Property Overview: 825 Fairmont Road
This unique property presents a compelling opportunity defined by its substantial land and established character. Its appeal lies not in square footage, but in the rare scale of its private, nearly half-acre lot within the city—a true blank canvas. The home itself is a modest, updated 1970s bungalow with a finished basement and attached garage, offering functional living space. This home would perfectly suit a buyer who prioritizes outdoor space for gardening, recreation, or future expansion over a large interior. It’s ideal for those seeking privacy and potential in a mature neighborhood, from downsizers wanting manageable indoor space with expansive gardens to visionaries who see the land itself as the primary asset for future dreams.
Key Considerations & FAQs
1. How does the lot size compare to typical properties?
The 20,965 sqft lot is exceptionally large, placing it in the top 1% of all properties in Winnipeg for land area. This is the defining feature of the home.
2. The living space is noted as smaller. How does it function?
With 932 sqft above grade plus a finished basement, the home offers compact but complete living. The layout is likely efficient for individuals, couples, or small families, with the finished basement providing crucial extra space for recreation, guests, or a home office.
3. What do the rankings for "Assessment Value" indicate?
The assessment value of $414,000 ranks higher than 68% of Winnipeg homes, suggesting the city’s valuation heavily reflects the premium lot value. This can be a useful benchmark for property taxes and understanding how the asset is officially valued relative to its building size.
4. Is the age of the home (56 years) a concern?
Built in 1970, the home is older than about half the properties in the city. A thorough inspection is essential to understand the condition of major systems like plumbing, electrical, and the roof. However, homes of this era are often praised for their solid construction and simple, functional layouts.
5. Who would this property not suit?
It may not suit buyers seeking a large, modern interior or a turn-key property without any future projects. The appeal is heavily weighted toward the land, so a buyer primarily focused on immediate, spacious indoor living without a vision for the outdoor space might find better options elsewhere.