Property Overview: 87 Miramar Road
This 1955-built, one-storey home in Roblin Park sits on a notably large, mature lot of over 12,000 square feet. Its key appeal lies in the balance between its established neighbourhood setting and the significant potential offered by its generous land. With 980 sqft of living space and a finished basement, the home provides functional living quarters, but the real standout is the property itself. It ranks in the top 3% of Winnipeg for lot size, offering a rare degree of privacy and space for gardens, recreation, or future expansion that is hard to find within the city.
The home would suit a practical buyer who values space over sheer square footage. It's ideal for someone with a vision—whether that's enjoying an established, park-like yard, undertaking a thoughtful renovation of the existing structure, or seeing the long-term potential for redevelopment. It also appeals to those seeking a stable, well-located community with the character of an older neighbourhood, who are comfortable with a home that requires updates reflective of its age.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The property's lot size is in the 97th percentile for Winnipeg, meaning it's larger than 97% of residential lots in the city. This isn't just a big yard; it's a substantial piece of land that provides unusual scope for gardening, adding outbuildings, or future projects.
2. The home was built in 1955. What should I be aware of?
While the basement is finished, a home of this age will likely have original or older components (like plumbing, electrical, windows, and the roof) that require inspection and may need updating or replacement. This is a key factor in budgeting.
3. There's no garage. Is adding one feasible?
Given the enormous lot size, adding a garage or a sizable workshop is very feasible from a space perspective. Any structure would need to comply with current zoning bylaws and setback requirements, but the property offers ample room for it.
4. How do the value rankings work?
The site compares this property's key metrics (like lot size, age, living area, and assessed value) against similar data for other homes on its street, in Roblin Park, and across all of Winnipeg. A high ranking (e.g., top 3% for lot size) indicates a strong, competitive advantage in that specific category.
5. The 2020 sale price was lower than the current assessment. Why?
Market conditions have shifted significantly since mid-2020. The current assessed value reflects the municipal valuation for taxation purposes, but the ultimate market price is determined by what buyers are willing to pay in the current environment, considering the property's unique features like its exceptional lot.