662 Fairmont Road

Property Overview

This 1966-built, one-storey home on Fairmont Road offers a classic, grounded living experience in Winnipeg's Eric Coy neighborhood. Its primary appeal lies in the combination of a very generous, mature lot and a functional, updated layout. With nearly 11,000 square feet of land, the property provides exceptional outdoor space—a rarity that offers privacy, room for gardening, and ample potential for expansion or recreation. The home itself features a fully finished basement, adding valuable living space to the 1,196 sqft main floor. Its competitive rankings, particularly placing in the top 5% of Winnipeg for lot size and the top 38% for assessed value, indicate a property that offers solid fundamentals for the price. This home would best suit practical buyers who value space over flash, such as first-time homeowners looking for a long-term foundation, downsizers seeking single-level living with room for hobbies, or investors attracted by the inherent value of the large lot in a stable community.

Key Questions for Consideration

1. What is the true value of such a large lot? Beyond the obvious privacy and space, a lot of this size is a long-term asset. It provides flexibility for future additions like a garage workshop, a larger deck, or even a secondary suite (subject to zoning), which smaller parcels simply cannot accommodate.

2. How does the 60-year age of the home factor in? While the finished basement suggests updates, a home from this era may have original major systems (like plumbing, electrical, or the roof). A pre-purchase inspection is crucial to understand the condition and timeline for any necessary modernizations versus cosmetic updates.

3. What does the "top 5% for lot size" ranking mean for daily life? This statistic translates to significant outdoor upkeep. Buyers should be realistically prepared for the time and cost associated with maintaining a property of this scale, from lawn care to landscaping.

4. The home ranks higher city-wide than in its own neighborhood. What does this indicate? This pattern suggests the property is a standout in its immediate area, likely due to the lot size. It implies you are buying a "best-in-class" asset on the street, which can be advantageous for stability, but it's wise to research community development plans to understand future context.

5. Is the layout suitable for modern living? As a one-storey home with a finished basement, the flow and room sizes may reflect its 1960s design. Consider if the layout works for your household's dynamics and whether the basement finish is a comfortable living space or a more basic recreation room.