Property Overview: 127 Paul Martin Drive, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This 1,220 sqft home, built in 2005, presents a compelling opportunity in Winnipeg’s Mission Gardens neighborhood. Its primary appeal lies in its strong relative value and above-average positioning within its immediate area. The home boasts a living area that is notably larger than most on its street and is situated on a lot size that is also above the local average. Crucially, its assessed value consistently ranks in the top 20% within both its street and the broader Mission Gardens area, suggesting it is viewed as a higher-value property in its peer group. This combination of a modern build (relative to the city's older housing stock), generous interior space for the locale, and a solid assessment foundation makes it a practical and efficient choice.
The property would suit value-conscious buyers looking for a home that stands out positively in its direct surroundings without a premium city-wide price tag. It’s ideal for someone who prioritizes space and newer construction within a established neighborhood, and who understands that a strong assessed value relative to nearby homes can be a favorable indicator. A less obvious perspective is that this home offers a "big fish in a small pond" advantage—it provides more room and a higher perceived value than many of its closest neighbors, which can be a benefit for both daily living and future resale within the community.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $44,400 is for municipal tax purposes. The home last sold for an estimated $400k-$450k in 2021. The selling price is determined by the current market, but a consistently high assessment relative to comparable homes can indicate a property that has historically maintained strong market value in its area.
2. Is the living space sufficient for a growing family?
At 1,220 sqft, the home is above the average size for both its street and the Mission Gardens area. This suggests it offers more interior space than many nearby options, making it a competitive choice for families looking in this specific neighborhood.
3. What does the "above average" ranking for Year Built in the wider city mean?
Built in 2005, this home is newer than approximately 85% of all homes across Winnipeg. This is a significant advantage, typically implying fewer immediate concerns with major aging components (like roofing or foundation) compared to the city's predominantly older housing stock.
4. How can I find out the exact historical sold prices?
The provider offers a manual service to share exact sold price data. You can submit your email via the "Get exact sold price history" button on the listing page, and they aim to reply with the accurate figures by the end of the same business day.
5. The lot size seems smaller than the city-wide average. Is that a concern?
The 4,994 sqft lot is around the average for the Mission Gardens area. While smaller than the typical Winnipeg lot, it is actually above average for Paul Martin Drive itself. This indicates the lot is competitively sized within its most relevant market—the immediate neighborhood where you would be living and comparing.