Property score
79.1
Good
Overall 79.1 · Larger but older than most nearby homes
1,755 sqft (top 25%) · Built in 1961 (10 yrs older than avg)
Located in a high-income area with median household income of ~120k
Transit 50.0 · 2-min walk to transit with 1 nearby route
Living Area
Above average
19% larger than neighborhood avg.
Year Built
Below average
10 yrs older than neighborhood avg.
Mother tongue
English · 89%French · 1%
Past 10 years Eric Coy sales snapshot (~80% of all data)
243
457.5k
$369/sqft
1971
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79.1 is composed by the two sections below.
Property Score
Community Score
Eric Coy
How to read: Share of sales in each ~$50k price band for “eric coy” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111064
$120K
Median household income
$129K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
19%
Single-person households
38%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
Eric Coy · WPS public data · 2026
Annual incidents
2
2026
vs. city avg
-93%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Other
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 26% | Top 37% | Top 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 720 Fairmont Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighbourhood, sitting on an exceptionally large, half-acre lot (21,803 sqft). Built in 1961, the 1,755 sqft residence features a finished basement and a detached garage. Its standout characteristic is the sheer size and rarity of its land parcel within the city, placing it in the top 1% of all Winnipeg properties for lot size.
The appeal lies in a unique combination of space, location, and value. The massive yard offers unparalleled potential for gardening, recreation, expansion, or simply enjoying private green space—a rarity in urban settings. While the home itself is from the 1960s, it presents a solid foundation with above-average living space for its type. The property’s competitive rankings show it consistently outperforms most homes in its area for lot size, living area, and assessed value, suggesting a strong intrinsic worth.
This property would ideally suit buyers who prioritize land over a turnkey modern home. It’s a compelling opportunity for those seeking a private oasis, hobbyists or gardeners, or visionaries looking for a property with long-term redevelopment potential. It also represents a substantial value for large-lot seekers compared to newer suburban estates, offering established neighbourhood amenities.
Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond the obvious privacy and space, a lot of this size is a finite asset in the city. It offers future flexibility that standard lots do not, such as the potential for legal subdivision (subject to city approval), adding significant auxiliary structures, or simply holding it as a long-term investment in a land-scarce market.
2. Is a 1961 home going to require major updates?
While the home is structurally sound and offers good living space, buyers should budget for modernizing key systems common to homes of this era, such as plumbing, electrical, and insulation. The value proposition here is the land; the house is a functional component that can be improved over time.
3. Who maintains the large yard, and what are the costs?
The half-acre lot requires a significant commitment in time or money for maintenance (mowing, landscaping, snow clearing). This is a key consideration for buyers; the luxury of space comes with ongoing responsibility. Conversely, it allows for creative low-maintenance landscaping like wildflower meadows or orchards.
4. How does the detached garage impact daily use?
A detached garage, especially in Winnipeg winters, is less convenient than an attached one. This is a practical trade-off for the property’s layout and era. It may suit those with workshop needs or who park fewer vehicles indoors, but it’s a factor for daily convenience.
5. The 2022 sale price was lower than the current assessment. Why?
The current assessed value ($488,000) reflects the municipal valuation for taxation, which often lags the market. The 2022 sale price ($445,000) is a concrete market data point. The increase highlights strong market recognition of the property’s key asset—the land—and general market appreciation. The assessment suggests the city also recognizes the parcel’s substantial value.
