Property Summary: 1 Monterey Road
Key Characteristics & Buyer Profile
Size Relative to Neighbourhood: The living area is 948 sq ft, which is smaller than average for its street, community (Windsor Park), and the city of Winnipeg. On its own street, it ranks 18th out of 21 homes, putting it in the bottom 15%. This makes it a more compact option in a neighbourhood where most homes are larger.
Lot Size as a Differentiator: The land area is 6,250 sq ft, which sits above average for the street, community, and city. On Monterey Road, it ranks 5th out of 21. The combination of a modest home on a larger-than-average lot is a meaningful detail—it gives outdoor space that many comparable homes on the street lack.
Property Tax Assessment: The assessed value is $346,000, close to the average for the street ($350,000) and community ($354,000), and below the city average ($390,000). This suggests the property is priced in line with local expectations, without the premium attached to newer or larger homes.
Year Built: Constructed in 1961, this home is tied for the oldest on the street (ranking 1st out of 21, in the top 5%). It matches the average build year for Windsor Park and is slightly older than the city average of 1966. This is typical for the area, not a drawback, but buyers should expect original construction materials and systems common to early-1960s homes.
Who This Suits: Buyers who prioritize outdoor space over interior square footage will see the value here. It also suits those comfortable with a home from the early 1960s—where updates may be needed or already completed—and who want a property with realistic tax and price positioning rather than inflated comparisons. First-time buyers or those looking to expand a home on a good lot may find it offers room to improve.
Five Possible FAQ
1. How does the living space compare to other homes in Windsor Park?
This home is smaller than roughly 79% of homes in the community. Windsor Park’s average living area is about 1,091 sq ft, so at 948 sq ft, this property is on the compact side for the neighbourhood.
2. Is the lot size considered large for the street?
Yes. At 6,250 sq ft, it ranks 5th out of 21 homes on Monterey Road. It’s above the street average of 5,893 sq ft and also above both the community and city averages.
3. Does the assessment value suggest the home is overpriced or undervalued?
It falls close to the street and community averages, and below the city average. This suggests the assessment is in line with local property values, not inflated. Buyers should still check recent sale data for comparable homes.
4. What should I know about a home built in 1961?
Homes from this era often have solid construction but may need updates to electrical, plumbing, insulation, or windows. The fact it’s the oldest on the street (tied with others built the same year) means it’s part of a consistent vintage, so neighbourhood-wide conditions may be similar.
5. Does the smaller living area affect resale value relative to other homes on the street?
It could, depending on buyer preferences. Homes with larger square footage tend to command higher prices, but a larger lot can offset that. The combination of a smaller house on a good-sized lot may appeal to buyers who want to renovate or expand, which can improve resale potential over time.