Property Overview: 156 Masson Street, Central St. Boniface
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1941, sits on a notably spacious lot in Central St. Boniface. Its 5,036 sqft land area is well above average for Masson Street, offering more outdoor space and potential than most neighbouring properties. The house itself features 1,300 sqft of living space and includes a renovated basement and a detached garage.
The primary appeal lies in its land value and location. The lot size is a significant asset in an established neighbourhood, presenting opportunities for gardening, expansion, or simply enjoying more private outdoor space. The home’s year of construction is also relatively newer compared to others on the street, suggesting potentially fewer concerns associated with very early-century builds. With a recently renovated basement, it offers move-in-ready space beyond the main floors.
This property would suit a practical buyer who values land over sheer house size. It’s ideal for someone looking for a character home in St. Boniface with room to breathe outdoors, or for a buyer with a long-term view who sees the value in a substantial lot. It may also appeal to those wanting a renovated basement for additional living space, without the need for a large or modern-style main floor.
Section 2: Frequently Asked Questions
1. Is the lot size typical for the area?
No, it’s a standout feature. The land is in the top 23% on Masson Street itself, meaning it’s larger than most direct neighbours’ lots by a noticeable margin.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification with the seller or agent regarding the finishes, permitted uses, and the quality of the renovation.
3. How does the home’s age affect its value?
Built in 1941, it is actually newer than many homes on its street, which can be an advantage. However, as with any home over 80 years old, the condition of core components like wiring, plumbing, and the foundation should be carefully evaluated.
4. The assessed value seems low. Why?
The assessed value is for taxation purposes and often doesn’t reflect current market sale prices, as seen when it last sold for $41,300k in 2023. Market value is determined by recent sales of comparable properties, buyer demand, and the home’s specific condition.
5. Who might this property not suit?
Buyers seeking a large, modern interior or a brand-new home may find the 1,300 sqft living area modest. It may also not fit someone looking for a low-maintenance property with a new build’s warranties, given its age and the upkeep a larger lot may require.