656 Fairmont Road

Property Summary: 656 Fairmont Road, Winnipeg

Key Characteristics & Appeal

This is a spacious, well-established two-storey home in the Eric Coy neighbourhood, built in 1995. Its primary appeal lies in its exceptional land size—nearly half an acre (19,956 sqft)—which places it in the top 1% of all properties in Winnipeg for lot size. This offers rare potential for privacy, gardening, expansion, or outdoor recreation within the city. The home itself is above average in size (1,731 sqft living space) and features a finished basement and an attached garage.

The property’s value is underscored by its very high assessed value ($578,000), ranking in the top 10% city-wide. Interestingly, while the house is 31 years old, it is newer than most homes in its immediate area and community, suggesting a mature but not antiquated streetscape. This home would best suit a buyer looking for a long-term family home with a premium on outdoor space over a brand-new build. It’s ideal for someone who values room to grow, appreciates established neighbourhoods with mature landscaping, and has a vision to potentially update the interior over time to match the standout lot.

Frequently Asked Questions

1. How does such a large lot impact costs?
While offering unparalleled space, a lot of this size typically means higher property taxes and potentially increased maintenance (like lawn care or snow clearing) compared to standard city lots. It’s a trade-off for the premium outdoor space.

2. What does the "finished basement" include?
The listing confirms the basement is finished but does not specify the rooms or quality. A viewing is essential to determine if it’s a casual rec room, contains legal bedrooms, or has separate entrance potential.

3. Is the high assessment value close to the asking price?
The assessed value ($578,000) is a strong indicator of municipal valuation for tax purposes, but the final sale price is determined by the market. It provides a credible baseline, but recent comparable sales in the area will be the key comparison.

4. Why are the rankings for "Age" and "Value" so much stronger than for "Living Area"?
This highlights the property’s unique profile: the house itself is comfortably sized but not gigantic. The outstanding rankings are driven by the exceptional, rare lot size and the resulting high property value, making it a land-value play as much as a home.

5. What is the neighbourhood character of Eric Coy?
With the home being newer than 77% of houses in Winnipeg and 88% on its street, it sits in an established, mature area that is not overly old. This often indicates stable ownership, mature trees, and settled communities, but it’s always recommended to visit at different times to gauge traffic and activity.