590 Fairmont Road

Property Overview

This is a distinctive, single-storey home in Winnipeg's Eric Coy neighbourhood, built in 1970. Its primary appeal lies in its exceptionally large, half-acre lot (21,760 sqft), which places it in the top 1% of properties in Winnipeg for land size. The home itself offers 1,195 sqft of living space with a finished basement and a split garage. While the house is of average size for the area and is over 50 years old, the property's standout feature is the immense private outdoor space it provides, a rarity within the city. It would best suit buyers who prioritize land over square footage—such as those wanting extensive gardens, room for hobbies or workshops, or simply a private, park-like setting. It's also a practical option for someone looking for a solid, no-frills home with significant future potential, whether for expansion or redevelopment, given the lot's value.

Frequently Asked Questions

1. How does the age of the home affect its condition?
Built in 1970, the home is over five decades old. Prospective buyers should prioritize a thorough inspection to understand the state of major systems like roof, plumbing, and electrical, which may be due for updates or replacement.

2. What are the advantages and considerations of such a large lot?
The half-acre lot offers unparalleled privacy and space for activities, gardens, or future additions like a shed or patio. Considerations include the higher maintenance (lawn care, snow clearing) and corresponding utility costs compared to a standard city lot.

3. The home's interior size ranks lower than the lot size. What does this mean?
This indicates the existing house utilizes only a portion of the available land. For some, this is a chance to customize and expand. For others, it means living in a modestly sized home while enjoying massive outdoor "rooms."

4. What does the high city-wide assessment ranking (top 26%) signify?
With an assessed value of $447,000, the property is valued higher than 74% of Winnipeg homes. This strongly reflects the premium value of the land itself, not just the structure, and suggests a stable property tax base.

5. Is the finished basement included in the listed living area?
No, the 1,195 sqft living area refers to the above-ground footprint. The finished basement provides additional, flexible space that is not counted in that official square footage, effectively increasing the usable area of the home.