Property Summary: 861 Fairmont Road
Section 1: Key Characteristics & Appeal
This home is defined by its exceptional lot and solid foundation. Situated on a massive, half-acre parcel (21,302 sqft) in the Eric Coy area, the property ranks in the top 1% for land size across Winnipeg, offering rare potential for expansion, gardening, or simply enjoying expansive private outdoor space. The house itself is a 1.5-storey character home built in 1946, with 1,281 sqft of living space and a finished basement.
Its primary appeal lies in this unique combination of a huge, established lot in a mature neighbourhood and a home that serves as a functional canvas. It suits buyers looking for a long-term project or a lifestyle property. This is ideal for someone with vision—perhaps a family wanting room for children and pets to play, a hobbyist or gardener craving space, or a buyer planning a future renovation or addition who values the land as much as the existing structure. While the home requires consideration for updates given its age, the extraordinary lot size represents a lasting asset that is increasingly difficult to find within the city.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others in its immediate street, neighbourhood, and all of Winnipeg. Key takeaways: its land size is exceptionally rare (top 1% in Winnipeg), while the house itself, in terms of age and size, is more typical for its established area.
2. Is the house in original condition?
Built in 1946, the home is 80 years old. The listing confirms a finished basement, but prospective buyers should budget for and expect the maintenance and updating typical of a house of this vintage, from windows to mechanical systems.
3. What are the possibilities with such a large lot?
The half-acre lot is the standout feature. Beyond a large yard, it presents future potential for significant additions, a detached garage or workshop, or extensive landscaping. It’s important to verify zoning bylaws with the city for any specific plans.
4. Why is there no garage?
Many older properties in mature neighbourhoods were built without garages. The vast lot, however, offers ample space to add off-street parking or construct a garage, subject to local regulations and permits.
5. How does the assessment value relate to the asking price?
The municipal assessment is $406,000, which is used for calculating property taxes. The listing or asking price is set by the seller and the market, and can be higher or lower than the assessed value based on current demand, condition, and unique features like this property's land.