Property Overview: 284 Fairmont Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-story home in the Marlton area, built in 1962 on a notably large, mature lot of over 11,000 square feet. Its key features include 1,344 sqft of living space and a finished basement. The home’s standout characteristic is its exceptional land size, which places it in the top 4% of all properties in Winnipeg for lot dimensions, offering rare potential for expansion, gardening, or outdoor living within the city.
Its appeal lies in a combination of space, location, and value. The generous lot provides a sense of privacy and opportunity not commonly found, while the finished basement adds functional living area. The property suits buyers looking for a solid, no-frills home with excellent "bones" and land to shape to their own vision over time. It would particularly appeal to a handy buyer or a family valuing expansive outdoor space for children and pets, who are comfortable with the character and maintenance considerations of a home from the 1960s. A less obvious perspective is its strong ranking for assessed value within Winnipeg (top 35%), suggesting it is viewed as a solid asset in its price range, not just for its structure but for its underlying land value.
Frequently Asked Questions
1. What does the ranking data (e.g., "top 4% for lot size") actually mean?
This data compares the property against other homes on its street, in its community, and across all of Winnipeg. For example, being in the top 4% for lot size means 96% of Winnipeg properties have a smaller lot, highlighting this home's most distinctive feature.
2. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should verify its compliance with local regulations through their inspector and the city.
3. What are the considerations of a home built in 1962?
While offering solid construction and mature landscaping, buyers should be prepared for potential updates. A thorough inspection is crucial to assess the condition of major aging components like the roof, plumbing, electrical systems, and windows.
4. The lot is large, but how is it shaped and positioned?
The total square footage is provided, but viewing the property in person or using the street view feature is essential to understand the lot's layout, sun exposure, and how the home sits on the land to gauge its true potential.
5. How does the assessed value relate to the asking price?
The assessed value of $398,000 is for municipal tax purposes and is a historical snapshot. It can be a useful benchmark, but the final market price is determined by current buyer demand, the home's condition, and recent sales of comparable properties.