Property Summary: 768 Fairmont Road
Key Characteristics & Appeal
This is a unique, one-storey home in Winnipeg's Eric Coy neighbourhood, built in 1961. Its defining feature is an exceptionally large, private lot of nearly 22,000 square feet, which places it in the top 1% of all properties in Winnipeg for land size. The home itself is modest at 1,078 sqft and includes a finished basement. There is no garage or pool.
The primary appeal lies in the land itself. This property offers immense potential for buyers who value space, privacy, and possibility over a large or modern house. It perfectly suits a buyer looking for a quiet retreat within the city—someone with a vision for gardening, outdoor living, or future expansion. It could also be an ideal long-term hold for an investor or builder, given the rarity of such a large parcel. The home provides a comfortable, grounded starting point, but the true value is in the opportunity the land presents.
Frequently Asked Questions
1. What is the neighbourhood like?
Eric Coy is a mature, established community. The property's high land-size ranking within the neighbourhood (top 16%) indicates it is on one of the larger, more private lots in the area.
2. Is the lot usable, or is it oddly shaped?
While specific dimensions aren't provided, a lot of this size is highly unusual for the city. It's advisable to review the survey and zoning bylaws to understand its full potential and any building restrictions.
3. The house is smaller and older. What condition is it in?
Built in 1961, the home will likely require updates and diligent maintenance. The finished basement adds living space, but buyers should budget for modernizing mechanical systems and cosmetics to suit their taste.
4. Why is the assessed value relatively low compared to the lot size?
Municipal assessments often weigh the built structure heavily. The modest size and age of the home likely keep the assessment lower, which can be a tax advantage. The market value is typically driven higher by the premium for such a large, rare lot.
5. What are the main considerations for a buyer here?
Focus should be on your plans for the land and your renovation budget. This is a property where the cost of significant home improvements must be weighed against the value of the land itself. It's best for a buyer who sees the house as a functional foundation and is captivated by the possibilities of the outdoor space.