2 Monterey Road

2 Monterey Road – Property Summary

Key Characteristics, Appeal, and Ideal Buyer

This property is a 1,040-square-foot home built in 1961, sitting on a 6,985-square-foot lot in Windsor Park, Winnipeg. Its standout feature is the lot size. On Monterey Road, it ranks number one out of 21 homes, and within the neighbourhood it falls in the top 13%. The land is noticeably larger than the street average of 5,893 square feet and the neighbourhood average of 6,030. The year built also ranks first on the street, which is uncommon for a 1960s home and suggests good structural consistency among neighbouring houses.

The living area is above average for the street (top 14%) but sits around the neighbourhood and city averages. The assessed value of $370,000 is above average on the street and in the neighbourhood, but close to the citywide median. The data shows a home that gets you more land than most nearby options, without a premium on interior space.

The appeal here is practical. You're buying location and yard, not square footage. It suits buyers who value outdoor space, gardens, room for additions, or a garage workshop—things a larger lot makes possible. It also works for someone who wants a solid, modest home in a decent neighbourhood without paying for extra interior space they don't need. It could appeal to renovators who see the underutilised interior as an opportunity. The home is not newly built, so someone looking for turnkey modern finishes may not be the right fit.

Frequently Asked Questions

1. How does this property compare to similar homes in Windsor Park?
The lot is significantly larger than average for the neighbourhood (top 13%), and the assessed value is above average (top 30%). The living area is essentially average for Windsor Park. This means you're getting more land than most comparable homes, but the house itself is not unusually large or small by local standards.

2. Is this house a good candidate for expansion or an addition?
The lot at nearly 7,000 square feet provides more flexibility than most homes on the street or in the area. Whether you can add square footage depends on zoning, setbacks, and permits in Winnipeg. It's worth checking with the city, but the lot size alone puts you in a better position than many neighbouring properties.

3. What does the assessed value of $370,000 actually tell me?
It's above average on Monterey Road and in Windsor Park, but close to citywide median levels. That suggests the property is priced in line with its location and features—nothing is wildly over- or undervalued. It's a realistic benchmark, not a deal or a red flag.

4. Why is the year built "Elite" on the street but average otherwise?
On Monterey Road, this home is the oldest (tied with others built in 1961, ranking first out of 21). In the broader neighbourhood and city, 1961 is very common. The street-level ranking stands out because most homes on this particular block are newer, so the original building year is less typical there.

5. Who should avoid this property?
Buyers looking for a large, open interior, modern layouts, or a recently renovated home may find the 1,040-square-foot, 1961-built layout limiting. If you need move-in ready with no plans to alter the house itself, this might not be the best fit. It's better suited to someone who sees potential in the land, or who values a manageable home with outdoor room to spare.