804 Fairmont Road

Property Summary: 804 Fairmont Road, Winnipeg

Key Characteristics & Appeal

This is a classic 1960s three-level split home in the Eric Coy neighbourhood, sitting on an exceptionally large, mature lot of over 32,700 sqft—a rare find within the city. The property’s primary appeal lies in its land, ranking in the top 1% of Winnipeg for lot size, offering immense potential for gardening, recreation, or future expansion. With 1,356 sqft of living space and an unfinished basement, the house itself is a functional canvas. Its rankings suggest it is a solid, average-sized home for the area on a truly standout parcel of land. The property suits two distinct buyer types: those seeking a long-term family home with unparalleled outdoor space in a established community, and value-driven buyers or builders who see the ultimate potential in the lot itself, possibly for a future custom build or significant renovation.

Frequently Asked Questions

1. What does the lot size actually allow for?
At nearly 3/4 of an acre, the lot is significantly larger than typical city properties. This allows for features not usually possible, such as a sprawling garden, sport court, extensive play area, or the potential for adding substantial outbuildings (subject to city bylaws).

2. The house is older—what should I budget for immediately?
Built in 1960, major systems like roof, windows, plumbing, and electrical may be at or beyond their typical lifespan. A thorough inspection is crucial, and budgeting for updates to these core components should be a primary financial consideration.

3. Who is the "value-driven" or builder buyer you mentioned?
This refers to purchasers who view the existing house as a good structure to live in while planning for the future, or who primarily see value in the land. For them, the current home’s condition is secondary to the unique opportunity the lot presents for eventual redevelopment or a major addition.

4. The rankings show the house is newer than only 38% of Winnipeg homes. Is that a concern?
It indicates the structure is older than average, which is typical for established neighbourhoods. This isn’t inherently a negative, but it underscores the importance of understanding how well the home has been maintained and updated over its 66-year life.

5. Why is the unfinished basement presented as a feature?
An unfinished basement offers flexible, low-cost storage and mechanical space. More importantly, it represents potential future living space (e.g., a rec room, suite, or workshop) that a new owner can customize to their needs without first demolishing old finishes.