32 Monaco Bay – Property Summary

Key Characteristics & Buyer Suitability

This 1961 bungalow in Windsor Park offers 1,033 square feet of living space on a notably large 6,799-square-foot lot. The property’s standout feature is its land: it ranks second out of 48 homes on Monaco Bay (top 4%) and sits well above the street average of 5,906 square feet. The assessed value of $395,000 is also strong for the area, ranking fourth on the same street (top 8%) and in the top 11% across Windsor Park. While the living area is slightly below the citywide average of 1,342 square feet, it’s typical for the immediate neighbourhood. The year built is unremarkable for this pocket of the city.

The main appeal is the generous lot in a stable, established neighbourhood. A buyer who values outdoor space—gardening, room for an addition, a workshop, or a large yard for kids or pets—will see the land as the primary asset. The home itself is modest in size but sits on a plot that offers expansion potential. This property suits someone willing to renovate or redevelop, or a buyer who simply wants more privacy and elbow room than the typical infill lot provides. It’s less ideal for someone seeking a turnkey home or a compact, low-maintenance yard. The assessed value suggests the land is already commanding a premium, so the buyer should be comfortable paying for that upside.

Five Possible FAQs

1. How does the living space compare to other homes in the area?
It’s typical for Monaco Bay and Windsor Park, ranking in the middle to upper half locally. Citywide, it’s below average—but the neighbourhood comps are generally smaller than the city’s overall housing stock, so the difference is partly contextual.

2. What makes the lot size so unusual?
At nearly 6,800 square feet, it’s in the top 4% on this street and top 19% citywide. Lots this size in a developed 1960s neighbourhood like Windsor Park are rare, especially on a quiet crescent. It offers flexibility that newer subdivisions rarely provide.

3. Is the assessed value fair given the home’s age and size?
The value reflects the land more than the structure. The home is older and not large, but the lot’s scarcity and location push the assessed value above average. Comparable homes on the same street average $362,700, so $395,000 is a meaningful premium.

4. What are the renovation or expansion possibilities?
With a lot this size, there’s room for a rear addition, a detached garage or shop, or a significant landscaping overhaul. Buyers should check local zoning and setback requirements, but the lot dimensions offer more options than a standard 5,000-square-foot plot.

5. How does the year built affect maintenance or resale?
A 1961 build is common in this area. The infrastructure (foundation, wiring, plumbing) will reflect its age, so an inspection is wise. That said, many homes of this vintage in Windsor Park have been updated over time, and the neighbourhood’s stability helps resale—especially on a street where lots are becoming harder to find.