Property Overview & Key Characteristics
This is a well-positioned condominium unit at 105-223 Masson Street in Winnipeg's Central St. Boniface neighbourhood. Built in 1992, it offers 1,140 square feet of living space. The property presents a practical, no-frills profile with no basement, garage, or pool. Its primary appeal lies in its solid, middle-of-the-pack metrics within a desirable and historic area. It ranks consistently "around average" compared to similar homes on its street, in the neighbourhood, and across Winnipeg for its year built, living area, and assessed value (currently $290k). This suggests a stable, predictable property rather than a standout or fixer-upper.
The unit would suit a first-time buyer, downsizer, or investor seeking an affordable entry into the St. Boniface community without the maintenance demands of a century home. It’s for someone who values location and functional space over premium features or new construction. A thoughtful perspective is that its very "averageness" in key metrics could indicate a lower risk of overpaying for hype or underestimating major flaws, offering a grounded, transparent value proposition in a sometimes volatile market.
Frequently Asked Questions
1. What does the "Top 45%" ranking for Year Built mean?
It means this unit (built in 1992) is newer than approximately 45% of comparable properties in Central St. Boniface. It's comfortably in the middle of the pack, neither historic nor newly built.
2. Why was the 2019 sale price so much lower than the current assessed value?
The sale price of $23,300 in 2019 is not directly comparable to the individual unit's current assessed value. This likely reflects the sale of a different interest (e.g., a parking spot, locker, or a bulk transaction for multiple units) and not the full condominium unit itself.
3. What are the implications of having no basement or garage?
This means all living and storage space is contained on one level. Buyers should plan for in-suite storage solutions and consider where seasonal items like bicycles or tires will be kept. The lack of a basement can also mean mechanical systems are within the living area.
4. How does its value compare to the immediate neighbours?
The assessed value is very close to the street average ($290k vs. $290k average on Masson St.). This immediate context suggests the valuation is in line with its direct peers, not an outlier.
5. What is less obvious about living in a 1992-built condo in this area?
You benefit from modern building standards (post-1980s) while being nestled in a historic neighbourhood. This often means a good balance of efficient insulation and wiring with the mature trees, established streetscapes, and cultural vibrancy St. Boniface is known for, without the potential maintenance surprises of a much older building.