Property Overview
This 1925 two-storey home at 161 Masson Street in Central St. Boniface presents a practical opportunity in a historic neighbourhood. Its key appeal lies in offering more interior space than many comparable homes, paired with a renovated basement that adds immediate functional value. The lot is smaller than average for the area, which may appeal to those seeking lower maintenance outdoor space without sacrificing the character of a mature community. With an assessed value around the citywide average, it positions itself as a straightforward, move-in-ready option rather than a fixer-upper or a large-scale project.
Who It Suits:
This home is well-suited for first-time buyers, small families, or downsizers who prioritize living space over yard size and want the charm of an older home without an unrenovated basement. Its average assessed value for the street and city suggests it’s a competitively priced entry point into the St. Boniface area. The buyer likely values the neighbourhood's character and convenience more than expansive private outdoor space.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While the land area is below average for St. Boniface, it translates to less yard maintenance. This can be a benefit for buyers seeking a low-maintenance lifestyle while still having a private outdoor space.
2. How does the living area compare to nearby homes?
This is a standout feature. With 1,632 sqft of living area, the home offers substantially more interior space than the average home in both the immediate neighbourhood and across Winnipeg, making it feel more spacious inside than the lot size might suggest.
3. What does the "renovated basement" include?
The details of the renovation are not specified here. A prospective buyer should confirm the scope, quality, permits, and whether it’s developed into living space or simply updated. This significantly affects the home's usable square footage and value.
4. Why is there a large gap between the 2017 sale price and the current assessed value?
The 2017 sale price of $31,300 is notably low and not directly comparable to the current ~$370,000 assessment. This could indicate a prior distressed sale, a non-arms-length transaction, or a data entry anomaly. Current value is best determined by recent comparable sales and the official assessment.
5. With no garage, what are the parking options?
The listing indicates no garage. Buyers should verify on-street parking regulations, the potential for a driveway or pad, and typical parking availability in this specific section of Masson Street.