantees exceptional outdoor privacy and potential, which is difficult to replicate.

2. Given it's only two years old, what might the builder's warranty situation be?
A 2024 build likely means some original builder warranties on major components (e.g., structure, envelope) may still be transferable to a new owner. This should be a key verification point during the purchase process.

3. The assessed value is listed at $1.232M. How should a buyer interpret this?
Municipal assessments are for tax purposes and often lag behind market value. However, an assessment this high, especially ranking in the top tier, strongly indicates the city views this as a premium property, which is a data point to consider alongside a current market appraisal.

4. Are there any potential downsides to such a new home in an established area?
While the home itself is new, the neighbourhood character is established. This can be a positive, but buyers should consider if the home's modern style fits the surrounding streetscape and inquire about any future development plans on nearby lots that could affect views or privacy.

5. What is the likely utility cost profile for a home of this size and age?
While newer construction typically means better insulation and energy efficiency, the sheer size (over 3,400 sqft) means absolute heating, cooling, and property tax costs will be substantial. Budgeting for the operational costs of a large, premium home is an important consideration.