240 Fairmont Road

Property Summary: 240 Fairmont Road, Winnipeg

Key Characteristics & Appeal

This is a classic, well-situated one-storey home on an exceptionally large lot in the Marlton area. Its primary appeal lies in the land itself—at over 22,000 square feet, the property size is in the top 1% for all of Winnipeg, offering immense privacy and potential. The house, built in 1945 with 1,488 sqft of living space, is a functional canvas. While the rankings show the structure itself is older and more modest compared to many in the immediate area, this presents a clear value proposition: you are acquiring a rare, sizable parcel of land with an existing home.

The property would suit two main types of buyers. First, it's ideal for a long-term visionary or builder seeking a premium lot to eventually replace or significantly expand upon the current house. Second, it suits a practical buyer who values immense outdoor space, privacy, and a solid, no-frills home over modern finishes, and who sees the charm and potential in a property with character. The rankings indicate that for the land size and neighbourhood, the assessed value is relatively accessible, suggesting the price is driven more by the lot than the structure.

Frequently Asked Questions

1. What does the ranking data actually tell me?
It shows the property's standout feature is its lot size, which is among the largest in the city. Conversely, the house is older than most in the neighbourhood. This contrast is the key dynamic of the property.

2. Is the house in need of major updates?
Given its 1945 construction, buyers should budget for updates to major aging systems (like plumbing, electrical, or the roof) and anticipate that interior finishes will reflect its era. A thorough inspection is essential.

3. What can I do with such a large lot?
The possibilities are a major draw. Beyond extensive gardening and recreation, the lot could potentially accommodate a significant addition, a separate workshop or studio, or even future subdivision, subject to city zoning approvals.

4. How does the split garage function?
A split garage typically means two separate single-car garage doors, often side-by-side. This is a period-appropriate feature that provides covered parking for two vehicles but may have limited space for modern storage or larger vehicles.

5. Why is the assessed value ranking lower than the land size ranking?
This is likely because municipal assessments consider both land and building value. The high land value is balanced by the lower value assigned to the older, modest-sized home, resulting in a total assessment that is competitive for the area.