877 Fairmont Road

Property Overview

This 1969-built, one-storey home in Eric Coy offers a distinct blend of space, privacy, and established character. Its primary appeal lies in its exceptionally large, half-acre lot (22,720 sqft), which places it in the top 1% of properties in Winnipeg for land size. This provides rare potential for expansion, gardening, or simply enjoying expansive outdoor privacy within the city. The home itself is spacious at 1,849 sqft, ranking well above average, and features a finished basement and a combination attached/detached garage. While the structure itself is from a mature era, its value is strongly anchored in the land and the generous living space. This property would best suit buyers looking for a quiet retreat with room to grow, who value land over a modern build, and who are comfortable with the maintenance and potential updating a home of this vintage may require. It’s a solid choice for those seeking a long-term family home with outdoor focus, or for investors who recognize the inherent value in such a sizable urban parcel.

Frequently Asked Questions

1. What is the true draw of this property?
While the house is a comfortable size, the standout feature is the land. A lot of this scale is increasingly rare in the city and offers unparalleled privacy and potential compared to typical suburban lots.

2. Is the house in move-in condition?
The listing notes a finished basement, suggesting some updates, but as a 57-year-old home, buyers should budget for potential updates to mechanical systems, windows, or interior finishes to align with modern standards.

3. Who would this property not suit?
It may not suit those seeking a low-maintenance, turn-key new build, or buyers who prioritize a modern open-concept layout. The value here is in the space and potential, not in contemporary design.

4. How does the age affect value and insurance?
The 1969 build date is reflected in the assessment. Some insurance companies may require specific inspections (like for plumbing or electrical) for homes of this era, which is a prudent step for any buyer to take.

5. What can the rankings tell me?
The rankings consistently show the property scores highly for lot size, living area, and assessed value within its community and city-wide. This indicates you are purchasing a property that stands out in key metrics for the area, which is a positive for long-term value retention.