39 Monaco Bay – Property Summary

Key Characteristics, Appeal, and Buyer Profile

This is a 927-square-foot home built in 1961 on a 5,462-square-foot lot. The numbers tell a specific story: it’s smaller in living area and land than most comparable homes on Monaco Bay, in Windsor Park, and across Winnipeg. Those metrics rank in the bottom 20–25% locally. The assessed value, however, is notably stronger—ranking in the top 27% on the street and top 24% in the neighbourhood. That gap between a smaller footprint and a relatively high assessed value suggests the property’s worth isn’t tied to square footage. It’s likely drawing value from location, condition, lot potential, or recent upgrades.

The appeal here is less about “bigger is better” and more about efficiency or untapped potential. A buyer getting into this home is paying above what you’d expect for the size—so the draw is the street, the neighbourhood, or something about the property itself that isn’t captured purely by floor plans. It suits buyers who are less concerned with raw space and more interested in being in a higher-value area of Windsor Park. Someone looking to renovate or expand could see the smaller living area and sizable lot as a canvas. Investors might note the value gap between size and assessment. First-time buyers who prioritize location over elbow room would also fit well, especially if the interior is already in good shape.

Frequently Asked Questions

1. How does this home compare to others in Windsor Park?
It sits on a smaller lot and has less living space than most nearby homes. The assessed value, however, is above average for the neighbourhood, which is a notable outlier. You’re paying a premium for something other than size.

2. What’s driving the assessed value if the home is small for the area?
That likely comes down to factors not shown in the basic metrics—condition, renovations, a desirable street, or land value that holds its own. Worth investigating whether the kitchen, bathrooms, or mechanicals have been updated, or if the location on Monaco Bay is particularly sought-after.

3. Is a 1961 home likely to need major renovations?
It depends on maintenance history. Homes of that vintage often need updated electrical, plumbing, or insulation. But many have been well cared for. A home inspection and a look at recent permits or disclosed upgrades would tell you more than the year built alone.

4. How does the land-to-living-area ratio affect usability?
The lot is a touch under 5,500 square feet—about average citywide, but small for Windsor Park. The living area is 927 square feet, which is compact. That combination gives you more yard than house. It’s good for someone who wants outdoor space, gardening, or room for a future addition, less so if you need a lot of indoor living area right away.

5. What kind of resale value could you expect?
Hard to predict, but the assessed value is already above the street and neighbourhood averages, and the living area is below average. That could mean upside if you improve the interior, or it could mean the price is already reflecting its full potential. Look at recent sales on Monaco Bay and nearby streets to see if similar-sized, high-assessment homes have held their value over time.