Property Overview: 175 Masson Street, Central St. Boniface
Key Characteristics & Appeal
This is a character-filled, two-storey home built in 1890, offering a rare piece of Winnipeg’s architectural history. With 1,404 sqft of living space, it provides comfortable room for a small household. Its primary appeal lies in its location within the vibrant Central St. Boniface neighbourhood and on a lot that is notably larger than many city-wide averages, presenting a valuable canvas for gardening, outdoor living, or future expansion.
The home suits a specific buyer: someone drawn to historic charm and who views the unrenovated basement and overall condition not as a drawback, but as a blank slate. This property is ideal for a hands-on buyer or an investor looking to incrementally restore a classic home to modern standards while preserving its heritage character. Its below-average assessed value, relative to the area and recent sale price, may also appeal to those seeing long-term value potential in a well-established, walkable community. A thoughtful perspective is that while the home is older than nearly all others in the city, this antiquity is precisely what grants it unique character absent in newer builds.
Frequently Asked Questions
1. What does "basement: yes, not renovated" typically mean?
It confirms the home has a basement, but it is in original or utilitarian condition. Buyers should budget for potential updates to moisture management, insulation, or finishing to suit modern needs.
2. The assessed value is much lower than the last sale price. Why?
Municipal assessed value for taxation purposes often lags behind market value, especially after a recent sale. The sale price of $340k is a more current reflection of its market worth, influenced by lot size, location, and buyer demand for character homes.
3. How does the 1890 build year affect ownership?
It promises unique architectural details but necessitates a thorough inspection. Buyers should proactively plan for maintenance and updates to older systems like wiring and plumbing, balancing preservation with modern functionality.
4. Is the land size a significant advantage?
Yes. At 3,299 sqft, the lot is larger than many in Winnipeg, offering more private outdoor space than a typical infill property. This is a key asset for gardens, pets, children, or simply greater distance from neighbouring homes.
5. Who would this home not suit?
It is likely not a match for buyers seeking a move-in-ready, low-maintenance property or those uncomfortable with the ongoing projects and potential costs associated with stewarding a 130+ year-old home.