690 Fairmont Road

Property Overview

This 1979-built, one-storey home on a large 9,068 sqft lot in Eric Coy offers a practical and spacious family layout. Its key appeal lies in the combination of a fully finished basement, a generous and private yard, and a layout that provides single-level living convenience. With 1,360 sqft of living space, it ranks above average in size for its immediate area. The property’s standout characteristic is its land size, which places it in the top 8% of all lots in Winnipeg, offering significant outdoor space and potential. It suits buyers looking for a move-in-ready home with room to grow, garden, or entertain, particularly those who prefer having all primary living areas on one floor or value a large lot over a brand-new build.

The home’s competitive positioning is less obvious but notable in its assessments: it consistently ranks in the top third of its neighborhood and city for lot size, assessed value, and building age, suggesting a well-regarded and established property within its market segment. It would especially suit a practical buyer who values space and stability over brand-new finishes, or a family seeking a balance of indoor and outdoor living room in a mature community.

Frequently Asked Questions

1. What does the "fully finished basement" include?
The listing confirms a finished basement, which typically adds significant livable space for recreation, guests, or a home office. Specifics on rooms, ceiling height, and finishes should be verified by a viewing or with the listing agent.

2. How does the 47-year-old building age affect the home?
Built in 1979, the home is older but ranks newer than 74% of houses in its community, indicating a well-maintained property in an established area. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems like roof, windows, and plumbing, which may be due for updates or replacement.

3. What is the significance of the lot size rankings?
The lot is exceptionally large, surpassing 92% of properties in Winnipeg. This means more privacy, yard space for activities or gardening, and potentially more future flexibility than typical city lots, which is a major asset.

4. Who is the typical buyer in this area?
The Eric Coy neighborhood, with its mix of home ages and large lots, often attracts families and long-term residents seeking community stability. This home, with its single-storey layout, could also appeal to those looking to age in place.

5. The assessed value is $492,000. How should I interpret this?
The assessment is for municipal tax purposes and places the home in the top 19% city-wide for value. It is a data point, but the final sale price is determined by the current market, condition, and buyer demand. It’s a strong indicator of the property’s established worth to the city.