673 Fairmont Road

Property Summary: 673 Fairmont Road

Key Characteristics & Appeal

This is a well-established 4-level split home built in 1986, situated on a large, approximately 6,900 sqft lot in the Eric Coy neighbourhood. With 1,747 sqft of living space, it offers more room than most Winnipeg homes. Its key features include an unfinished basement—presenting a blank canvas for future expansion—and an attached garage.

The appeal lies in its balance of space, value, and potential. The generous lot size is a significant asset, offering ample outdoor room in a city where larger plots are increasingly rare. While the home itself is not new, its construction year is notably newer than many in its immediate area, offering a relative advantage. The unfinished basement is a double-edged sword; it requires investment to realize its full potential, but it also allows a new owner to customize the space to their exact needs without needing to undo previous work.

This property would suit a practical buyer looking for a family home with room to grow, both inside and out. It’s ideal for someone comfortable with a home that has solid fundamentals but may benefit from updates or personalization over time. The large yard makes it a strong fit for families, pet owners, or anyone who values private outdoor space.

Frequently Asked Questions

1. How does the "unfinished basement" impact value and utility?
It lowers the immediate liveable square footage but adds significant potential value. It allows you to finish the space according to your preferences and budget, potentially adding a recreational room, additional bedrooms, or a rental suite (subject to zoning and permits).

2. The home is 40 years old. What should I be mindful of?
While the rankings show it's newer than many area homes, a key focus should be on the major systems (roof, windows, furnace, plumbing) and whether they are original or have been updated. An inspection is crucial to assess their remaining lifespan.

3. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, being newer than 86% of homes on its street is a strong local advantage, while its lot size ranks in the top 18% city-wide, which is a standout feature.

4. Is the large lot a burden or a benefit?
Primarily a benefit, offering space for gardens, play, or additions. However, it does mean higher maintenance (like lawn care and snow clearing) and potentially slightly higher property taxes compared to homes on smaller lots.

5. Who is the typical buyer in this area?
Eric Coy is a mature, family-oriented neighbourhood. The combination of a larger home on a large lot typically attracts established families, upsizers looking for more space, or buyers seeking a long-term home in a settled community with a mix of younger families and long-term residents.