Property Overview: 751 Fairmont Road
This 1962 bi-level home in Eric Coy offers a distinctive blend of space, privacy, and established charm. Its primary appeal lies in its generous 8,351 sqft lot and a spacious 2,432 sqft of finished living area, which includes a developed basement. The property features a split garage and a private swimming pool, making it a standout for those seeking room for recreation and entertaining. While the home itself is of a mature age, its living space ranks in the top 3-4% locally, indicating a home that is significantly larger than most in its immediate area and across Winnipeg.
The home is ideally suited for buyers who prioritize indoor and outdoor space over a brand-new build. It appeals to families or multi-generational households looking for a large, private yard and a pool, or to value-conscious buyers seeking more square footage for their budget. The data suggests a property with strong fundamentals—large size, a big lot—in a neighborhood of varied home ages and values, offering a solid canvas for someone comfortable with the character and potential maintenance of an older, well-sized home.
Frequently Asked Questions
1. How does the age of the home affect its value and appeal?
Built in 1962, the home is part of an established neighborhood. Its age is reflected in a middle-of-the-road ranking for its build year locally. The appeal comes from its proven, spacious layout and large lot, offering potential that newer, smaller lots often can't. Buyers should budget for updates consistent with a home of this vintage.
2. The assessment value seems lower than expected for such a large property. Why?
The municipal assessment of $406,000 is for taxation purposes and often lags behind market value. It ranks in the top 34% city-wide, which is solid, but the more telling metrics are the physical ones: the living space and lot size rank in the top 3-10% city-wide, indicating the underlying asset is substantial.
3. Who would this property not be suitable for?
It may not suit buyers seeking a modern, low-maintenance "turn-key" home or those unwilling to manage the upkeep of a pool and a large, mature yard. The bi-level design also requires navigating stairs between main living areas.
4. The 2017 sale price was $328,000. Is the current price justified?
The 2017 price ranked in a lower percentile, suggesting it may have been a relative value purchase at that time. Any current asking price would be justified by today's market conditions and the home's standout features—primarily its exceptional interior space and lot size—which were already present then.
5. What do the neighborhood rankings indicate?
The rankings show Eric Coy is a diverse area. This specific home ranks very high for size but average to below-average for age and past sale price within the community. This suggests it's a larger, potentially unique property in a neighborhood with a wide mix of home values and conditions, offering more privacy and space than many surrounding homes.