47 Miramar Road

Property Overview

47 Miramar Road is a classic, one-storey home in the established Roblin Park neighbourhood. Built in 1973, its primary appeal lies in its exceptionally large, private lot of over 12,500 square feet—a rare find within the city that offers immense potential for gardening, recreation, or future expansion. The house itself, at 1,408 sqft with an unfinished basement, presents a solid foundation. Its recent sale history and strong city-wide rankings for lot size and value suggest it's seen as a property with significant underlying asset value. This home would perfectly suit a buyer looking for land-first potential, whether that's a family envisioning a backyard oasis, a hands-on owner planning a future renovation or addition, or an investor recognizing the long-term value of a large parcel in a mature area.

Key Considerations & FAQs

1. What is the true draw of this property?
   While the house is a functional living space, the standout feature is undoubtedly the land. The lot size ranks in the top 3% of all Winnipeg properties, offering a level of privacy and space that is increasingly difficult to find without moving to a rural area.

2. Is the unfinished basement a drawback or an opportunity?
   This depends on the buyer's vision. It requires investment to finish, but it also provides a blank slate to create exactly the space needed—a rental suite, a large family room, or dedicated workshops—without the cost of undoing previous renovations.

3. The home sold for significantly more than its current assessed value in 2022. What does this mean?
   This indicates strong market demand for properties of this type in the area. Buyers should be aware that the assessed value is for taxation purposes, and the market value is likely informed by recent comparable sales, the unique lot size, and current market conditions.

4. Who would this neighbourhood suit best?
   Roblin Park is a mature, quiet community with larger lots. It suits those seeking a settled, suburban feel with established greenery, rather than the buzz of a new development. It's ideal for buyers who value space and privacy over brand-new finishes.

5. What are the less obvious factors to consider?
   A home from 1973 will likely require proactive maintenance or updates to major systems (roof, windows, HVAC) in line with its age. The very large lot, while a premium feature, also means higher maintenance or landscaping costs. However, it also provides a unique opportunity for sustainable additions like a large garden, rain catchment, or solar installations.