Property Overview: 888 Fairmont Road

This well-situated bungalow in Winnipeg’s Eric Coy neighborhood presents a compelling opportunity for a specific type of buyer. Its primary appeal lies not in the size of the home, but in the substantial, mature lot it occupies. With over 11,000 square feet of land, the property ranks in the top 5% of all Winnipeg lots for size, offering exceptional outdoor space and potential. The home itself is a modest 832 sqft one-storey build from 1961, featuring a finished basement and a detached garage. While the living space is compact and ranks lower in comparative size, the value proposition is clear: a large, established property in a quiet neighborhood.

This home would best suit a buyer looking for a solid foundation—literally and figuratively. It’s ideal for someone with a vision for expansion or renovation who values space and privacy outdoors more than immediate square footage indoors. It could also appeal to a downsizer seeking a manageable home with a generous yard for gardening or entertaining, without the upkeep of a larger house. The very high land ranking suggests a strong long-term investment in the property itself, beyond the current structure.

Frequently Asked Questions

1. What is the true standout feature of this property?
The lot size is the defining characteristic. At 11,017 sqft, it is significantly larger than average, placing it in the 95th percentile for Winnipeg. This offers rare potential for gardening, additions, or simply enjoying expansive private outdoor space.

2. Is the house too small for a family?
The 832 sqft main floor living area is compact. However, the finished basement provides additional flexible space. It would suit a small family comfortable with efficient living, or a buyer who sees the potential to expand the bungalow over time, leveraging the large lot.

3. How does the property’s age affect its value?
Built in 1961, the home is older and its systems may require updates. This is reflected in its middle-of-the-road rankings for age. However, this also means it sits in a well-established neighborhood with mature landscaping, and the price likely accounts for its vintage.

4. The assessment value seems lower than expected. Why?
The municipal assessment of $346,000 is for tax purposes and often lags behind market value. Its ranking near the median for Winnipeg suggests it’s a reasonably assessed property for its combination of a very large lot and a modest, older home.

5. What is the neighborhood like?
Eric Coy is a mature, established community. The property’s rankings show it is on a street and in a neighborhood with a mix of homes, offering a stable environment. Its high land value ranking within Winnipeg indicates the area is desirable for its lot sizes and character.