259 Fairmont Road

Property Overview & Appeal

This 1953-built, single-storey home on Fairmont Road is defined by its exceptionally large, private lot of over 21,000 sqft—a rare find that places it in the top 1% of Winnipeg for land size. The home itself offers 1,311 sqft of living space with a finished basement and an attached garage. Its appeal lies in the balance between a modest, functional house and the tremendous potential of its expansive grounds. The property ranks highly within its community for lot size and value, suggesting a solid investment in a desirable location.

It would perfectly suit buyers who prioritize outdoor space over a large interior footprint. This could include families seeking room for play, gardens, or future additions; hobbyists or pet owners wanting ample yard space; or long-term investors who recognize the inherent value and development potential of such a sizable urban lot. The home offers a practical living space while the land provides the standout opportunity.

Key Questions for Consideration

1. What is the condition of the home's major systems? Given its age of 73 years, prospective buyers should prioritize inspections of the roof, foundation, plumbing, and electrical systems to understand any needed updates or maintenance.
2. How is the large lot zoned, and are there any usage restrictions or easements? Understanding the zoning is crucial for anyone considering future projects like building a detached garage, adding an extension, or subdividing the land.
3. What are the annual property taxes? With an assessed value of $420,000, requesting the current tax amount will provide a clear picture of ongoing ownership costs.
4. Why is the city-wide ranking for "newness" much stronger than its street and community ranking? This indicates that while the home is older compared to its immediate neighbors, it is actually newer than a significant portion of the overall housing stock in Winnipeg, offering a useful perspective on its age context.
5. How does the finished basement add to the living space? It's important to clarify the basement's layout, ceiling height, moisture control, and whether it includes legal egress windows to fully assess its utility and safety.