Property Summary: 170 Masson Street, Winnipeg

Key Characteristics & Appeal

This well-positioned two-storey home in Central St. Boniface stands out for its generous proportions and established character. Built in 1941, the home offers a notably spacious 1,926 sqft of living area, ranking well above average for its street, neighbourhood, and the city overall. The lot size of over 5,000 sqft is also substantial for the area, providing valuable outdoor space. A key modern update is the renovated basement, adding functional living space. The property includes a detached garage.

Its appeal lies in offering more interior and exterior space than is typical for the locale, wrapped in the charm of a mature St. Boniface street. The home’s significantly above-average assessed and recent sale values suggest it is perceived as a premium property within its immediate market. This isn't just a standard lot; it's a larger, well-regarded home on a street of mostly smaller, older properties.

This property would best suit a buyer looking for a character home with room to grow, who values the established feel of St. Boniface over a new subdivision. It’s ideal for someone who appreciates having space—both inside and out—without moving to the city's edges, and who understands that a home of this era may come with the typical maintenance considerations of an 80-year-old structure.

Frequently Asked Questions

1. Why is the assessed value so much higher than neighbouring properties?
The assessed value reflects the property's above-average attributes for its location, primarily its significantly larger living area and land size compared to nearby homes. It's assessed among the top tier of properties locally.

2. What does a "renovated basement" typically mean for a 1941 home?
While specifics would require an inspection, this generally indicates modernized finishes and likely attention to foundational moisture control and insulation standards, which are key considerations in older Winnipeg homes.

3. Is the detached garage original to the 1941 build?
It is uncommon for a detached garage from 1941 to still be in primary use. It may be a later addition or have been significantly rebuilt. Verification of its condition, electrical service, and suitability for modern vehicles would be advisable.

4. How does the sale price compare to the assessed value?
The home sold for $87,300 in October 2023, which is well above both its assessed value and the average sale prices for comparable homes in the area at that time. This indicates strong market demand for its specific combination of size and location.

5. What are the less obvious considerations for a home of this size and age?
While the space is a major asset, potential buyers should budget appropriately for heating/cooling costs for nearly 2,000 sqft and consider that renovations, while updated, may not be recent. The mature lot offers privacy but may also include older trees with associated upkeep.