249 Fairmont Road

Property Summary: 249 Fairmont Road

Key Characteristics & Appeal

This is a classic, well-maintained one-storey home built in 1953, situated on an exceptionally large, mature lot of nearly half an acre (22,224 sqft). Its primary appeal lies in this rare combination of a single-level living layout and vast outdoor space within the city, a pairing that is increasingly difficult to find. The home features a finished basement and an attached garage.

The property’s standout characteristic is its land. The lot size ranks in the top 1% of all properties in Winnipeg, offering immense privacy, room for gardens, recreation, or future expansion. This contrasts with the home itself, which is a comfortable 1,496 sqft, offering a more modest and manageable footprint. It suits buyers who prioritize space and potential over brand-new finishes—ideal for families seeking room to grow, hobbyists or gardeners craving outdoor space, or those planning a future custom build who want to secure a premier lot now. The strong rankings within its established neighborhood suggest a desirable and stable location.

Frequently Asked Questions

1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the extent. Buyers should inquire about the rooms, ceiling height, moisture control, and whether it includes a separate entrance or bathroom to fully understand the additional living space.

2. How does the 1953 build year affect the home?
While the age places it in the older segment for the area, it also means the home likely has character and mature landscaping. Prospective buyers should prioritize a thorough inspection of major systems (roof, plumbing, electrical, foundation) common to homes of this era, viewing any updates as a significant value-add.

3. The lot is huge. Are there any restrictions on its use?
With such a large lot, it's important to verify zoning bylaws with the city to understand what is permissible. This could include rules for adding structures like a shed or garage, subdividing the lot (if possible), or building additions.

4. The value rankings seem mixed. What does this indicate?
The property excels in lot size (top 1% city-wide) and is above average for living space in its immediate area. However, its assessed value is around the median for the street. This can suggest the assessed value may not fully capture the premium of the land, or that the house itself presents an opportunity for updates that could significantly increase the overall value.

5. What are the utility and maintenance costs like for a property of this size and age?
Heating and cooling a 1,496 sqft one-storey home, especially with an older building envelope, can have different cost implications than a newer home. Additionally, maintaining a half-acre lot involves considerations for landscaping, snow clearing, and general upkeep that are beyond typical residential lots.