Property Overview: 791 Fairmont Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling blend of classic character and standout potential, centered on its truly exceptional lot. Built in 1944, the 1,268 sqft house is of a vintage common for its street but is notably older than most in the wider Eric Coy neighborhood. Its living area and current assessed value ($424k) are consistently around the average for its immediate area, indicating a solid, mid-range property in those respects.
The primary appeal lies in the land itself. The lot size of 48,760 sqft is extraordinary, ranking in the top 1% not just on its street, but across the entire neighborhood and city. This offers immense space for privacy, gardening, expansion, or future development, a rare find in Winnipeg. The property would suit a buyer who values outdoor space and long-term potential over a modern, turn-key home. It’s ideal for someone with a vision—whether for creating extensive gardens, adding significant additions, or simply enjoying a large, private yard. It may also appeal to an investor or builder who recognizes the underlying value of the land. The home itself appears to be a manageable size for updating, offering a canvas for customization.
Section 2: Frequently Asked Questions
1. Is the house in original condition?
While the listing data doesn’t specify renovation details, the 1944 build date suggests that significant updates to systems like plumbing, electrical, or insulation may be a consideration for a new owner. The interior likely reflects its era.
2. Why is the assessed value lower than some neighbors?
At $424k, the assessment is below the neighborhood average. This is likely influenced by the older home age and modest living area relative to the lot. The valuation primarily reflects the current structure, with the land's potential value not fully realized in the assessment.
3. What can I do with such a large lot?
The possibilities are a major draw. Beyond a spacious yard, you could explore adding a garage, workshop, or secondary suite (subject to zoning and permits). The size offers future flexibility that standard lots do not.
4. How can I get the exact sale history for this property?
The public data presented does not show a detailed transaction history. You can request the full, verified sales history by emailing the site via the "Request exact figures by email" button. They provide this information manually.
5. Are the property taxes based on the assessed value?
Yes, municipal property taxes would be calculated using the $424k assessed value (or a future reassessment). It’s worth noting that taxes for this property could be comparatively efficient given the high land-to-structure value ratio.