Property Summary: 12 Monaco Bay

Key Characteristics & Buyer Profile

This 1,080 sqft bungalow, built in 1963 on a 6,091 sqft lot, sits on Monaco Bay in Winnipeg’s Windsor Park neighbourhood. Its standout feature is the land. The lot is above average for the street (ranked 9th out of 48) and the city (top 29%), offering more outdoor space than many comparable homes. The home itself is also the oldest on the street, built in 1963, which may appeal to buyers who value established construction and mature landscaping over newer builds. Its assessed value of $395k is notably above the street average ($362.7k) and the neighbourhood average ($354.2k), ranking in the top 11% locally and top 8% on the block. The living area, however, is close to the street and neighbourhood averages—neither notably large nor small.

The appeal lies in the balance between a solid, mid-sized home and a generous lot in a well-ranked street. The property is not a fixer-upper or a showpiece; it's a practical, lived-in home with above-average assessment value relative to its immediate peers, suggesting good bones or recent updates that have kept it competitive. This makes it suitable for a buyer who prioritizes outdoor space and wants a home that already holds its value in a desirable pocket of Windsor Park. It's less suited for someone seeking a modern, turn-key interior or a large living area. Rather, it fits someone who sees the lot as the primary asset—a place to garden, add a garage, or expand the footprint later. The buyer is likely practical, not trend-driven, and comfortable with a 1963-era home that has likely seen some maintenance but isn't a renovation project.

Five Possible FAQs

1. How does the assessment value compare to what similar homes actually sell for?
   Assessment value is a tax estimate, not a market price. While this home's assessment of $395k is well above the street average of $362.7k, final sale prices depend on condition, renovations, and buyer demand. The high ranking (top 8% on the street) suggests the home has above-average features for Monaco Bay, but it should be compared to recent sold data, not just assessments.

2. Is the living area too small for a family?
   At 1,080 sqft, it’s compact but functional—typical of mid-century bungalows in the area. It's around the same size as the street average (1,087 sqft) and neighbourhood average (1,091 sqft). It may feel tight for a growing family unless the basement is finished and used daily. The larger lot (6,091 sqft) could allow for a future addition, which is a consideration.

3. Why is the lot ranked higher citywide (top 29%) than locally (top 35% in the neighbourhood)?
   This happens when a city has many smaller lots, while the immediate neighbourhood also has larger ones. In Windsor Park, lots average 6,030 sqft, so this one is just above the local average. But citywide, the average is 6,570 sqft, so a 6,091 sqft lot is actually above average compared to Winnipeg as a whole. The lot is decent for the area, and excellent for the city.

4. The home was built in 1963—what should I look out for with that age?
   A 1963 home can be solidly built, but common concerns include original plumbing (especially galvanized pipes), aging electrical systems, and potential for outdated insulation. Lead paint is less of a concern for homes built after 1960, but asbestos in flooring or insulation can still be present. A pre-purchase inspection is strongly recommended, especially for a home that outranks every other on the street for age.

5. Is Windsor Park a desirable neighbourhood?
   It’s a well-established, mid-century neighbourhood with mature trees and close access to the Seine River and some larger parks. It tends to attract a mix of younger families and older residents who appreciate the quiet, residential feel and proximity to St. Vital Centre and major routes. It’s not a trendy downtown area, but it’s stable and family-oriented. The home’s ranking in the top 11% for assessment locally suggests it's in a stronger pocket of Windsor Park.