12 Monterey Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1961 bungalow-style home with 816 square feet of living space on a 5,250-square-foot lot, assessed at $359,000. The property sits in Winnipeg’s Windsor Park neighbourhood.

Where the appeal lies: The standout feature is the year built—this home is the oldest on its street (top 5%), which often signals solid mid-century construction and a character that newer infills lack. The assessed value sits right around the street and neighbourhood averages, meaning it’s priced in line with what local buyers expect. The lot size is smaller than typical for the area, which could appeal to someone wanting less yard maintenance or a more compact footprint.

What type of buyer it would suit: This property works well for someone who values location and bones over square footage. It’s not a “move-in ready” showcase for buyers seeking turnkey space, but rather a good candidate for a first-time buyer, a downsizer, or an investor who sees potential in a solid older structure. The smaller living area and lot mean lower upkeep costs, but the home’s age may require some updating—so it suits someone comfortable with a project or who appreciates original character.

Frequently Asked Questions

1. How does the living area compare to other homes nearby?
   At 816 sqft, it’s below the street average (1,022 sqft), the neighbourhood average (1,091 sqft), and the citywide average for comparable homes (1,342 sqft). For context, it ranks in the bottom 5% on its own street for size.

2. Is the assessed value a good deal for this area?
   The $359,000 assessment is slightly above the street average ($349,800) and neighbourhood average ($354,200), but below the citywide average ($390,100). It’s roughly in the middle of the pack—neither a bargain nor overpriced relative to local comps.

3. Why is the year built considered “elite” on this street?
   The home was built in 1961, which is the oldest on Monterey Road. While that may not sound prestigious, it means the property is among a small group of original mid-century homes in a street that likely has newer infills. This can be a positive for buyers who prefer older construction over modern builds.

4. The lot is smaller than average—should that be a concern?
   The 5,250 sqft lot is below both the street (5,893 sqft) and neighbourhood (6,030 sqft) averages. It’s about 11% smaller than the typical Windsor Park lot. This isn’t a red flag, but it means less outdoor space and potentially less privacy from neighbours. On the upside, it usually means lower property taxes and less yard work.

5. What’s the overall condition likely to be for a home this age?
   A 1961 home will have original structural elements that are solid if well-maintained, but systems like plumbing, electrical, and roofing may be original or nearing end-of-life. The data doesn’t cover condition, so a home inspection is essential. The low-assessed value relative to city averages suggests it hasn’t been heavily renovated, but that’s not guaranteed.