668 Fairmont Road

Property Overview: 668 Fairmont Road, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained 1976 bungalow in Eric Coy offers a practical and spacious family layout on a large, approximately 7,200 sqft lot. Its key features include a fully finished basement and an attached garage. The appeal lies in its established neighborhood setting and its above-average footprint, providing more interior space (1,315 sqft) and land than many Winnipeg homes. The data suggests a property that has been cared for, with a current assessed value that has appreciated significantly since its 2017 sale.

This home would suit buyers looking for a move-in ready, single-story living option with room to grow, whether that's in the finished basement or the sizable yard. It’s a strong match for first-time buyers stepping into a home larger than the average starter property, or for downsizers seeking single-level convenience without sacrificing space for family visits or hobbies. The rankings indicate it offers more space and a newer build year than most homes in the immediate area, providing a relative value within its own community.

Section 2: Frequently Asked Questions

1. How does the age of the home (built 1976) factor in?
While 50 years old, the home ranks as newer than 65% of properties in Eric Coy, meaning the neighborhood is well-established. Buyers should expect the potential for updates common to homes of this era but can be reassured that major systems have likely been maintained or replaced over time.

2. The lot is large, but how does the house size compare?
At 1,315 sqft, the living area is above average for Winnipeg and the local community. Combined with the finished basement, the total usable space is generous, making the property feel more expansive than the bungalow footprint might suggest.

3. What do the ranking percentages actually mean for value?
They show how this property compares to others in specific areas. Notably, it ranks in the top 16% for lot size city-wide, highlighting a key asset. Its overall assessment value also places it in the top third for Winnipeg, suggesting features and condition that are recognized above the median.

4. The 2017 sale price was $338,000, and the assessment is now $419,000. What does this indicate?
This reflects market-wide appreciation over seven years. It shows the property has kept pace with, or exceeded, general value trends in the area, which is a positive indicator of the neighborhood's stability and the home's maintained condition.

5. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the specific layout, compliance with local codes, and necessary permits with their agent and the city.