752 Fairmont Road

Property Overview & Key Characteristics

This is a classic 1960s one-storey home on an exceptionally large, half-acre lot in Winnipeg's Eric Coy neighbourhood. Its primary appeal lies in the rare combination of a very sizable, blank-canvas yard and a solid, uncomplicated house. With 1,170 sqft of living space, an unfinished basement, and a split garage, it presents a straightforward layout ideal for expansion or customization.

The property's standout feature is its land. At nearly 22,000 sqft, the lot size ranks in the top 1% for Winnipeg, offering unparalleled privacy and potential for gardening, recreation, or future additions. While the home itself is modest in size and style for the area, its value is anchored in this expansive parcel. It recently sold for exactly its assessed value, suggesting a stable, market-supported price.

This home would best suit a buyer with a vision for the long term. It's a strong match for a hands-on owner looking to gradually renovate and finish the basement to add square footage, or for someone who prioritizes expansive outdoor space over a turnkey, modern interior. It also represents a rare entry point into a neighbourhood where most properties sit on smaller lots.

Frequently Asked Questions

1. What does the "unfinished basement" entail?
It is a full basement awaiting development. It provides significant potential to add living space, such as additional bedrooms, a family room, or a workshop, but requires a full build-out including framing, insulation, flooring, and finishing.

2. How does the lot size compare to typical properties?
It is exceptionally large. The data shows it surpasses 99% of all residential lots in Winnipeg, meaning it is genuinely one of the largest properties available, offering a level of space and privacy that is very uncommon in the city.

3. The home ranks lower for "newness" in the area. Is this a concern?
This indicates the home is older than many in Eric Coy. It's not a structural concern in itself, but it does mean buyers should budget for updates consistent with a 1960s build (e.g., roof, windows, mechanical systems) and appreciate its classic, simple layout rather than expecting contemporary finishes.

4. What is the significance of the recent sale price matching the assessment?
This typically indicates the property's market value is aligned with municipal assessment, suggesting a stable and transparent valuation without a significant premium or discount, which can provide confidence in the price paid.

5. Who might this property not suit?
It may not suit buyers seeking a move-in-ready home with modern, low-maintenance finishes. The value here is in the land and the potential of the structure, requiring a willingness to invest time or capital into customization. Those prioritizing immediate convenience or a fully updated interior may find better options on smaller lots.