Property Overview
This single-storey home on Fairmont Road presents a compelling opportunity defined by its substantial lot and strong community standing. Its primary appeal lies in the exceptional 21,294 sqft property, a rare urban parcel that ranks in the top 1% for size across Winnipeg. Built in 1990, the 1,824 sqft bungalow sits on a quiet street in the Eric Coy neighbourhood, offering a sense of space and privacy uncommon within city limits. The home features a built-in garage and an unfinished basement, providing a solid foundation for future customization.
The property would suit buyers who prioritize land value and future potential over immediate turn-key finishes. It’s ideal for someone seeking a peaceful, established community with excellent rankings relative to neighbours—outperforming 80% of homes in its immediate area for both size and assessed value. A buyer with vision for landscaping, expansions, or who simply desires one of the larger lots in the city will find the most value here. The unfinished basement and the home's overall condition suggest it's a prime candidate for personalization and updates, allowing a new owner to increase its value over time.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, its land size is better than 99% of Winnipeg properties, indicating an exceptionally large lot. Its assessed value also ranks highly, suggesting it is valued favorably compared to similar homes.
2. Is the unfinished basement a drawback?
Not necessarily. While it requires an investment to finish, it represents a significant opportunity to add living space tailored to a new owner's needs without the constraints of an existing layout. It allows for control over quality, design, and the timing of the renovation.
3. Who would this property not be suitable for?
It may not suit buyers seeking a fully updated, low-maintenance home ready for immediate move-in. The unfinished basement and the age of the property likely mean some updates or renovations will be desired. It's best for those with some renovation plans or tolerance for projects.
4. How does the 1990 build year affect the home?
A home from this era often balances modern construction standards with the established character of an older neighbourhood. Buyers should anticipate potential updates to elements like windows, roofing, or mechanical systems that are nearing a typical lifespan, while benefiting from a generally contemporary floor plan.
5. What is the significance of such a large lot in this area?
Beyond the obvious privacy and space for recreation or gardening, a lot of this size in a long-established community like Eric Coy is a scarce resource. It offers future potential not available with standard lots, such as the possibility of additions, a detached workshop, or simply preserving a large green space as the city develops around it.