681 Fairmont Road

Property Overview & Key Characteristics

This 1970-built, one-storey home in Eric Coy sits on a generous, nearly 9,000 sqft lot, offering a rare combination of space and established character. Its primary appeal lies in its substantial, private yard—a standout feature in the city—and a practical, fully finished basement that expands the living area beyond the 1,077 sqft main floor. The home’s value proposition is underscored by its strong city-wide rankings: it outperforms 92% of Winnipeg homes for lot size and 73% for assessed value, indicating a property with above-average asset value and outdoor potential.

The home would best suit a buyer looking for a solid, no-fuss bungalow with immediate move-in readiness and a focus on outdoor living over extensive interior square footage. It’s ideal for those who prioritize land for gardening, recreation, or future projects, and who appreciate the stability of a home that has seen significant equity growth, as evidenced by its sale history. It’s a practical choice for downsizers, small families, or investors seeking a property with a strong foundational value in a mature neighbourhood.

Frequently Asked Questions

1. How does the home’s age impact its condition and costs?
Built in 1970, the home is well into its lifecycle. While the finished basement adds value, prospective buyers should budget for updates to major aging components like the roof, windows, or HVAC system, which are common for homes of this era.

2. The lot is large, but how is its shape and usability?
At nearly 9,000 sqft, the lot size is a major asset. It’s worth investigating the exact dimensions and topography to understand its potential for gardening, additions, or accessory structures, as lot shape can affect usability.

3. Why is the community ranking lower than the city-wide ranking?
The home ranks in the top 8% city-wide for lot size but only top 66% within Eric Coy. This suggests the neighbourhood itself features many similarly large or even larger lots, so while the yard is excellent by city standards, it may be more typical for the immediate area.

4. What does the sale history indicate about the property’s market?
The price increased from $222,000 in 2018 to $428,000 in 2020, reflecting strong past appreciation. This history sets a benchmark, and buyers should assess if recent upgrades or market conditions justify further growth from the current assessment.

5. Is the split garage a detached or attached structure?
The listing specifies a "split garage." This typically means a side-by-side, detached double garage. Confirming its condition, size, and whether it includes power is advisable for those needing vehicle storage or workshop space.