700 Fairmont Road

Property Overview: 700 Fairmont Road, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-story home on an exceptionally large, mature lot in the Eric Coy neighborhood. Built in 1970, its primary appeal lies in its generous 16,336 sqft land parcel, which ranks within the top 2% of all properties in Winnipeg for size. The home itself offers 1,353 sqft of living space with a finished basement and an attached garage. While the house is of average size for the area, its standout feature is the significant outdoor space, offering rare potential for expansion, gardening, or recreation within the city. The property’s overall assessed value ranks highly, placing it above 80% of Winnipeg homes, indicating a solid and desirable asset.

This home would best suit buyers who prioritize land over square footage. It’s ideal for those seeking a quiet, established community and who envision creating their own outdoor oasis, adding a major addition, or simply enjoying the privacy a large lot affords. It appeals to a practical buyer who sees the inherent long-term value in the land itself, possibly more than in the original structure.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the "top 2%" for land size means only 2% of Winnipeg properties have a larger lot. It’s a quick way to see how this home stacks up in key metrics.

2. Is the large lot usable, or is it challenging?
The lot is a major asset but requires consideration. It offers fantastic potential, but maintaining such a large yard requires more time or investment in landscaping equipment. Its size could be perfect for a future workshop, pool, or extensive garden.

3. Given the home's age, what should I be prepared for?
Built in 1970, the core systems (roof, plumbing, electrical, furnace) may be at or beyond their typical lifespan. A thorough inspection is essential to budget for potential updates, though the house has clearly been maintained given its strong assessed value.

4. How does the finished basement add value?
It effectively increases the usable living space beyond the 1,353 sqft main floor, likely providing extra bedrooms, a family room, or storage. It’s important to check the quality of the finish, ceiling height, and moisture control.

5. The home ranks higher for land than for living space. What does that signal?
This suggests the property's value is significantly tied to the land. For the right buyer, this is an opportunity: you are acquiring a premium lot with a functional home on it. The future potential for renovation or expansion is a key part of its appeal.