55 Mira Gate – Property Summary
Key Characteristics & Buyer Profile
This is a newer home—built in 2021—which puts it among the newest 2% of properties citywide in Winnipeg. The living area is 1,327 square feet, right in line with the average for homes on Mira Gate itself, though slightly below the broader West Kildonan Industrial neighbourhood average of 1,591 square feet. The assessed value is $341,000, which is roughly average for the street but notably lower than the neighbourhood median of $442,900.
Where this property stands out most is its newness and its position on the street. It ranks 6th out of 29 homes on Mira Gate for year built, and the street overall performs strongly in living area (ranked 1st out of 29). The land area is 2,344 square feet—above average for the street but well below what’s typical for the neighbourhood or the city. That’s a trade-off worth noting: you get a newer, well-sized house on a strong block, but the lot is compact.
The appeal here is likely for buyers who prioritize a modern, low-maintenance home in a solid street-level location, rather than those looking for a large yard or a home that matches the neighbourhood’s older, larger stock. It would suit first-time buyers, downsizers, or anyone who wants something move-in ready without the premium of a newer neighbourhood farther from the core. The assessed value is modest relative to the area, which could mean less competition from buyers focused on neighbourhood averages, but also suggests the home may not appreciate as quickly as pricier nearby properties.
Five Possible FAQs
1. How does the property compare to others on Mira Gate?
It ranks well. It’s 1st in living area among 29 homes (top 3%) and 6th in year built (top 21%). Assessed value and land area are around average for the street. So on this block, you’re getting one of the largest and newest homes at a standard price point.
2. The land area is small—is that a problem?
It depends on your needs. At 2,344 square feet, the lot is smaller than 90% of homes in West Kildonan Industrial and 98% citywide. That’s typical for newer infill construction. If you want a big yard for gardening, recreation, or expansion, this likely isn’t it. If you prefer less upkeep, it’s a plus.
3. Why is the assessed value lower than the neighbourhood average?
The neighbourhood average ($442,900) is pulled up by older, larger homes on bigger lots. This property’s smaller land and slightly smaller living area bring its assessment down. It’s not a sign of poor condition—just a different profile than the area’s typical stock.
4. How new is “new” in this context?
Built in 2021, so roughly three to four years old as of this writing. That puts it ahead of 98% of Winnipeg homes by age. You’d expect modern construction standards, updated systems, and fewer immediate repair needs compared to a house from the 1960s or earlier.
5. Would this property rent well or appeal to investors?
It could, but the smaller lot and average assessed value may limit upside compared to properties with more land or lower purchase price relative to rents. The new build and good street ranking might attract tenants who value modern finishes, but the lower neighbourhood ranking suggests the surrounding area may not command premium rents. It’s a more conservative play than a distressed or undervalued property.