Property Overview: 867 Fairmont Road

Key Characteristics & Appeal

This is a distinctive, single-storey home in Winnipeg's Eric Coy neighborhood, built in 1958. Its primary appeal lies in its exceptionally generous, 11,161 sqft lot—a rare find that places it in the top 4% of all properties in Winnipeg for land size. The home itself is modest at 840 sqft of living space, but features a finished basement and the unique addition of a private swimming pool. Practical amenities include a split garage.

The property suits two main types of buyers. First, it's ideal for those who prioritize expansive outdoor space for gardening, recreation, or future expansion over a large interior footprint. The pool adds a resort-like private amenity. Second, it presents a solid opportunity for value-conscious buyers or investors looking for a home with "good bones" on a premium lot, where the land itself represents a significant portion of the asset's value and long-term potential. The rankings suggest a property that is highly competitive for its land but may require updates, making it a canvas for someone willing to invest sweat equity or gradual renovations.

Frequently Asked Questions

1. How does such a large lot impact costs and responsibilities?
While offering immense privacy and space, a lot of this size typically means higher property taxes relative to the home's size, and requires more time or investment for maintenance (lawn care, landscaping, snow clearing).

2. Is the swimming pool a benefit or a burden?
This depends on the buyer's lifestyle. It's a major private amenity for summer enjoyment and entertaining. However, it comes with ongoing maintenance costs, insurance considerations, and seasonal opening/closing responsibilities that should be factored in.

3. The living space is ranked quite low. Is the house too small?
The 840 sqft main floor is compact. However, the finished basement effectively doubles the usable space, and the colossal lot essentially functions as additional "living space" for much of the year. It's a trade-off: less interior square footage for unparalleled outdoor space.

4. What does the assessment value tell me about the price?
The municipal assessment of $385,000 is a benchmark for property taxes, not necessarily market value. Its ranking shows the property is assessed higher than 61% of Winnipeg homes, heavily influenced by the valuable lot. The eventual sale price will be determined by current market demand for this unique combination of features.

5. Who would this neighborhood, Eric Coy, appeal to?
Eric Coy is a mature, established community. This property, with its vast lot and pool, offers a secluded, suburban feel within the city. It would appeal to those seeking quiet, space, and a sense of permanence, rather than a trendy, high-walkability urban lifestyle.