Property Summary: 73 Miramar Road, Winnipeg
Key Characteristics & Appeal
This is a classic, single-storey home in the established Roblin Park neighbourhood, built in 1954. Its most defining feature is the exceptionally large, mature lot of over 20,000 square feet, which places it in the top 1% of properties in Winnipeg for land size. The home itself is a manageable 1,092 sqft with a finished basement and a detached garage.
The primary appeal lies in the rare opportunity for significant outdoor space and future potential within a well-regarded community. It suits two distinct types of buyers: those seeking a spacious, private yard for gardens, recreation, or family life, who are comfortable with a home of a classic era; and visionaries or builders who see the value in the land itself for potential expansion or redevelopment down the line. While the house offers solid basics, the true standout is the lot—offering privacy and possibilities that are increasingly hard to find within the city.
Frequently Asked Questions
1. Is the large lot a benefit or a burden?
It is a major benefit for privacy, space, and potential, but it also means higher property taxes and more yard maintenance compared to standard city lots. The value is for those who will actively use or appreciate the extra land.
2. What should I know about a house built in the 1950s?
While solidly built, prospective buyers should budget for updates to major aging components like the roof, windows, plumbing, and electrical systems. A thorough inspection is essential to understand the home's current condition.
3. How does the finished basement add value?
It provides additional living space, which is a significant plus in a 1,092 sqft main-floor home. Ensure you understand the quality of the finish, ceiling height, and whether it meets current building codes for living areas.
4. The rankings show high land value but average home value. What does this mean?
The assessment and rankings indicate that a substantial portion of the property's value is in the land itself. This is common for older homes on large lots and reflects the property's redevelopment potential as much as its current living space.
5. What is the neighbourhood like?
Roblin Park is a mature, sought-after community with a high ranking for its area. The property's location on a street where it surpasses 84% of neighbouring homes for lot size suggests it is among the most private and spacious in the area.