Property Overview
134 Masson Street is a two-storey home built in 1941, situated on a generous 5,038 sqft lot in Central St. Boniface. Its key appeal lies in its above-average living space (2,203 sqft) and a land size that is notably larger than most on its street and in the immediate neighbourhood. The home features a detached garage and a basement that is present but not renovated. It last sold in August 2021 for $46,700 and carries a current assessed value of $44,800.
Key Characteristics & Appeal
This property stands out for its spaciousness relative to its local context. With living area rankings in the top 10% for its street, neighbourhood, and city-wide, it offers more interior room than most comparable homes. The lot size is also a significant asset, ranking in the top 13% on Masson Street, providing ample outdoor space or future potential in a central area.
Its primary appeal is to value-conscious buyers seeking a "blank canvas" with good bones in a well-established neighbourhood. It would suit an investor looking for a hold-and-renovate project, a handy homeowner ready to customize a space over time, or a buyer prioritizing lot size and interior square footage over move-in-ready finishes. The unrenovated basement and the home's age mean the appeal is rooted in potential and proportion rather than immediate modern convenience.
A less obvious perspective is the advantage of its 1941 build date within its peer group. While an 85-year-old home requires due diligence, it is newer than the average home on its street (avg. 1930) and in St. Boniface (avg. 1939), potentially implying updates over time or slightly newer construction standards for the area.
Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It confirms the house has a basement, but it is in original or utilitarian condition. Buyers should budget for potential moisture-proofing, insulation, and finishing to create comfortable living or storage space.
2. The sale price and assessed value seem low. Is this accurate?
Yes, based on the provided data. This typically indicates a property valued primarily for its land and building footprint, not for high-end finishes or recent updates. It reflects a price point for the structure and location, with the understanding that interior condition matches the valuation.
3. Who is the "comparable" group for these rankings?
The comparisons are made against similar property types (two-storey homes) in three tiers: others on the same street, within the broader Central St. Boniface neighbourhood, and across the entire city of Winnipeg.
4. What are the implications of such a large lot in this area?
A lot size ranking in the top 13% on the street offers more privacy, yard space, and greenery than neighbours might have. It also presents future opportunities like adding a garage, garden, or addition, subject to local zoning bylaws.
5. Does the older year of build mean major systems need replacement?
Not necessarily, but it warrants careful inspection. A home from 1941 will have older plumbing, electrical, and roofing systems. The fact it is newer than many area comparables is a slight positive, but an inspection is crucial to understand the condition and remaining lifespan of these major components.