Property Overview: 583 Fairmont Road

This well-situated bi-level home in Eric Coy offers a compelling blend of space, value, and established community living. Its primary appeal lies in its exceptionally large, private lot—over 21,000 sqft—which ranks in the top 1% for size across Winnipeg. This provides rare potential for gardening, recreation, or future expansion. The home itself features a practical layout with 1,246 sqft of living space and a finished basement, catering to everyday family needs. Built in 1968, it presents a solid value proposition, with an assessed value that places it above 75% of Winnipeg properties, suggesting strong underlying equity.

The property is ideal for buyers seeking a long-term family home with ample outdoor space in a mature neighbourhood. It suits those who value privacy and land size over a brand-new build, and who are comfortable with a home of this era, recognizing it may require personal updates over time. A less obvious appeal is its relative ranking within the immediate street and community; while it stands out city-wide for its lot, it feels integrated and proportionate within its local area, avoiding the "overbuilt" feel of some larger estates.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others in its immediate street, the wider Eric Coy community, and all of Winnipeg. For example, its lot size is in the 99th percentile city-wide (bigger than 99% of homes), but its assessed value ranks in the top 25%, indicating the land contributes significantly to its worth relative to the home's size and age.

2. Is a 1968 bi-level a concern?
Homes from this era are common in Winnipeg and are known for solid construction. The key points to investigate are the condition of major systems (roof, windows, furnace) and any updates that have been made. The finished basement is a positive, but its quality and moisture control should be verified.

3. How can a nearly half-acre lot in the city be utilized?
Beyond a large yard, the lot offers possibilities like installing a substantial garden, adding a detached workshop or studio (subject to bylaws), creating dedicated play areas, or simply enjoying unparalleled privacy and green space for a city property.

4. Who would this property not suit?
It may not suit those seeking a modern, open-concept layout or a turn-key, low-maintenance property. The bi-level style involves split levels, and a home of this age typically requires ongoing upkeep. Buyers prioritizing walkability to dense amenities may prefer a different location.

5. Why is the assessed value higher than the city average?
The assessed value reflects both the home and the land. Here, the exceptionally large lot size is a major driver, increasing its value substantially compared to a standard city lot, even with a modestly sized home.