2 Masefield Place – Property Summary

Key Characteristics & Buyer Profile

This is a 3,024-square-foot home on Masefield Place in Winnipeg’s Westwood neighbourhood, built in 1969 on a 7,614-square-foot lot. The home’s standout feature is its size: it ranks in the top 1% for living area citywide and within its neighbourhood, sitting well above both local and city averages. Its assessed value of $651,000 also places it in the top 5% across Winnipeg and top 2% in Westwood, reflecting strong equity relative to surrounding homes.

Where the property is less exceptional is its year built—1969 puts it slightly older than the street average (1971) and right at the citywide median. The land area, while generous at over 7,600 square feet, is middle-of-the-pack on this particular street, though still above average for the neighbourhood and city. In other words, the appeal here is interior square footage and assessed value rather than a sprawling lot or a newer build.

This home would suit buyers looking for substantial living space in an established, well-ranked neighbourhood—likely families or anyone who prioritizes room to spread out over a modern construction date or maximum yard size. It’s a property that offers above-average value density (size relative to price) in a location where most comparable homes are smaller and assessed lower. For someone who values space and resale positioning in a stable inner-ring suburb, this is a strong candidate.

Five Possible FAQs

1. How does the living area compare to other homes nearby?
At 3,024 square feet, it’s roughly 50% larger than the average home on Masefield Place (2,021 sq ft) and more than double the Westwood neighbourhood average (1,372 sq ft). It’s one of the largest homes in the immediate area.

2. Is the assessed value in line with the property’s size?
Generally, yes. The $651,000 assessment is above the street average ($522,700) and well above the neighbourhood average ($392,100). Given the top-tier living area ranking, the value appears proportionate—this isn’t a case where a huge home is oddly under-assessed.

3. Why is the lot ranked lower than the living area?
The lot is 7,614 square feet, which is smaller than the street average of 8,757 square feet, putting it in the middle of the pack on Masefield Place. That said, it’s still above average for Westwood and citywide, so it’s not small—just not oversized relative to the other homes on this particular street.

4. Is a 1969 build something to be concerned about?
Not necessarily. The home is slightly older than the street average but right at the citywide median for similar homes. Many homes from this era in Winnipeg are well-built with solid foundations. The key is to check for updates to major systems (roof, furnace, windows) rather than treating the year itself as a red flag.

5. What kind of buyer typically looks at this property?
Buyers who want a large, well-valued home in a top-ranked neighbourhood without paying a premium for a newer build or oversized lot. It’s a practical choice for someone who prioritizes indoor space and long-term equity over curb appeal or a modern floor plan.