59 McMasters Road – Overall Take
If you had to sum this home up in one sentence, it would be this:
It’s not about being new or fully renovated — it’s about location, land, and structure.
First, the conclusion
This is a typical University of Manitoba area home that works for both living and rental, but it stands a bit above the usual student property because it has a stronger foundation overall.
How the home feels
The living area is 1,721 sqft, which is above average both on the street and within Fort Richmond. It’s not a compact home — whether for living or renting, the space feels more comfortable and flexible.
The home was built in 1965, and that needs to be accepted upfront. In this neighborhood, it’s not unusual, as many homes are from a similar era. Still, it is an older property, so maintenance and potential system updates are part of the reality.
What really stands out
The most interesting part of this property is the lot.
At 10,088 sqft, it ranks at the very top on the street (Top 3%), is clearly above average in Fort Richmond, and falls within the top tier citywide (Top 6%).
This is not just “slightly bigger” — it is genuinely rare for the area.
Most homes here rely on location alone. This one has:
- Location
- Plus a large lot
That combination is not common.
Value positioning (important)
Looking at the assessed value, it ranks higher on the street, but sits around the middle within the area and citywide.
What this suggests is:
It’s not an underpriced “deal,” but it’s also not inflated. The pricing generally aligns with what the property offers, making it a balanced value rather than a speculative one.
How to think about its use
This home really has two different ways to look at it:
As a primary residence
It suits buyers who:
- Want to live near the University of Manitoba
- Prefer more interior space
- Value having a larger yard
But you need to be comfortable with owning an older home.
As a rental property
This is more straightforward:
- Close to the University of Manitoba
- Multiple bedrooms (6 total)
- Adequate living space
It fits well into the typical student rental model, but with an advantage — the larger lot and overall size give it more flexibility and long-term potential than standard rental homes.
Final thought
The core of this property is not about being new or visually impressive. It’s about this:
In a strong rental area, it offers a large lot and a solid amount of space.
If you’re looking for a polished, move-in-perfect home, this is not the best fit.
But if you want something with space, flexibility, and long-term potential, while still supporting rental use, this is worth serious consideration.