724 Fairmont Road

Property Overview: 724 Fairmont Road, Winnipeg

Key Characteristics & Appeal

This is a classic, two-storey home built in 1930, situated on an exceptionally large, half-acre lot (21,795 sqft) in the Eric Coy neighbourhood. Its primary appeal lies in the rare combination of a character home and vast, private outdoor space within the city. With 1,680 sqft of living space, an unfinished basement, and a detached garage, it offers solid fundamentals. The home’s standout feature is its land: the property ranks in the top 1% in Winnipeg for lot size, offering immense potential for gardening, recreation, or future expansion.

Its appeal is dual in nature. For a buyer seeking a project, it presents a chance to customize a home with great bones on a truly generational lot. For those valuing space and privacy above modern finishes, it offers immediate livability with unmatched outdoor room. It would particularly suit buyers looking for a long-term family home where the yard is as important as the house itself, or visionaries who see the potential in the blank canvas of the unfinished basement and expansive grounds. A thoughtful perspective is that while the home itself ranks average in size and below average in assessed value for its immediate area, the land it sits on is an increasingly scarce commodity, suggesting the property’s long-term value is anchored more in its parcel than its current structure.

Frequently Asked Questions

1. What does the assessment ranking mean?
The assessment value ranks in the lower half for the city, which often reflects the home’s older age and unfinished state rather than the land value. This can indicate a potential property tax advantage relative to the lot size.

2. Is the lot subdividable?
This is a key question given the lot size. Any subdivision would require investigation with the City of Winnipeg’s planning department, as zoning bylaws and easements will determine feasibility.

3. What are the implications of a 1930s build?
Buyers should budget for and inspect era-specific features. This includes the potential for original wiring or plumbing, older windows, and the need for insulation upgrades, balanced by the character and solid construction of the time.

4. Why is the garage noted as "分体车库" (detached garage)?
This confirms the garage is a separate structure. This offers flexibility (e.g., for a workshop) but means dealing with a separate roof, foundation, and access during winter.

5. How significant is the "unfinished basement"?
It provides valuable storage and mechanical space, and offers the opportunity to add living area tailored to a new owner’s needs. However, any development would be a project to budget for, and its condition should be checked for moisture or foundation concerns common to homes of this vintage.