1 Monaco Bay

1. Key Characteristics & Buyer Profile

This is a 1,080 sqft single-family home built in 1962 on a 6,250 sqft lot in Windsor Park (Monaco Bay). Its standout feature is the lot size: it ranks in the top 17% on its street and top 26% citywide, which is noticeably larger than both the street and neighbourhood averages. The home itself is close to the average size for the area but slightly below the citywide median. The assessed value sits at $374,000, a bit above the neighbourhood average but slightly below the citywide average, reflecting the trade-off between a bigger lot and a modestly sized house.

The appeal here is straightforward: you're getting more land than most comparable properties nearby, without paying a premium for a larger home. That makes it a strong fit for buyers who value outdoor space, gardening, or the potential for future expansion. It also suits someone who wants a solid, unremarkable mid-century home in an established neighbourhood, rather than a newly built or renovated property. The construction year is right at the street average, so you're not dealing with an unusually old or new build for the area.

A less obvious perspective: the lot size advantage matters more here than a few extra square feet of living space would, especially in a market where land is appreciating faster than structures. Another thought: being "above average" in the neighbourhood for assessed value but not the street suggests the value is tied more to the land than the house itself—worth keeping in mind if you're considering renovations.

2. Frequently Asked Questions

1. How does the lot size compare to other homes in the area?
It's larger than average. On Monaco Bay, it ranks 8th out of 48 homes (top 17%), and across Windsor Park it sits in the top 30%. Citywide, it's in the top 26%, so it's a genuinely spacious lot relative to the neighbourhood.

2. Is the house itself small compared to others?
It's very close to the average for both the street (1,087 sqft) and the neighbourhood (1,091 sqft). But citywide, the average is 1,342 sqft, so it's a bit smaller than what you'd find in newer or more affluent parts of Winnipeg.

3. What does the assessed value tell me about the property?
At $374,000, it's slightly above the neighbourhood average ($354,000) but below the citywide average ($390,000). This suggests the land is adding some value, but the home itself isn't pushing the price up. It's not overvalued relative to the area.

4. How old is the house, and is that a concern?
Built in 1962, which is basically the median for the street and neighbourhood. It's not unusually old or new for the area. Many homes in Windsor Park are from the same era, so you're not taking on extra risk compared to nearby properties.

5. What kind of buyer would this home not suit?
It probably won't appeal to someone looking for a move-in-ready, modern interior with an open floor plan. It's also not ideal if you want a small, low-maintenance yard—the lot is larger than average, which means more upkeep.