Property Summary: 811 Fairmont Road
Key Characteristics & Appeal
This is a well-established, single-storey home in Winnipeg's Eric Coy neighbourhood, built in 1971. Its primary appeal lies in its generous, mature lot of over 8,700 square feet—a significant and increasingly rare asset that offers ample outdoor space for gardening, recreation, or future expansion. The home itself features a practical 1,008 sqft layout with a finished basement and a detached garage.
The property presents a compelling value proposition. It ranks highly city-wide for its lot size (top 9%) and assessed value (top 33%), suggesting a solid foundation of land value. It would suit a buyer looking for an affordable entry into a mature community with room to grow, whether that means enjoying a large yard now or considering a long-term renovation or addition. It's particularly suited for those who prioritize land over a large existing footprint, and who are comfortable with a home that offers potential rather than immediate modern finishes.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Eric Coy, and across all Winnipeg. They highlight that while the house itself is modest in size for the area, the lot is exceptionally large for the city, and the assessment value is relatively high, indicating strong underlying property value.
2. Is the large lot a benefit or a burden?
It's a major benefit for privacy, space, and future potential, but it also means higher property taxes and more maintenance (like lawn care and snow clearing) compared to a standard lot.
3. What can I expect with a 55-year-old home?
While it offers character and a proven structure, you should budget for updates to major aging components like the roof, windows, and mechanical systems (furnace, plumbing). A thorough home inspection is essential.
4. How does the detached garage impact daily use?
It provides good storage or workshop space but requires going outdoors to access your vehicle, which can be a consideration during Winnipeg's winter months.
5. Who is the most likely type of buyer for this property?
It's ideal for first-time buyers or downsizers seeking a manageable single-level layout with a great yard, or for value-focused investors or renovators who see the long-term potential in the substantial lot.