22 Monterey Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1,027-square-foot home built in 1961, sitting on a 6,300-square-foot lot in Winnipeg's Windsor Park neighbourhood. The property stands out most for its lot size and age relative to what's nearby. It ranks 3rd out of 21 homes on Monterey Road for lot size (top 14%), and holds the #1 spot on the street for year built—meaning it's among the oldest homes there. The living area is close to the street average, and the assessed value of $363,000 sits slightly above the street average of $349,800 but below the citywide average of $390,100.

The appeal here is more about potential than polish. The generous lot offers room for expansion, landscaping, or redevelopment, especially since older homes in this part of Windsor Park often attract buyers looking to renovate or build new. It's not a move-in-ready premium property, but it's priced accordingly—below the city median for assessed value. This would suit a buyer who values outdoor space and is comfortable with a home that may need updates. First-time homeowners looking for a foothold in a stable neighbourhood, or investors eyeing a lot with good street-level positioning, would likely find this interesting. Less obviously, the 1961 build year could mean solid mid-century construction (often with good bones) but also systems nearing end-of-life—something a practical buyer would factor in.

Frequently Asked Questions

1. How does this property's size compare to other homes nearby?
The living area is essentially average for Monterey Road and Windsor Park, but the lot is noticeably larger than most homes on this street and in the neighbourhood. Citywide, the lot is still above average (top 25%), though Winnipeg's typical lot size is slightly bigger at 6,570 sqft.

2. Why is the assessed value lower than the city average if the lot is large?
Assessed value reflects overall market value, not just lot size. The home's smaller living area and older construction likely hold it back compared to newer or larger homes across the city. On its own street, the above-average lot and solid ranking for value suggest it's priced fairly relative to immediate neighbours.

3. What should a buyer know about a home built in 1961?
Original construction from this era often means plaster walls, possible knob-and-tube wiring, and older plumbing. However, many 1960s homes in Winnipeg have good foundations and framing. A thorough home inspection is key—especially for insulation, windows, and the roof. The home's age is a double-edged sword: character and stability versus deferred maintenance.

4. How does this property rank for investment potential?
The lot size and street-level value position it reasonably well. It's not a top performer citywide, but being in the top quarter for lot size and above-average for assessed value on the street suggests room for appreciation if the home is updated or the lot is subdivided (where permitted). The neighbourhood ranking is solid, not exceptional.

5. What is Windsor Park like as a neighbourhood for homeowners?
Windsor Park is a well-established, mid-century Winnipeg neighbourhood with mature trees and a mix of post-war bungalows and newer infills. It's close to the Seine River, has decent schools, and offers easy access to the South Perimeter and Trans-Canada Highway. It tends to attract families and long-term residents, so turnover is moderate—not a hot market, but a stable one.