807 Fairmont Road

Property Overview

This 1971-built, one-storey home in Eric Coy offers a practical layout with 1,076 sqft of living space and a fully finished basement, situated on a large, quiet lot of over 8,700 sqft. Its key appeal lies in its established, low-maintenance character and significant outdoor space—a rare combination in the city. The home ranks exceptionally well for its lot size, placing in the top 9% of all Winnipeg properties, which provides ample room for gardening, play, or future expansion. While the interior is modest in size and era, the finished basement adds valuable flexible living space. It would suit first-time buyers seeking a manageable home with room to grow outdoors, downsizers looking for a single-level layout without sacrificing yard space, or value-oriented buyers who prioritize land over a recently built structure.

Frequently Asked Questions

1. How does the home's age affect its condition and potential costs?
At 55 years old, buyers should budget for updates to major aging components like the roof, windows, or mechanical systems. A thorough inspection is essential, though the established neighbourhood often means infrastructure is well-serviced.

2. What are the benefits and considerations of such a large lot?
The lot is a major asset, offering privacy, space for additions like a deck or shed, and gardening potential. However, it also means more yard maintenance, and buyers should verify if any portion is subject to easements or has specific zoning restrictions.

3. The home ranks highly for lot size but lower for living area. What does this mean?
This indicates you are purchasing primarily for the land and location. The house itself is comfortable but not expansive, suggesting a trade-off: you get fantastic outdoor space for the price, rather than a large interior.

4. Is the finished basement a legal secondary suite?
The listing notes a finished basement but does not specify a legal suite. It likely provides excellent recreational or guest space, but buyers interested in rental income must investigate its compliance with local regulations separately.

5. How does the assessment value relate to the likely selling price?
The municipal assessment of $390,000 is a tax valuation tool, not a market price. Given the home's strong ranking for lot size, competitive offers may significantly exceed this assessment, especially in a active market.