Property Summary: 604 Fairmont Road, Winnipeg
Key Characteristics & Appeal
This home is a bi-level built in 1970, featuring 1,670 sqft of living space and a finished basement. Its most defining characteristic is the exceptionally large, private lot of nearly half an acre (21,763 sqft), which places it in the top 1% of all properties in Winnipeg for land size. The house itself also ranks highly for its living area and assessed value within its established Eric Coy neighborhood.
The primary appeal lies in the rare combination of a spacious family home on a vast, tranquil lot within the city—a rarity that offers immense potential for gardening, recreation, or future expansion. It suits buyers looking for long-term stability in a mature community, who value outdoor space and privacy over a brand-new build. A thoughtful perspective is that while the home is from 1970, its top-tier lot size is a permanent, appreciating asset that cannot be replicated in newer subdivisions. It’s a property for someone who sees the land itself as the core investment, with the house as a comfortable and sizable canvas.
Frequently Asked Questions
1. What does the "bi-level" design mean for daily living?
A bi-level typically features a short flight of stairs to the main living areas (kitchen, living room) and another short flight down to additional bedrooms and the finished basement. It offers good separation of space but involves more stairs than a bungalow.
2. The lot is huge. What are the ongoing responsibilities or costs associated with it?
Beyond regular lawn maintenance, a lot of this size may have higher watering costs in summer and snow clearing in winter. It's an advantage for privacy, but buyers should budget for the time or expense of its upkeep.
3. There's no garage. How feasible would it be to add one?
Given the vast lot size, adding a detached garage is likely very feasible from a space perspective. Buyers should consult with the city on zoning and setback requirements, and factor this potential project into their long-term plans.
4. The home ranks very high for value in the area. What does that indicate?
The high assessment ranking suggests the municipal valuation is strong compared to most homes in Winnipeg. This generally reflects the property's desirable attributes (especially the lot) but is also a key factor in determining annual property taxes.
5. How does the 2016 sale price compare to the current assessment?
The home sold for $440,000 in 2016 and now has an assessed value of $554,000. This increase reflects market changes over eight years and the assessed value, which is used for taxation, is not a direct indicator of current market price.