Property Overview: 151 Masson Street, Central St. Boniface
Key Characteristics & Appeal
This two-storey home at 151 Masson Street presents a distinct profile within Winnipeg’s historic St. Boniface neighbourhood. Its primary appeal lies in its modern construction, being built in 2014, which makes it a notable exception on a street and in an area dominated by much older homes. This translates to potential advantages like newer building systems, modern layouts, and less immediate need for major renovations.
The home features 1,303 sqft of living space, which is competitive for the area, situated on a compact 1,823 sqft lot. This smaller lot size is a key characteristic; it means minimal yard maintenance but also limited private outdoor space. There is no basement, garage, or pool.
This property would best suit a specific type of buyer: someone seeking the character and location of Central St. Boniface but with a strong preference for a newer, low-maintenance home. It’s ideal for empty-nesters, young professionals, or investors looking for a modern property in an established neighbourhood without the upkeep of a large yard or the surprises that can come with century-old homes. A thoughtful perspective is that this home offers a "lock-and-leave" convenience within a walkable, historic community—a rare combination. Its above-average assessed value for the immediate area reflects its modern build, but buyers should note the lot size is significantly below local averages, which influences both its utility and its future development potential.
Frequently Asked Questions
1. What are the main advantages of this home compared to others in St. Boniface?
The most significant advantage is its age. Built in 2014, it is one of the newest homes in the area, likely featuring contemporary construction standards, energy efficiency, and modern interior finishes that are uncommon in this historic neighbourhood.
2. Are there any drawbacks to the small lot size?
Yes. The lot is in the bottom 3% for size on its own street. This means very little private yard space and limited potential for expansions like a large deck, garage, or addition. It also typically means homes are built very close to their neighbours.
3. What does "no basement" mean for storage and utilities?
All living space is on the two main floors. Utilities like the furnace and water heater will be located on the main floor, and storage space will be limited to closets, attics, or possibly a small shed. This is a crucial consideration for those accustomed to basement storage or recreational space.
4. How does the assessed value compare to the last sale price?
The home was last sold in June 2022 for $46,500. The current assessed value is $43,300. This difference can be influenced by market changes, specific assessment criteria, and updates to the property. It’s a starting point for valuation, not a definitive market price.
5. Who might this property not be suitable for?
It may not suit families requiring multiple bedrooms and ample play space, hobbyists or gardeners needing significant outdoor area, or anyone who desires a traditional character home with the architectural details of Old St. Boniface. The compact lot and lack of a basement also limit storage and expansion options.