824 Fairmont Road

Property Overview

This one-storey home in Eric Coy sits on an exceptionally large, half-acre lot (21,805 sqft), which is its most defining feature. Built in 1945, the 1,504 sqft house includes a finished basement and a combination attached/detached garage. Its appeal lies in the rare balance of a quiet, established neighbourhood with vast outdoor space rarely found in the city. The property ranks in the top 1% in Winnipeg for lot size, offering immense potential for gardening, expansion, or simply enjoying private greenery.

It would perfectly suit buyers who prioritize land over a modern home, such as families seeking room for children and pets to play, hobbyists or gardeners, or those with long-term renovation plans. It’s also a solid option for multi-generational living, given the finished basement and separate garage possibilities. A thoughtful perspective is that this property offers a "blank canvas" feel—the value is anchored in the land, allowing the right buyer to shape the home to their tastes over time, which can be a wiser investment than a fully renovated property at a premium.

Key Questions for Buyers

1. What does the lot size ranking actually mean?
The property’s lot size is in the 99th percentile for Winnipeg, meaning it’s larger than 99% of residential lots in the city. This is a rare find and the home's most significant asset.

2. The house was built in 1945. What should I expect?
As an 81-year-old home, buyers should budget for updates to major aging components like plumbing, electrical, or the roof. A thorough inspection is essential, but the charm and solid construction of an older home are also part of its character.

3. How does the finished basement add value?
It provides immediate additional living space, which is versatile. It could serve as a recreation room, a separate suite (subject to regulations), or extra bedrooms, adding functional square footage without the cost of an addition.

4. The assessment value is $443,000. Is that the likely selling price?
Not necessarily. The municipal assessment is for tax purposes and can differ from market value. The price will be influenced by current market conditions, the home's condition, and the high desirability of such a large lot.

5. What are the advantages of a combined attached/detached garage?
This setup offers significant flexibility. The attached garage provides convenient, direct access, while the detached garage can be used as a workshop, studio, or secure storage for vehicles and equipment, separate from the main house.