Property Overview: 727 Fairmont Road, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in the Eric Coy neighbourhood, built in 1958. Its primary appeal lies in its generous, nearly 10,000 sqft lot, which places it in the top 6% of all properties in Winnipeg for land size. This offers exceptional outdoor space and potential in a mature community. The home itself is modest in size at 912 sqft and features a finished basement and a detached garage.
The property suits two main types of buyers. First, it's ideal for those seeking a solid starter home or downsizing option with a manageable footprint but an unusually large yard for gardening, recreation, or future expansion. Second, it appeals to value-oriented investors or renovators who see the underlying asset: a large, established lot in a stable area. The home's condition is not detailed, but the significant disparity between the generous lot and the modest, older house suggests the property's long-term value may be more in the land than the current structure. It's a property that offers immediate utility but also presents a clear canvas for future vision.
Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics. For example, being in the "top 6%" for land size in Winnipeg is a standout strength, while the home's living area is smaller than most in its immediate area.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify if it is a legal, rentable suite. This would be a key point to verify with the seller and the city.
3. What is the significance of a 1958 build year?
Homes of this era often have solid construction but may require updates to major systems like plumbing, electrical, or insulation. A thorough inspection is highly recommended to understand the condition and any modernizing needs.
4. How does the assessed value relate to the asking price?
The city's assessed value is $406,000 for tax purposes. The listing price is not provided here, but comparing the two figures can indicate how the market price aligns with the city's valuation.
5. What are the implications of a "detached" or "split" garage?
A detached garage offers flexibility—it could be used as a workshop or studio without affecting the main house. However, it means going outside to access your vehicle, which can be a consideration during Winnipeg winters.