6 Masefield Place – Property Summary
Key Characteristics & Buyer Profile
This is a 1971-built home with 2,118 sq. ft. of living space on an 11,848 sq. ft. lot. Its most striking feature is the land: the lot ranks in the top 4% citywide and top 3% within the Westwood neighbourhood, significantly larger than both street and area averages. The assessed value of $520,000 sits around the midpoint for Masefield Place itself, but is well above the Westwood and citywide averages—reflecting the premium placed on the larger site.
The appeal here isn’t a newly renovated interior or a trendy location. Instead, it lies in the combination of generous square footage and a truly oversized lot in an established, upper-tier neighbourhood. The home’s living area also ranks in the top 4% locally, meaning it stands out among its immediate neighbours. Buyers who value physical space—both indoors and outdoors—over turnkey finishes will find this compelling. It would suit someone looking to renovate or expand on a property that already holds strong underlying value, or a family wanting room to grow without moving to the outskirts. Investors might also note that the assessed value hasn’t fully caught up to the land’s ranking, suggesting potential upside.
Frequently Asked Questions
1. How does the lot size compare to other homes nearby?
Exceptionally well. On Masefield Place itself, this lot ranks 2nd out of 9 homes. Within Westwood, it’s in the top 3% of over 2,500 properties, and citywide it falls in the top 4%. At nearly 12,000 sq. ft., it's about 35% larger than the average lot on this street and roughly double the neighbourhood average.
2. Is the assessed value in line with the property’s rankings?
Not entirely, which is worth noting. The home ranks in the top 7% of assessed values in Westwood and top 17% citywide—strong, but less dominant than its lot size (top 3% and top 4%, respectively). This gap between land ranking and value indicates the property may be under-assessed relative to its site, or that the structure itself isn’t fully capturing the lot’s potential in the assessor’s eyes.
3. What condition is the home in?
The data provided doesn’t include condition details. The built year is 1971, which means systems (roof, mechanicals, windows) are likely original or have been updated at some point. A thorough inspection would be essential before any offer.
4. Who typically buys in this part of Westwood?
Westwood is a well-established Winnipeg neighbourhood with a mix of original owners and families moving into larger lots. Buyers here tend to prioritise space, privacy, and proximity to amenities like Assiniboine Park and the Perimeter Highway. It’s not a trendy, walkable core area—more of a settled, residential zone where lot size and square footage drive decisions.
5. What should I consider before making an offer?
Think about what you’d do with the extra land. If you plan to extend the house, add a garage or workshop, or simply want a large yard, this lot gives you options many others don’t. On the flip side, a bigger property means more upkeep. Also, since the home’s value is already above the street average, any major renovations might push it past what neighbouring sales can support—so you’d want to be careful not to over-improve for the immediate block.