Property Overview: 104-223 Masson Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, no-fuss property in Central St. Boniface. Built in 1992, it is notably newer than many homes on its street and in the wider historic neighbourhood, potentially offering more modern building systems and less immediate need for major updates. With 1,134 square feet of living space, it provides practical room for living without being excessive. The appeal lies in its straightforward, low-maintenance profile—it has no basement, pool, or garage—making it a true lock-and-leave option. Its recent sale price aligns closely with its assessed value, suggesting a stable, market-supported valuation.
The property would suit a first-time buyer, downsizer, or investor seeking an affordable entry into the sought-after St. Boniface area without the upkeep demands of a century home. It’s also a pragmatic choice for someone who values newer construction within a mature neighbourhood but doesn’t require a large yard or additional storage buildings. A less obvious perspective is its potential as a cost-effective home base for someone who travels often or prefers to spend their time and resources enjoying the neighbourhood’s vibrant culture and amenities rather than on home maintenance.
Frequently Asked Questions
1. What does "no basement" mean for storage and utilities?
All living space is on a single level, and mechanical systems like the furnace and water heater will be located in a closet or utility room within the main living area. You would need to plan for in-suite or external storage solutions.
2. How does the age (1992) compare to the rest of St. Boniface?
This home is significantly newer than the neighbourhood median. On Masson Street itself, its 1992 build date ranks in the top 5%, meaning it's one of the newest properties on the block, which is typically filled with much older homes.
3. Is the assessed value a reliable indicator for this property?
The recent sale price was very close to the assessed value, which indicates the assessment was accurate and the purchase represented fair market value at that time.
4. Who is responsible for exterior maintenance and grounds?
As a condominium or strata property (indicated by the unit number and building type), exterior maintenance, landscaping, roof repairs, and building insurance are typically managed and cost-shared through a monthly condo fee. Specifics should be confirmed with the property manager.
5. What is the context for the sale price within Winnipeg?
The sale price sits around the average for the city overall. In the Central St. Boniface neighbourhood, it is also around the average, but on the specific street, it was below the average for recent sales, which may reflect the building type and lack of additional features like a garage.