107 Miramar Road

Property Overview

This one-storey home in Roblin Park is defined by its exceptionally large, half-acre lot—a rare find within the city. Built in 1955, the 1,540 sqft house features a finished basement and a split garage. Its primary appeal lies not in the house itself, but in the immense potential of the land. The property ranks in the top 1% in Winnipeg for lot size, offering unparalleled space for expansion, gardening, or future development. It suits buyers looking for a long-term family home with room to grow, or those with a vision to substantially renovate or rebuild on a premier, established lot. The existing home provides functional living space while the true value is in the land, making it ideal for a patient buyer who sees the opportunity beyond the current structure.

Frequently Asked Questions

1. What does the lot size actually allow for?
At over 21,800 sqft, the lot is significantly larger than typical city properties. This opens possibilities not usually available, such as adding a substantial addition, building a detached workshop or studio, or creating extensive landscaped gardens, all while maintaining privacy.

2. How does the age of the home affect things?
The 1955 build date means systems like plumbing, electrical, and the roof will likely need scrutiny and may require updating or replacement. However, homes of this era on large lots often have simpler, more modifiable layouts, making thoughtful renovations or a future rebuild more straightforward.

3. The rankings show high value for the lot but lower for the house. What does this mean?
The data confirms the property's appeal is land-driven. It ranks in the top 5% of the community for lot size but only in the top 33% for living area. This indicates you are purchasing a premium location and space, with a home that may need investment to match the lot's caliber.

4. Is the finished basement a full secondary suite?
The listing notes a finished basement but does not specify a separate entrance or kitchen. It likely provides additional living and recreational space rather than a legal rental suite, but this should be verified during a viewing.

5. Why is the 2017 sale price relevant today?
The prior sale at $375,000, compared to the current assessed value of $458,000, shows a trajectory of value growth, primarily in the land. It underscores that in desirable locations, especially with unique features like lot size, the underlying land appreciates steadily even as the dwelling ages.