48 Monaco Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,025-square-foot home built in 1961, sitting on a 5,643-square-foot lot. Its assessed value is $368,000. The property performs modestly relative to its immediate street and neighbourhood, but falls slightly below citywide averages in living area and land size.
The appeal here is stability rather than standout metrics. On Monaco Bay, the home ranks in the top 40% for assessed value and top 48% for year built – meaning it holds its ground among nearby properties without being an outlier. In the broader Windsor Park neighbourhood, assessed value climbs to the top 33%, suggesting good relative value for buyers focused on that area.
Where the property falls short is living area (below the street and city averages) and land area (below average on the street and neighbourhood level). The lot, at 5,643 square feet, is notably smaller than the citywide average of 6,570 square feet. This may appeal more to buyers who want less yard maintenance or a more compact outdoor space.
This home suits buyers who are prioritizing location and neighbourhood stability over maximum square footage. It would work well for someone looking for a solid mid-century build in an established Winnipeg neighbourhood like Windsor Park – perhaps a first-time buyer, a downsizer, or an investor interested in a property that tracks average for its area rather than standing out.
Five Possible FAQs
1. How does this property compare to others on the same street?
It ranks 19th out of 48 homes on Monaco Bay for assessed value (top 40%), and 31st for living area (top 65%). The lot is on the smaller side for the street – ranked 34th out of 48. The home’s value and condition are around average for the immediate area.
2. Is the living space too small for a family?
At 1,025 square feet, it’s below the citywide average of 1,342 square feet for comparable homes. It’s best suited for individuals, couples, or small families who don’t need extra rooms for dedicated office or guest space. The layout and potential for basement development would matter here.
3. What’s the neighbourhood like?
Windsor Park is an established area with a mix of older homes. The property sits on a quieter street (Monaco Bay). Neighbourhood rankings show the home is slightly above average for assessed value (top 33%) and around average for year built, which suggests a relatively consistent housing stock.
4. Is the assessed value fair compared to the market?
The assessed value of $368,000 is above the street average ($362.7k) and neighbourhood average ($354.2k), but below the citywide average ($390.1k). This is a common pattern for older, smaller homes in inner-ring suburbs – the value reflects the lot and location more than the structure.
5. Should I be concerned about the lot size?
The lot is below average for the street and neighbourhood, but not drastically so – it’s 5,643 square feet versus the street average of 5,906. For citywide comparison, it’s below average. This matters most if you want a large garden, room for an addition, or extra parking. For lower-maintenance living, it could be a plus.