Here is the property summary for 3 Monaco Bay, written in a clean, standalone format.

1. Key Characteristics & Buyer Profile

This is a 927 sqft home built in 1961 on a 5,460 sqft lot, located in the Windsor Park area. Its assessed value sits at $361,000.

The property’s appeal is rooted in its value positioning rather than its size. Compared to similar homes on the street, in the neighborhood, and across Winnipeg, both the living area and lot size are below average. The assessed value, however, is around average for its street and neighborhood, and below the citywide average. Its construction year is also in line with the surrounding area.

This home would suit a buyer who is more focused on affordability and location metrics than on square footage or a large yard. It’s a practical fit for a first-time buyer, an investor, or someone looking to downsize who does not need maximum space but wants a property with a moderate tax base relative to the city. The data suggests you are paying a fair market price for a smaller-than-average footprint, rather than a premium for extra land or rooms.

2. Frequently Asked Questions

1. How does the lot size compare to other homes in the area?
The lot is noticeably smaller than average. It is ranked 42nd out of 48 homes on its own street, and 2,574th out of 3,307 in the wider Windsor Park neighborhood. This means most comparable nearby properties have more outdoor space.

2. Is the assessed value of $361,000 a good deal?
It is an average price for Monaco Bay and slightly above the neighborhood average ($354,200), but it sits below the citywide average for similar home types ($390,100). You are not overpaying relative to the immediate street, but you are paying a slight premium compared to the broader Windsor Park area.

3. What kind of condition might a home built in 1961 be in?
A home of this age could have original features or have been updated. Since the year built is average for both the street and neighborhood, you can expect it to be consistent with the character of the area. It would be wise to check the age of the major systems (furnace, roof, windows) rather than assuming anything based on the construction date alone.

4. Why is the living area ranking so poor if the home is priced around average?
This is the property’s defining trade-off. The 927 sqft living area is below average across all three comparison levels. Because the value is average, you are essentially paying the same price as a neighbor with a larger home. The value comes from the location and the lot’s relative position, not from the interior square footage.

5. What does the "top 83%" ranking for the street actually mean?
It means that 83% of comparable homes on Monaco Bay have a larger living area than this one. This is a straightforward rank—the higher the percentage, the more similar homes you are "behind" in that specific category. It is a useful benchmark to understand that this unit is on the smaller end of the scale for its immediate street.