Property Overview: 123 Paul Martin Drive, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of modern convenience and established neighbourhood value. Built in 2008, it is notably newer than most homes in Winnipeg, ranking in the top 2% for its age on its own street. With 1,261 sqft of living space, it offers above-average roominess for both the Mission Gardens area and its immediate street, providing more interior space than many direct comparables.
The appeal lies in its strong positional value. The property consistently ranks above average in key metrics—especially assessed value—when compared to its street, neighbourhood, and the wider city. This suggests a well-regarded and maintained home in a stable setting. The lot size of 4,994 sqft is generous for the street, offering good outdoor space. Recent sale history indicates solid appreciation, with the 2023 sale placing in the top 11% of the area, pointing to sustained buyer confidence.
This property would suit practical buyers looking for a move-in-ready home without the unknowns of an older build. It’s ideal for someone who values a newer construction year (with potentially lower immediate maintenance) but within a mature neighbourhood, not a brand-new subdivision. It also fits buyers who appreciate clear, data-backed value relative to the immediate surroundings, not just the city at large.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is a key municipal metric for calculating taxes, not a direct market appraisal. However, this home’s assessed value ranks in the top 12-14% locally, which historically correlates with its strong sale performance. The last sold price (2023) was in the top 11% for the area, suggesting the market values it consistently above neighbourhood averages.
2. What does the "newer than most" build year practically mean for a buyer?
A 2008 build typically means modern building codes, materials, and systems (like electrical and plumbing). This can translate to greater energy efficiency and potentially lower near-term repair costs compared to the Winnipeg city-wide average home, which was built in 1966.
3. The living area is above average for the street, but average city-wide. What's the takeaway?
This highlights the character of Mission Gardens as a neighbourhood of relatively modestly sized homes. You're getting one of the more spacious homes on the block, which is a local advantage. The city-wide average is pulled up by much larger, newer suburban homes, so this property offers a comfortable size for an established inner-suburban community.
4. Is the lot size a pro or a con?
It's a relative strength. At nearly 5,000 sqft, the lot is larger than most on Paul Martin Drive, offering good private outdoor space. While some newer suburban lots are larger, this size is very functional and above-par for this specific, convenient location.
5. How stable has the property's value been?
The available sale history shows a clear upward trajectory. It sold in the top 39-44% range for the area in 2017 and climbed to the top 11% by 2023. This consistent ranking above area averages indicates resilient value retention and growth through different market cycles.