916 Fairmont Road

Property Overview: 916 Fairmont Road, Winnipeg

Section 1: Key Characteristics & Appeal

This is a distinctive property defined by its exceptionally large, half-acre lot (over 535,000 sq ft) in Winnipeg's Ridgewood South area. The home itself is a classic 1963-built, one-storey bungalow with 1,028 sq ft of living space, an unfinished basement, and a split garage. Its standout feature is the immense, private land parcel, which places it in the top 1% of properties locally for lot size. While the house presents a solid foundation, its vintage and interior square footage are more modest relative to its expansive grounds.

The primary appeal lies in the rare opportunity for land and long-term potential. It perfectly suits a buyer with a vision—whether that's enjoying unparalleled private outdoor space, embarking on a significant renovation to modernize and expand the existing bungalow, or considering future redevelopment possibilities (subject to zoning). It’s a property where the value is fundamentally in the land, offering a canvas for customization that is nearly impossible to find in the city. This would attract hands-on homeowners, investors with a development perspective, or those simply prioritizing immense private space over a turnkey, modern interior.

Section 2: Frequently Asked Questions

1. What does the lot size ranking actually mean?
The data shows this property's lot size is larger than 99% of others on its street, 100% in its community, and 100% across Winnipeg. This isn't just a big yard; it's a uniquely large land holding for the city.

2. Is the house in move-in condition?
Built in 1963, the home has functional living space but features an unfinished basement. Buyers should budget for updates and modernization to align with contemporary standards, as the property's key advantage is the land, not a recently renovated interior.

3. Who would this property not be suitable for?
It may not suit buyers seeking a low-maintenance, modern, or immediately turnkey home without any project work. The value proposition is geared toward those willing to invest time or capital into the property's future.

4. What are the implications of such a large lot?
Beyond privacy, it offers potential for additions, extensive landscaping, gardens, or outdoor recreation. It's important to consider higher maintenance (like lawn care) and to verify any zoning bylaws regarding future structures or subdivision possibilities.

5. How should the assessment value be viewed?
The assessment reflects the property's value as a whole, heavily influenced by its rare lot. It serves as a benchmark for taxation, but the market price will ultimately reflect the premium for such a scarce land opportunity in Winnipeg.