21 Monaco Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,273 sq. ft. home built in 1961, sitting on a 5,985 sq. ft. lot in Windsor Park. The standout feature is its living space: it’s one of the larger homes on Monaco Bay (top 15% of 48 properties) and within the broader neighbourhood (top 12% of 3,307 properties). Locally, that extra square footage is a real advantage compared to the area averages of roughly 1,087–1,091 sq. ft.

Where the property becomes more interesting is the tax assessment. At $347,000, it’s below the street average and sits in the lower half of Windsor Park homes. For a buyer, this means the house gives you more interior room than most nearby properties, but at a relatively modest assessed value—something worth exploring further if you question whether the assessment reflects actual condition or recent updates.

The land is close to the neighbourhood norm, and the build year is typical for the area. This isn’t a flashy property, and it doesn’t aim to be. Its appeal is practical: you get above-average living area in an established, mid-century neighbourhood without paying a premium in assessed value. It would suit a buyer who prioritises interior space over lot size or a newer build, and who is comfortable with a home from the early 1960s that likely needs some personal updating. It's a solid, unpretentious option for someone wanting more room without moving to a pricier part of the city.

Five Possible FAQs

1. How does the living space compare to similar homes in the area?
It’s about 15% larger than the average home on Monaco Bay and roughly 17% larger than the average in Windsor Park. Within the street, it ranks 7th out of 48 properties for square footage.

2. The tax assessment seems low relative to the size—what does that mean?
The assessed value of $347,000 is below the street average ($363,000) and the neighbourhood average ($354,000). This could indicate the home hasn’t been recently renovated or might reflect interior condition that hasn’t kept pace with the area. It’s worth verifying with a realtor or assessor, but it also means potentially lower property taxes compared to similarly sized homes nearby.

3. Is this a good property if I’m looking for a larger lot?
The lot is slightly under the city median size but very close to the Windsor Park average (6,030 sq. ft. vs. 5,985 sq. ft.). It’s not a standout lot, but it’s typical for the neighbourhood. If a big yard is a priority, this isn’t the strongest feature here.

4. What’s the construction quality like for a 1961 home?
Homes from that era in Windsor Park are generally well-built with good bones—often concrete foundations, solid framing, and mature landscaping. However, you should expect the need for updates to mechanicals, windows, or insulation depending on what’s been done. The build year is exactly average for the neighbourhood, so the home isn’t unusually old or new for the area.

5. How does this property compare city-wide?
City-wide, the living area ranks in the top 44% of nearly 200,000 properties, which is slightly above average. The land and assessment both sit close to the city median (top 33% and 55% respectively). It’s a middle-of-the-pack home in Winnipeg, but above average within its immediate street and community.