37 Monaco Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1961-built home in Windsor Park with 1,089 square feet of living space on a 6,357-square-foot lot. The property sits on Monaco Bay, a street where it ranks in the top 23% for living area and the top 6% for lot size. Its assessed value is $364,000, which lands around the middle of the street and slightly below the citywide average for comparable homes.
Where the appeal lies: The standout feature here is the lot. At more than 6,300 square feet, it’s among the largest on the street and well above the neighbourhood norm. For buyers who value outdoor space—whether for gardening, additions, or simply not feeling boxed in—this addresses a need that’s increasingly hard to meet in established Winnipeg neighbourhoods. The living area is slightly above average for the street but close to the neighbourhood median, meaning the house itself is functional without being oversized. The year built (1961) is typical for the area, so there’s no unusual vintage premium or discount.
Type of buyer this suits: This property works best for buyers who don’t need a large interior footprint but want generous outdoor space in a stable, older neighbourhood. Think of someone looking to renovate a solid mid-century home rather than tear down and rebuild. It could also suit a buyer who plans to expand the house later, given the lot size. Priced around the middle of the pack on its street, it’s not a bargain but also not overpriced relative to neighbours. It would likely appeal to families wanting a yard, or to downsizers who still want room for a garden.
Frequently Asked Questions
1. How does the lot size compare to other homes in Windsor Park?
The lot is larger than about three-quarters of properties in the neighbourhood. On Monaco Bay specifically, only two other lots are bigger. For buyers who prioritize land, this is the property’s strongest asset.
2. Is the assessed value considered high for a 1,089 sq ft home?
It’s slightly below the citywide average for comparable homes but above the average on its own street and in the neighbourhood. In short, it’s not an outlier—just a bit higher than immediate neighbours, likely due to the large lot.
3. What condition should I expect from a 1961 home?
The data doesn’t include condition details. Buyers should expect typical mid-century characteristics: older windows, possible original insulation, and dated finishes. The lot’s size and the home’s age suggest potential for updates or additions, but a thorough inspection is essential.
4. How does this street compare to others in Windsor Park?
Monaco Bay ranks in the top 23% for living area and top 6% for lot size among its 48 homes, but assessed values are middle-of-the-pack. It’s a solid street within a solid neighbourhood, not a standout for prestige or price.
5. Does the neighbourhood support further development or additions?
Given the lot size, zoning will be the key factor. Windsor Park is an established area with older homes, so additions or secondary suites aren’t guaranteed but are possible depending on current city bylaws. Checking with Winnipeg’s planning department is recommended before assuming what’s feasible.