23 Mira Gate – Property Summary
Key Characteristics & Buyer Profile
This 2021-built home offers 1,248 square feet of living space on a 1,918-square-foot lot. Its real strength is how new it is—built in 2021, it ranks in the top 2% citywide for year built, meaning nearly all other homes in Winnipeg are older. On its own street and in the West Kildonan Industrial neighbourhood, it’s also among the newest homes.
Living area and assessed value are both around average for the city, but noticeably below the neighbourhood average. The assessed value of $350,000 is about 21% less than the neighbourhood median of $442,900, while the lot size is small—ranking in the bottom 4% of the neighbourhood and bottom 1% citywide.
The appeal lies in having a very recent build without paying a premium for a larger lot or above-average square footage. This suits buyers who prioritize a newer home with modern construction and lower upkeep, and who don't need a big yard or extra interior space. It could also work for someone who wants to be in an area where most homes are older and more expensive, but at a more accessible price point.
Five Possible FAQs
1. Is this a good option for a first-time buyer?
Probably yes, especially if you want a newer home without the price tag of a larger lot or higher square footage. The assessed value is below both the neighbourhood and city averages, and the 2021 build means fewer immediate maintenance issues.
2. How does the small lot size affect resale value?
Smaller lots can limit appeal for families wanting outdoor space, but they also mean less yard work and lower property taxes. The home ranks near the bottom for lot size citywide, so if resale is a concern, the buyer pool may be narrower—but the newer build and below-average price could offset that.
3. Why is the assessed value low compared to the neighbourhood average?
The neighbourhood average of $442,900 is based on a broader mix of homes, including older ones on larger lots. This home’s smaller land area and living space (both below the neighbourhood median) largely explain the difference. The home isn’t under-valued; it’s simply at a different price point than the neighbourhood norm.
4. What does "ranked top 2% citywide for year built" actually mean?
It means that out of nearly 195,000 comparable homes in Winnipeg, only about 4,100 are newer or the same age. This home is newer than 98% of homes citywide. In practical terms, you're getting a very recent build in a city where most homes are from the 1960s or earlier.
5. Is this home good for someone looking for a quiet, low-maintenance property?
Yes, and that’s an underrated angle. The small lot and modern build mean less time on yard work and fewer repair surprises. But note that the lot size is below average even for the street, so if you want a garden or room to expand, this likely isn’t the one.