1. Key Characteristics & Buyer Profile

This is a 1,040 sqft detached home built in 1961, set on a 5,880 sqft lot in Windsor Park. Its standout feature is the build year—it’s among the oldest homes on its street, which often signals solid construction and original character. The living space is slightly above average for the immediate neighborhood but trails typical citywide sizes, so it’s not a sprawling layout.

The property’s appeal lies in its value positioning. The assessed tax value (CAD 326,000) is notably lower than the street and area averages, which suggests a more affordable entry point relative to neighbors. For buyers, this can mean lower property taxes and potentially more room for negotiation or future equity growth. It’s not a flashy home by size or land, but it’s competitive within its street for square footage.

This would suit a first-time buyer or a budget-conscious owner-occupier looking for a solid, honest home in an established area. It’s less ideal for someone seeking a large lot, a recent renovation, or a turn-key modern layout. A more nuanced consideration: older homes like this often have better bones (e.g., true masonry, mature landscaping) than newer builds in the same price range, but they may also need updates to systems or finishes.

2. Five Possible FAQs

1. How does this home’s size compare to others on the street?
It ranks 3rd out of 21 homes on Monterey Road, putting it in the top 14% for living area. That’s a strong position locally, though the home is roughly average for the wider Windsor Park neighborhood and smaller than the typical Winnipeg house.

2. The assessed value is below the street average—what does that mean for me?
It means your property taxes are likely lower than many neighbors with similar homes, which can be a plus for monthly carrying costs. However, it may also indicate the home hasn’t been recently updated or that comparable sales in the area are higher, so you’re buying below the local median valuation.

3. Is the 1961 build year a concern for maintenance?
Homes from this era often have good-quality original materials like hardwood floors, solid framing, and deep foundations. That said, you should plan for potential updates to electrical, plumbing, or insulation, as those weren’t built to modern standards. It’s not a red flag, but a pre-purchase inspection is wise.

4. How does the lot size affect usability?
At 5,880 sqft, the lot is very close to the street average and slightly smaller than the neighborhood and city averages. It’s a typical city lot—enough for a decent backyard, a garden, or a small shed, but not oversized. If you’re looking for a huge yard for building or expansion, this isn’t it.

5. Why is the land ranking better citywide than the living space ranking?
Citywide, the lot sits in the top 35% for size, meaning it’s relatively generous compared to many other Winnipeg properties. The living space, however, is only in the top 68%, which is closer to average. This suggests the overall value here may lean more on the land than on the house itself—something to consider if you’re thinking about long-term land value.