638 Fairmont Road

Property Overview

This 1972-built, one-storey home in Winnipeg's Eric Coy neighbourhood presents a unique proposition centered on its exceptional land. Sitting on over half an acre (23,582 sqft), the property ranks in the top 1% for lot size across the entire city, offering a rare level of space and privacy uncommon in an urban setting. The 1,302 sqft house features a finished basement and an attached garage. Its appeal lies not in being a modern showcase, but in providing a solid, blank-canvas opportunity on a truly premium parcel of land. The recent assessed value suggests significant appreciation since its 2019 sale.

This home would best suit a buyer who prioritizes outdoor space and long-term potential over immediate turn-key perfection. It’s ideal for someone with renovation or expansion plans, a growing family desiring room for play and gardens, or a buyer seeking an investment in land value. The rankings indicate it’s a larger, more valuable property than most in Winnipeg, yet the house itself is modest relative to its lot, highlighting where the true value lies.

Frequently Asked Questions

1. What does the "top 1% for lot size" ranking actually mean?
It means this property's land area is larger than 99% of all residential properties in Winnipeg. In practical terms, you are getting a uniquely large, private yard that is extremely difficult to find within the city.

2. The house was built in 1972. What should I be aware of?
While systems like roofing, windows, and plumbing may have been updated, a home of this age will likely require ongoing maintenance or modernizations. A thorough inspection is essential to understand the condition of major components and to inform any renovation plans.

3. Why is the assessed value so much higher than the 2019 sale price?
The increase reflects strong market appreciation over the past five years, particularly for properties with desirable characteristics like very large lots. The assessed value also indicates the city's view of its current market value relative to comparable properties.

4. Is the finished basement included in the 1,302 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement is an additional area, adding functional space such as a rec room or extra bedrooms, but it is not counted in the official square footage figure provided.

5. Who would this property NOT be suitable for?
It may not suit buyers seeking a low-maintenance, modern home ready for immediate move-in without any work. The appeal is heavily weighted toward the land, so those unwilling to consider future updates to the house itself or who don't value extensive outdoor space may not see its full potential.