103 Mira Gate – Property Summary

Key Characteristics & Buyer Profile

This 1,327 sqft home, built in 2021, sits on a 2,342 sqft lot. Its most striking feature is the street-level comparison: on Mira Gate, it ranks #1 for living area (top 3%) and #6 for year built (top 21%). That means it's one of the largest and newest homes on its immediate street. The assessed value of $356,000 is roughly average for the street but noticeably below the neighborhood and city medians—partly because the surrounding West Kildonan Industrial area has larger, older homes with higher valuations.

The property’s appeal lies in its newness relative to the wider city (top 2% citywide for year built) combined with a manageable footprint. The land area is small—bottom 2% citywide—which reflects the infill nature of this lot. For a buyer, this means less yard maintenance but also limited outdoor space. The value proposition is interesting: you’re getting a very recent build on a desirable street, priced below much of the surrounding area. This would suit a buyer who prioritizes a move-in-ready, modern home in a quieter pocket, doesn’t need a large lot, and is comfortable with the assessed value being lower than the broader neighborhood average—potentially signaling less upside pressure but also less risk of being overpaying for the location.

Frequently Asked Questions

1. Is this a good investment given the below-average assessed value compared to the neighborhood?
The assessed value is $356k, which is below the neighborhood average of $442.9k. That gap mostly reflects the home’s smaller land area and the fact that nearby properties tend to be older with larger lots. Given the home is new and ranks highly on its street, it may hold value well relative to its immediate surroundings, but don’t expect rapid appreciation driven by land speculation. It’s a solid, conservative entry point for a modern home in a modest area.

2. How does the small lot actually feel day-to-day?
At 2,342 sqft, the lot is tight. Expect minimal front and back yard space—likely just enough for a small patio and some planting. If you’re used to a traditional Winnipeg lot with a garage and garden, this will feel compact. On the plus side, maintenance is minimal, and the home’s new construction likely includes efficient use of the space (think open layout rather than sprawling rooms).

3. Why is the neighborhood ranked “Below Average” for living area and value?
The West Kildonan Industrial area includes a mix of older single-family homes and some commercial/industrial properties. The average living area is 1,591 sqft and the average assessed value is $442.9k, both higher than this home. This doesn’t mean the area is undesirable—it means this particular home is slightly smaller and lower-valued than the zone’s typical stock, which is often older and larger. You’re getting a newer, smaller home in a zone where larger properties dominate.

4. How does this compare to other new builds in Winnipeg?
Citywide, this home ranks in the top 2% for year built—so it’s genuinely new relative to the vast majority of Winnipeg homes (average year built citywide is 1966). Living area is around average for the city, and the lot is at the low end. For someone looking for a new build without paying for a massive lot or a premium address, this is a practical option. It’s not a luxury home, but it’s current and functional.

5. What should I look out for when viewing?
Given it’s a 2021 build, construction quality should be good, but check for any settling or finish issues typical of newer homes. The small lot means the house is likely close to neighbors—note privacy and noise. Also confirm whether the assessed value reflects actual market conditions; a $356k assessment in a $442k average area could mean the home is priced to move, or it could indicate the location has less demand. Ask your agent for recent sale comparables on Mira Gate specifically, not just the broader neighborhood.