Property Overview: 669 Fairmont Road, Winnipeg
Key Characteristics & Buyer Appeal
This 1986-built, two-storey home sits on a large, approximately 6,900 sqft lot in the Eric Coy neighbourhood. Its primary appeal lies in offering above-average space and a well-established setting at a value-conscious point. With 1,820 sqft of living space and a finished basement, it provides ample room for a growing family or those who appreciate spacious layouts. The home's competitive rankings are noteworthy: it stands in the top 15-20% of Winnipeg homes for both lot size and living area, suggesting you get more physical space for your investment compared to most of the market. While it lacks a garage or pool, the appeal is grounded in solid fundamentals—a generous property footprint, a functional size, and a house that is newer than roughly 70% of Winnipeg's housing stock.
This property would suit practical buyers looking for a long-term home with room to breathe and potentially customize. It's ideal for those who prioritize indoor and outdoor space over flashy amenities and are comfortable with a home that has a history but is far from the oldest on the block. A thoughtful perspective is that its strong rankings for size against city-wide benchmarks could provide a relative buffer in market fluctuations, as core square footage remains a perennial driver of value. It’s a home for setting down roots, not for a turn-key, luxury experience.
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 neighbourhood, and all of Winnipeg for specific metrics. For example, being newer than 70% of Winnipeg homes means its 1986 build date is more recent than most of the city's housing inventory.
2. The home is 40 years old. What should I budget for maintenance?
While the home is in good standing relative to its age, a prudent budget for ongoing maintenance and potential updates to original components (like roofing, windows, or major appliances) is essential. Its above-average rankings for age in the area are a positive sign of the neighbourhood's overall upkeep.
3. There's no garage. Is there potential to add one?
The large lot size is a significant advantage here. While subject to local zoning and bylaws, the substantial 6,897 sqft parcel does offer the physical space that could accommodate a future garage addition or a sizable shed, which is a key compensating feature for the current lack of one.
4. How does the finished basement affect living space and value?
The finished basement effectively adds usable square footage beyond the 1,820 sqft main living area, providing flexible space for recreation, guests, or a home office. This adds functional value and is a key feature for families needing extra room.
5. The assessment is $524,000. Is the list price typically near this?
List prices are set by the seller and can be above, at, or below the municipal assessed value. The assessment is a tax valuation from a specific point in time and is one data point. It indicates the home is valued in a higher tier relative to most Winnipeg properties (top 14%), but a market-based sale price will be determined by current conditions, the home's specific state, and buyer demand.