47 Mira Gate

47 Mira Gate – Property Summary

Key Characteristics & Buyer Profile

This home is a 2021-built property with 1,327 square feet of living space on a 2,344-square-foot lot. Its assessed value is $341,000.

What sets it apart is how it performs relative to different benchmarks. On its own street, the home ranks in the top 3% for living area and top 24% for lot size—meaning it’s one of the larger, more spacious options on Mira Gate. The year built is also strong locally, placing in the top 21% on the street. City-wide, the home is exceptionally new: it ranks in the top 2% of all comparable homes in Winnipeg, most of which were built in 1966.

The trade-off shows up at the neighborhood level. In the West Kildonan Industrial area, the home’s living area and assessed value fall below the average. This is a newer, more compact home in an area where older, larger homes—often with bigger lots—are more common. The lot size is also notably smaller than the neighborhood norm.

The appeal here is for buyers who prioritize a modern, low-maintenance home in a well-ranked micro-location, rather than maximum square footage or a large yard. It would suit first-time buyers, downsizers, or anyone looking for a newer build without the premium often attached to brand-new construction. The home’s value is slightly below both the street and city averages, which could mean more room for negotiation or appreciation if the neighborhood continues to develop.

Five Possible FAQs

1. How does this home compare to others on the same street?
It ranks among the top homes on Mira Gate for living area (#1 out of 29) and is newer than most. The assessed value is around average for the street, and the lot size is above average.

2. Is a smaller lot a disadvantage here?
It depends on your needs. The lot is smaller than the West Kildonan Industrial average, but it’s larger than the street average. If you want a compact yard with less upkeep, this could be a benefit.

3. Why is the assessed value lower than the neighborhood average?
The neighborhood includes many older, larger homes with higher assessed values. This property is newer and smaller, which brings the assessed value down relative to that group, even though it’s on par with city and street averages.

4. What does “top 2% city-wide for year built” mean in practice?
It means this home is newer than 98% of comparable homes across Winnipeg. Most similar homes in the city were built in the mid-1960s, so you’re getting a much more modern structure and likely better energy efficiency and lower immediate maintenance needs.

5. Is this a good investment for the area?
The home is competitively priced relative to its street and the city, but it sits in a neighborhood where the average home is larger and more expensive. If the area sees infill or redevelopment, properties like this could gain value faster than older, larger homes that need more work. It’s a newer asset in a transitional area—worth watching.