51 Monaco Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,080-square-foot bungalow built in 1963 on a roughly 5,986-square-foot lot in Windsor Park. The home sits on Monaco Bay, a short street where it ranks #1 in age—meaning it’s one of the very first houses built there. That alone gives it a slightly different character from the surrounding homes, most of which went up around the same era but not quite as early.
The assessed value sits at $359,000, which is essentially average for the street and slightly above the neighbourhood average of $354,200. Compared to the citywide median for comparable homes ($390,100), it’s below that figure, which suggests the price reflects the older construction rather than any premium for updates or location. The living area is also right around the street and neighbourhood average, so this isn’t a house that stands out for size—it’s a solid, mid-range footprint.
The appeal here is subtle. For a buyer who values an original, early-1960s build—often with better materials and more straightforward layouts than later renovations—this could be a find. It’s not flashy, but it sits on a lot that’s within the top third citywide for size, giving it outdoor space that many newer infill homes lack. The street itself is quiet, and the neighbourhood is established, with mature trees and a mix of original owners and newer families.
This property would suit a buyer who wants a functional home in a settled area without paying for cosmetic upgrades they’d need to redo anyway. It’s a good candidate for someone who intends to renovate gradually, or for a buyer who prefers the simplicity of a post-war bungalow over a more expensive, updated property. It’s less appropriate for someone looking for a turnkey home or a large open-concept layout.
Five Possible FAQs
1. Is the assessed value a reliable guide to what this home would sell for?
Assessed value is a useful baseline, but it’s not a market price. In Windsor Park, homes often sell close to assessment if they’re in average condition. However, if the home needs significant updates or if similar houses are selling above assessment in the current market, the final price could differ. It’s best to compare recent sales on Monaco Bay and nearby streets.
2. How does the 1963 build year affect things like maintenance or insurance?
Older homes often have sturdier framing and fewer of the cheap materials used in the 1970s and 80s, but they may also have original plumbing, electrical, or insulation that doesn’t meet modern standards. Insurance rates for older homes can be slightly higher, but many companies offer discounts for updated systems. A pre-purchase inspection is the only way to know what’s original and what’s been replaced.
3. The lot is larger than average citywide—does that matter in Windsor Park?
It does, because many lots in Windsor Park are closer to 5,000–5,500 square feet. A 6,000-square-foot lot gives more room for a garage, a garden, or a future addition without being oversized for the area. That said, larger lots can also mean more yard maintenance or higher property taxes, depending on how the city assesses land value.
4. What does “ranked #1 on the street for year built” actually mean in practice?
It means this was the first or one of the first houses built on Monaco Bay. That can be a positive—early builds on a street sometimes have better lot orientation or less cookie-cutter layouts. On the flip side, if the surrounding houses were built even a year or two later, they might have slightly different foundation standards or materials. It’s worth checking whether the home has had any major structural work.
5. Is this neighbourhood good for resale or rental potential?
Windsor Park is a stable, middle-income area with decent demand. It’s not a hot spot for rapid appreciation, but it also doesn’t swing as much as newer developments. For rentals, the size and layout are typical for a three-bedroom bungalow, which rents steadily. For resale, the key factor will be how the home compares to others that have been updated. An original-condition house will sell to a different buyer than a fully renovated one.