Property Overview: 845 Fairmont Road

Section 1: Key Characteristics & Appeal

This well-situated bi-level home in Eric Coy offers a practical and efficient layout with a fully finished basement, providing valuable additional living space. Its primary appeal lies in its generous 7,200 sqft lot, which is significantly larger than most in Winnipeg, ranking in the top 15% city-wide for land size. This presents a major opportunity for gardening, outdoor enjoyment, or future expansion. The home itself is a manageable size at 829 sqft of living space, suggesting lower utility costs and ease of maintenance.

The property suits first-time buyers or downsizers seeking a solid entry into a established neighborhood with room to breathe outdoors. It’s also a sensible choice for value-focused buyers who prioritize land potential over a large existing footprint. A thoughtful perspective is that while the home’s living area is modest, the fully finished basement effectively doubles the usable space, making the overall offering more substantial than the main floor square footage implies. The 2022 sale provides a clear, recent market benchmark, indicating a stable value history.

Section 2: Frequently Asked Questions

1. What does the ranking data actually mean for a buyer?
The rankings show the property’s position relative to others. For example, its land size beats 85% of Winnipeg homes, a standout feature. Conversely, its living area is more compact than most, confirming it's a home where the lot is a key asset.

2. Is the bi-level style a pro or a con?
Bi-levels offer distinct separation between living and sleeping areas, often with good basement ceiling heights. The fully finished basement here is a major plus. The style is efficient but may involve more stairs than a bungalow, which is worth considering for mobility.

3. How does the 1970 build year affect the home?
Homes from this era often have solid construction but may require updates to major systems like roofing, windows, or HVAC. A pre-purchase inspection is especially important to assess the condition of these aging components.

4. The assessed value is higher than the 2022 sale price. Why?
Municipal assessments for tax purposes don't always align perfectly with current market value. The 2022 sale price of $338,000 is a more concrete indicator of what a buyer recently paid, though the market may have shifted since.

5. What is the neighborhood (Eric Coy) like?
Eric Coy is a mature, established community in Winnipeg. The rankings show the property's lot size is well above average for the neighborhood, suggesting it's a larger-than-typical parcel in an area of mostly smaller lots.