781 Fairmont Road

Property Overview & Key Characteristics

This 1959-built, one-storey home sits on a large, approximately 9,300 sqft lot in the Eric Coy neighbourhood. Its key appeal lies in the combination of a spacious, private yard and a practical, fully finished basement, offering more usable space than the 1,050 sqft main floor suggests. While the home itself is of a vintage that may require updates, its value proposition is grounded in its land size and established community setting. The rankings indicate it outperforms most Winnipeg homes in lot size (top 8%) but is more average in terms of assessed value and living area, positioning it as a solid, land-centric opportunity rather than a luxury offering.

This property would suit a buyer looking for a starter home or a downsizer who prioritizes outdoor space and a quiet street over a modern, turn-key interior. It’s ideal for someone with a vision for gradual updates or who values the character and generous lot size typical of older neighbourhoods. A less obvious perspective is its potential for a buyer interested in long-term value through land ownership, where the existing house serves a functional purpose while the lot itself represents the core asset.

Frequently Asked Questions

1. What does the "fully finished basement" include?
The listing confirms a finished basement, which adds significant livable space to the home. Prospective buyers should verify the finish quality, ceiling height, and any moisture control measures during a viewing, as these are common considerations in homes of this era.

2. How does the large lot size benefit me?
Beyond simple privacy, a lot of this size (over 9,000 sqft) offers ample room for gardening, recreation, and outdoor living. It also provides flexibility for future additions like a shed, deck, or even a garage expansion, subject to local bylaws.

3. The home was built in 1959. What should I be aware of?
While offering charm and established landscaping, homes from this period may have original electrical, plumbing, or insulation systems. A thorough home inspection is highly recommended to understand the condition and plan for any necessary updates or maintenance.

4. The rankings show high marks for lot size but lower ones for value. What does this mean?
This suggests the property's assessed value is driven significantly by its desirable land size rather than the current state or size of the dwelling itself. It can indicate an opportunity to add value through thoughtful renovations to the home.

5. Is the neighbourhood family-friendly?
Located in the established Eric Coy area, the property is in a quiet, residential setting. The rankings show it's on a street with similarly sized homes, suggesting a stable, mature community. Researching local schools and amenities would provide a complete picture for family needs.