Property Summary: 129 Miramar Road
Section 1: Key Characteristics & Appeal
This is a classic, well-situated Roblin Park bungalow on a notably large, mature lot. Its primary appeal lies in the combination of a generous 10,618 sqft property—a rarity that places it in the top 5% of Winnipeg for lot size—with a functional, single-level layout featuring a finished basement. The home itself is a modest 994 sqft, presenting a solid opportunity for those seeking a manageable footprint with significant outdoor space.
The property suits two main types of buyers. First, it's ideal for a downsizer or first-time buyer looking for a low-maintenance bungalow with room for gardening or private outdoor living. Second, it represents a clear long-term value proposition for a renovator or builder, given the premium lot size in an established neighborhood. The land itself is the standout asset here, offering future potential that far exceeds the current home's ranking. While the interior is compact and the build year of 1956 indicates a need for updates, the appeal is grounded in the timeless value of space and location.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Roblin Park, and across all of Winnipeg. Key takeaways: its lot size is exceptionally large (top 5% in the city), while the living space and assessed value are more modest relative to its surroundings, highlighting the land's premium value.
2. Is the finished basement included in the 994 sqft living area?
No, the 994 sqft figure typically refers to the above-ground living space. The finished basement provides additional usable area, which is a valuable functional addition to the home's footprint.
3. What are the implications of a 1956 build year?
While the home has been maintained, buyers should budget for updates to major aging components like plumbing, electrical, and the roof. A thorough inspection is essential. The positive perspective is that older homes in this area often feature solid construction and mature landscaping.
4. How does the assessed value compare to the asking price?
The assessed value is $332,000. It's important to note this is for municipal tax purposes and can differ from market value. The fact that it ranks lower in its community for assessment may reflect the home's condition rather than the land's worth, a point for negotiation.
5. What is the potential here for expansion or redevelopment?
The vast lot is the key. It offers ample room for additions like a large deck, garage, or workshop. For the right buyer, it could also be a candidate for a full rebuild in the future, making it a property that holds value based on its land potential as much as its current state.