Property Overview: 243 Fairmont Road, Winnipeg
Key Characteristics & Appeal
This well-situated home in Marlton presents a compelling blend of modern convenience and solid value. Built in 2007, it is a notably newer construction compared to most homes in its immediate area and across Winnipeg, suggesting less immediate concern for major system replacements and potential for more contemporary layouts. With 1,529 sqft of living space, it offers above-average roominess for the city and its street. Its standout feature is the 11,109 sqft lot, which is exceptionally large by Winnipeg city standards, placing it in the top 4% citywide for land area. This provides significant outdoor space and privacy that is increasingly rare.
The home’s assessed value consistently ranks above average across all comparison levels, indicating strong perceived value by the city assessor. Recent sale history shows healthy appreciation. The appeal lies in this balance: a newer, spacious home on a premium-sized lot, without an extreme premium price tag. It would suit buyers looking to avoid the maintenance and update projects of an older character home, who value generous private outdoor space for gardening, play, or entertaining, and who appreciate a property with statistically demonstrated value growth in a stable neighbourhood.
Frequently Asked Questions
1. How does the lot size compare to a typical Winnipeg property?
The lot is a major asset. At over 11,000 sqft, it is significantly larger than the Winnipeg city average of about 6,570 sqft, placing it in the elite top 4%. This offers rare potential for expansions, additions, or simply enjoying substantial yard space.
2. The home was built in 2007. What does that mean for maintenance?
As a home built in the 2000s, major components like the roof, furnace, and windows are likely still within or approaching the mid-point of their typical lifespans. This can mean fewer immediate major capital expenditures compared to the area's many homes built in the 1960s and 70s.
3. The assessed value seems high for the street. Is it over-assessed?
While its assessed value is in the top 15% on Fairmont Road, recent sold prices (2024: $500k-$550k) support this valuation. It suggests the property’s combination of newer build, living area, and particularly the lot size are recognized in the market.
4. Is the living space smaller than other homes in Marlton?
At 1,529 sqft, it is slightly below the Marlton area average for comparable homes (~1,581 sqft) but remains above the city average. The trade-off is clear: the property allocates more of its footprint to the generous lot rather than interior square footage.
5. What’s the one less obvious thing to consider here?
The data shows a consistent pattern: this property ranks "above average" or "elite" in every metric (value, year built, size) except for lot size within its immediate neighbourhood, where it is average. This indicates you're buying a superior home on a standard street lot, but that same lot is a giant by broader city standards. The perspective shifts dramatically depending on your comparison circle.