816 Fairmont Road

Property Overview & Key Characteristics

This property is defined by its exceptionally large, half-acre lot in the Eric Coy neighbourhood, which is its most compelling feature. The appeal lies in the rare combination of a substantial, private land parcel within city limits, paired with a modest, single-storey home built in 1976. With over 21,800 sqft of land, it ranks in the top 1% for lot size across Winnipeg, offering immense potential for gardening, recreation, or future expansion.

The 1,298 sqft bungalow includes a finished basement and an attached garage. Its value is further underscored by an assessment value that places it in the top 17% citywide, suggesting strong underlying land value. This home suits buyers prioritizing land over lavish living space—think families seeking room for kids and pets to play, downsizers wanting a manageable home with a sprawling garden, or visionaries who see the long-term potential in the lot itself, whether for enjoying or eventually redeveloping.

Frequently Asked Questions

1. What does the high land ranking actually mean for me?
It means you are purchasing a property with a lot size that is increasingly rare in the city, offering more privacy, space, and flexibility than nearly any other typical residential property. This is often the key driver of long-term value.

2. The house was built in 1976. What should I consider?
While the home has been maintained, its age suggests that major systems (like roof, windows, plumbing, or electrical) may be at or beyond their typical lifespan. A thorough inspection is crucial to understand any upcoming investments needed to modernize or maintain the structure.

3. Is the finished basement included in the listed living area?
No. The 1,298 sqft figure refers to the above-ground living area. The finished basement provides additional usable space, but it is not counted in the official square footage, which is a positive for functional space.

4. Who would this property NOT be ideal for?
It may not suit those seeking a modern, turn-key home or who prefer a low-maintenance yard. The appeal here is the land, which requires upkeep, and the home likely needs updates. It's for a buyer comfortable with a project or who values outdoor space above interior luxury.

5. How significant is the assessment value being in the top 17%?
It indicates the municipal government assesses this property's value higher than 83% of Winnipeg homes, heavily influenced by the land. This can be a useful benchmark for understanding its tax bracket and perceived market value relative to others, though the final sale price is determined by the market.