Property Overview: 280 Fairmont Road
Key Characteristics, Appeal & Ideal Buyer
This is a spacious, well-established home in the Marlton area, built in 1952. Its primary appeal lies in its generous proportions, both indoors and out. The 2,150 sqft living area is notably larger than most homes in Winnipeg, ranking in the top 7% city-wide, and is situated on a substantial 13,714 sqft lot. The home features a finished basement and a split-style garage.
The property's strength is its space and established character, rather than modern newness. It suits buyers looking for room to grow, garden, or simply enjoy more square footage than is typical in newer subdivisions. It would appeal to a practical buyer who values a large, private yard and interior space over a recently built home, and who sees potential in a solid, older property. The high city-wide rankings for lot and living area suggest a rare offering of scale for the price point, ideal for those prioritizing space over a turn-key modern finish.
Frequently Asked Questions
1. What does the "One & 1/2 Storey" building type mean?
This typically describes a home with a main floor and a second floor where the rooms are built into the roof space, often featuring sloped ceilings or dormer windows. It's a classic architectural style common in mid-century homes.
2. How should I interpret the provided rankings?
The rankings compare this property to others on its street, in its community (Marlton), and across all of Winnipeg. For example, ranking in the "top 3%" for lot size in Winnipeg means 97% of city homes have a smaller lot. It's a quick way to gauge how a specific feature stacks up against the competition.
3. The home was built in 1952. What should I consider?
While the structure has proven its durability, a home of this age will likely have older major systems (like plumbing, electrical, and the roof). A thorough inspection is essential to understand the condition and plan for any updates or maintenance, which can be an opportunity to customize.
4. The assessed value is $465,000, but it sold for $390,000 in 2019. What does this indicate?
The assessed value is for municipal tax purposes and can differ from market value. The 2019 sale price is a historical data point, but the current market value will be determined by recent comparable sales, condition, and buyer demand. The gap highlights the importance of a current, professional market evaluation.
5. The lot is large, but what about the neighborhood's overall feel?
Marlton is a mature, established community. The large lot size suggests a less dense, more spacious setting compared to newer areas. Prospective buyers should visit at different times to experience the neighborhood's character, traffic patterns, and the mix of similarly aged and potentially renovated homes.