Property Overview & Appeal
This 986 sqft property at 1-207 Masson Street in Central St. Boniface is a compact, low-maintenance home built in 1989. Its key characteristic is its position as a more affordable entry point into the sought-after St. Boniface area. With no basement, pool, or garage, the appeal lies in its simplicity and potential for a first-time buyer, downsizer, or investor. The home suits someone prioritizing location and budget over square footage, as it ranks in the top 5% for affordability on its own street. A thoughtful perspective is that its smaller size and lack of extra maintenance (like a large yard or basement) could align well with a minimalist or urban lifestyle, freeing up time and resources to enjoy the vibrant surrounding neighbourhood. Its last sale was in 2016 for $220,000.
Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value of $21,500 is a figure used for calculating municipal taxes, not a market price. It indicates the home is likely on the lower end of the market for the area, which is reflected in its below-average sale price history compared to immediate neighbours.
2. How does the living space compare to nearby homes?
At 986 sqft, it is below the average for homes on Masson Street but is around the average for both the wider Central St. Boniface neighbourhood and the city of Winnipeg as a whole. This suggests a efficient, potentially cozier layout compared to its direct neighbours.
3. What type of building is this?
The listing does not specify a building type (e.g., detached, duplex, condo), but the addressing (Unit 1) and the list of nearby properties at the same street number suggest it is likely part of a multi-unit property such as a townhouse or condominium complex.
4. Who would this property not be suitable for?
It would likely not suit buyers looking for extensive private outdoor space, garage parking, a basement for storage or expansion, or a large, detached family home. The smaller footprint requires efficient use of space.
5. What is the significance of the ranking data provided?
The rankings compare this home's year built, size, and assessed value against groups of "comparable homes." They show that while it may be older and smaller than some direct neighbours on its street, it is very typical when viewed in the broader context of the neighbourhood and city, offering a balanced perspective on its value.