3 Monterey Road, Windsor Park, Winnipeg

Overview & Appeal

This 1961-built home offers 1,027 square feet of living space on a 5,250-square-foot lot. Its standout feature is the assessed property value: at $377,000, it ranks in the top 10% on its street and top 24% within the Windsor Park neighbourhood, suggesting strong local equity relative to similar homes. The living space is close to the average for both the street and the wider community, while the lot is smaller than typical for the area—ranking in the bottom 16% on the street. The build year (1961) is tied for the oldest on the street, placing it first in that category, though it is consistent with the neighbourhood’s median.

The appeal here is less about square footage or land size and more about value retention. A buyer gets a home that has held or grown its assessed value well compared to immediate neighbours and the broader community, despite being slightly smaller in floor area and on a more compact lot. This property suits buyers who prioritize stable or above-average resale value and are comfortable with a smaller yard and a home that may need updates typical of the early 1960s. It would not be the best fit for someone seeking maximum living space or a large lot for its price.

Five Frequently Asked Questions

1. How does this home’s size compare to other homes in the area?
The interior is slightly smaller than the average for its street and neighbourhood, but the difference is minor. It ranks near the middle for the street and the lower end of the top half for the community. The lot is notably smaller than most nearby properties.

2. Is the assessed value a good sign for future resale?
Yes, relative to its immediate surroundings. The $377,000 assessment is significantly above the average for Monterey Road and Windsor Park, indicating the property has accrued value faster or held it better than nearby homes. This can be a positive signal, but it also means the purchase price may already reflect that premium.

3. What is the construction quality or style of a 1961 home?
Sixty-one is not a standout year for construction style; it falls in the middle period of post-war housing. Homes of this vintage often have solid framing but may have original wiring, plumbing, single-pane windows, or less efficient insulation. A buyer should budget for possible upgrades, though no specific issues are noted for this property.

4. Why is the lot size ranked so low despite being average for the city?
The lot is 5,250 square feet, which is close to the citywide median, but it is small relative to other homes on Monterey Road and within Windsor Park, where larger lots are the norm. The low ranking reflects local competition rather than a citywide deficiency.

5. How does this home stack up against others in the same price range citywide?
Based on the assessment data, $377,000 is slightly below the citywide average for comparable homes. That means this property is relatively affordable for Winnipeg as a whole, even though it ranks high for value within its own street and neighbourhood. Buyers may get more house or land elsewhere in the city for a similar price, but not within this immediate location.