Property Overview: 559 Fairmont Road
Key Characteristics & Appeal
This is a classic 1961-built, single-storey home situated on an exceptionally large, half-acre lot (22,001 sqft) in the Eric Coy neighbourhood. With 1,339 sqft of living space, an unfinished basement, and no garage, the home itself presents a straightforward, functional layout. Its primary and extraordinary appeal lies in the land. The property ranks in the top 1% in Winnipeg for lot size, offering a rare canvas of green space that is increasingly uncommon within the city. This isn't just a yard; it's a private domain with immense potential for gardening, recreation, expansion, or future redevelopment.
The appeal is dual-faceted: it offers an affordable entry point into homeownership with a manageable-sized house, while the land itself represents a long-term asset. It suits buyers who value space and potential over immediate turn-key perfection. It would be ideal for a hands-on buyer looking for a project, whether that's finishing the basement, adding a garage, or simply enjoying the expansive outdoors. It also holds quiet appeal for those with an eye on future value, as large lots in established areas are a finite resource. The recent stable sale history suggests a solid, grounded investment in a mature community.
Frequently Asked Questions
1. What does the "unfinished basement" entail?
It provides essential utilities and ample raw space for storage or future development, but it will require investment and work to become finished living area.
2. Is the large lot a maintenance burden or an opportunity?
It can be both. The size requires more effort for lawn care and landscaping, but it uniquely allows for additions like a large garden, workshop, or play area that wouldn't be possible on a standard lot.
3. Who is the typical buyer for this property?
Given the lot size and home condition, it attracts first-time buyers seeking land and potential, downsizers wanting a ground-level home with room for hobbies, and investors or builders who see value in the land itself.
4. How does the 1961 build year affect the home?
While the structure is sound, buyers should budget for updates common to homes of this era, such as windows, roofing, or mechanical systems, during a pre-purchase inspection.
5. With no garage, where is parking and storage?
The property relies on driveway parking. The unfinished basement offers significant storage space, and the large lot provides clear space to potentially add a garage or shed in the future.