753 Fairmont Road

Property Overview: 753 Fairmont Road

This well-situated bi-level home in Eric Coy offers a practical and private living environment on a large, mature lot. Its key appeal lies in the combination of a spacious, usable yard and a home that has been maintained and updated over time. The fully finished basement adds valuable living space, making the total functional area greater than the main floor square footage suggests. The recent sale price aligns closely with the city's assessment, indicating a stable market value.

The property is ideal for first-time buyers or downsizers seeking a manageable home with room to garden or enjoy outdoor space without excessive maintenance. It would also suit a handy buyer who appreciates the good bones of a 1960s build and might see potential in personalizing it over time. The rankings provided show its greatest strength is the lot size, which is in the top 10% city-wide, offering a rare level of privacy and space for the area. While the living area is modest, the finished basement effectively addresses this.

Key Considerations & FAQs

1. What is the actual living space like, considering it's a bi-level with a finished basement?
   The listed 912 sqft refers to the above-grade living area. The fully finished basement significantly expands the usable space, likely containing additional rooms, a family area, or utilities. Viewing the floor plan or visiting in person is essential to understand the full layout and flow.

2. The home was built in 1962. What should I be aware of?
   While systems like roof, windows, or furnace may have been updated over the years, a thorough inspection is recommended to assess the condition of original components like plumbing and electrical, which may be approaching or beyond their typical lifespan.

3. How does the lot size impact the property?
   The 8,418 sqft lot is a major asset, placing it in the 90th percentile for Winnipeg. This means extensive outdoor space, potential for gardening, additions like a shed or deck, and greater distance from neighbors compared to typical modern lots.

4. The rankings show mixed results for location. What's the neighborhood like?
   The rankings are statistical comparisons of house metrics. The property ranks highly for lot size but lower for recent sale price within its immediate community. This suggests the area offers good value, where you get more land for your dollar compared to newer subdivisions. Researching the specific street and community amenities would provide a clearer sense of fit.

5. Why is there a sale recorded so recently in 2024?
   The April 2024 sale at $390,000 represents the current market transaction for this property. It provides a concrete, recent benchmark for its value, which is very close to the city's assessment, suggesting the price is fair and in line with official valuations.