Property Overview & Key Characteristics
This one-and-a-half storey home at 150 Masson Street in Central St. Boniface presents a classic Winnipeg character home built in 1942. Its primary appeal lies in a desirable combination of a generous, above-average lot and a recently renovated basement, offering solid potential on a well-sized property. With a living area of just over 1,000 sqft, the house itself is more modest in size, suggesting a cozy layout that is efficient to maintain.
The property’s standout feature is its 5,036 sqft lot, which is notably larger than most on its street and in the immediate area. This provides valuable outdoor space and future flexibility that is harder to find in mature neighbourhoods. The detached garage and renovated basement add practical utility. It last sold in January 2022 for $350,000, a price point that was around average for the area at the time.
This home would suit first-time buyers or downsizers seeking an established neighbourhood like St. Boniface without the footprint of a very large house. It’s also a candidate for buyers who value land size over interior square footage, seeing the lot as a long-term asset for gardening, expansion, or simply having more private outdoor space than the typical inner-city property.
Frequently Asked Questions
Q: How does the lot size compare to nearby properties?
A: The lot is a key advantage. At over 5,000 sqft, it ranks in the top 23% on Masson Street itself, meaning it's significantly larger than many of its direct neighbours and offers more yard space.
Q: The living area seems smaller than average. How is the layout?
A: At approximately 1,013 sqft, the living space is indeed compact. This typically indicates a traditional, efficient floor plan common to homes of this era. Buyers should be prepared for cozier rooms rather than open-concept areas.
Q: What does the "renovated basement" entail?
A: The listing confirms the basement has been renovated, but the specific scope and quality of finishes are not detailed. This would be a key point for a home inspection and discussion with the seller to understand what was done and if it includes legal secondary suite potential.
Q: The home was built in 1942. What should I be aware of?
A: While the renovated basement is a plus, a home of this age will likely have original elements elsewhere. Prospective buyers should budget for and investigate the condition of major systems like plumbing, electrical, and the roof, which may need updating or have ongoing maintenance needs.
Q: How does the assessed value relate to the last sale price?
A: The 2022 sale price of $350,000 is substantially higher than the current assessed value of $33,800. This is normal, as municipal assessed value for tax purposes is not a market appraisal. The sale price from two years ago is a more relevant indicator of its recent market value, though current conditions may have shifted.