95 Miramar Road

Property Overview: 95 Miramar Road

This one-storey home in Roblin Park presents a distinctive opportunity centered on its exceptional land. Built in 1955, the 1,539 sqft house sits on a remarkably large, approximately one-acre lot (44,075 sqft), which is its most defining feature. The home includes a finished basement and a detached garage.

The primary appeal lies in the rare scale of the private outdoor space within the city—a blank canvas for gardening, recreation, or future expansion. Its value is further underscored by strong market rankings: the property ranks in the top 1% of its community and all of Winnipeg for lot size, and its assessed value places it well above area averages. This combination suits buyers looking for a long-term family home with room to grow, those with a vision for extensive landscaping or outdoor hobbies, or investors attracted by the underlying land value in a well-regarded neighborhood. It’s a property where the land is the leading asset, with the house offering functional living space.

Key Considerations & FAQs

1. What does the "finished basement" include?
   The listing notes a finished basement but does not specify the extent, rooms, or ceiling height. A viewing is essential to assess its condition, layout, and suitability for your needs.

2. How does the age of the home (1955) affect this purchase?
   While the structure is older, the tremendous land value is a significant counterbalance. Buyers should prioritize a thorough inspection to understand the condition of major systems (roof, plumbing, electrical) and potential maintenance costs, factoring this into their offer.

3. The lot is huge. Are there any restrictions on its use?
   For any plans beyond standard gardening—such as adding an accessory building, subdividing the lot, or significant landscaping—you must consult with the City of Winnipeg's planning department to understand zoning bylaws and any development restrictions.

4. The 2022 sale price was $440,000, but the current assessment is $524,000. Why the difference?
   Municipal assessments for tax purposes don't always equal market value. The increase likely reflects strong market trends and the unique premium for such a large lot. The actual market value will be determined by current buyer competition and appraisal.

5. Who would this property NOT suit?
   It may not be ideal for buyers seeking a modern, low-maintenance home without renovation projects. The appeal is heavily weighted toward the outdoor space, so those uninterested in utilizing or maintaining a large lot may not find full value here.