125 Miramar Road

Property Overview & Key Characteristics

This 1955-built, one-storey home in Roblin Park offers a classic, grounded living proposition. Its primary appeal lies in the combination of a very large, 11,156 sqft lot—a rarity that places it in the top 4% of all properties in Winnipeg for land size—with the practicality of a fully finished basement and a split garage. The 768 sqft living area is modest, creating a low-maintenance interior footprint, while the expansive outdoor space presents significant potential for gardening, recreation, or future expansion.

The property suits two main types of buyers: first, those seeking a starter home or downsizing option where the value is squarely in the land and location, with a manageable house to maintain. Second, it appeals to visionaries or long-term investors who see the exceptional lot size as the key asset, ideal for those willing to live in the existing home while planning for a future renovation or rebuild. A less obvious perspective is that this home represents a "land bank" in a well-established neighborhood; its current rankings for living area and age are average, but the outstanding lot size is a permanent, appreciating feature that future development in the area cannot replicate.

Frequently Asked Questions

1. How does the age of the home (71 years) affect its condition and value?
While the 1955 build date places it in the older segment for the city, the home has been maintained with a finished basement. The value here is balanced between the vintage structure, which may require updates, and the irreplaceable, large lot. A thorough inspection is recommended to understand the state of major systems.

2. The living area is ranked in the lower percentiles. Is the house too small?
At 768 sqft above grade, the living space is compact. However, the finished basement effectively doubles the usable area, and the massive lot greatly extends the functional living space outdoors. It's a layout that prioritizes outdoor access over large interior rooms.

3. What does the "top 4% in Winnipeg for land size" ranking practically mean?
This statistic highlights the property's most distinctive feature. You are acquiring a lot size that is exceptionally large for the city, offering unparalleled privacy, space, and potential compared to typical suburban lots, all within an established neighborhood.

4. Who is responsible for the maintenance of such a large yard?
The owner is fully responsible. The sizable yard (over a quarter-acre) is a major asset but also requires considerable upkeep for gardening, landscaping, and lawn care, or an investment in landscaping services or equipment.

5. The assessment value seems moderate given the lot size. Why is that?
Municipal assessments typically reflect a combination of the land value and the current improved value of the structure. The assessment likely reflects the older, modest-sized home on a highly desirable piece of land. Market value is often driven by the development potential and scarcity that such a large lot represents.