55 Monaco Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1963 bungalow with 1,080 square feet of living space on a 6,356-square-foot lot in Windsor Park. What stands out here is not the size or the assessed value—both sit near the middle of the pack—but the land and the age. The lot ranks in the top 10% on its street and top 25% citywide, which is meaningful in an established neighbourhood where large lots are increasingly rare. The year built also ranks first on Monaco Bay, meaning it’s one of the older homes in a street of similarly aged houses. That can appeal to buyers who value mature landscaping, deeper yards, or the potential to renovate rather than build from scratch.
The appeal is subtle. This isn’t a showpiece property. It’s a solid, mid-century home that offers more outdoor space than most comparable listings in the area, with an assessed value ($353,000) slightly below the street and city averages. That gap could signal room for equity growth if the interior is updated, or simply a fair entry point for someone who wants a quieter, more private lot without paying a premium. It suits buyers who are comfortable with a home that’s not turn-key but has strong bones—first-time homeowners looking for a project, downsizers who want a manageable floor plan with a generous yard, or investors targeting the Windsor Park market for long-term hold.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The assessed value is $353,000, slightly below the street average of $362,700 and the neighbourhood average of $354,200. It ranks in the top 53% citywide, which puts it around the middle of the market for Winnipeg. The gap isn't dramatic, but it does mean the property is priced a bit below what the immediate street typically commands.
2. Is the lot size unusually large for the area?
Yes. At 6,356 square feet, the lot ranks in the top 10% on Monaco Bay and top 25% citywide. The street average is 5,906 square feet, so you’re getting roughly 450 extra square feet of land. That’s enough for a sizeable garden, a workshop, or possible future infill potential depending on zoning.
3. What condition should I expect from a 1963 home?
The year built is typical for the neighbourhood—most homes on the street are from 1962. A 1960s bungalow often means a concrete foundation, cast-iron drains, and original electrical if not updated. Buyers should budget for mechanical upgrades and check for knob-and-tube wiring or asbestos in older finishes. The upside is that many homes of this vintage in Windsor Park were solidly built with good framing and brickwork.
4. How does the living space compare to other homes in Windsor Park?
At 1,080 square feet, it’s right around the neighbourhood average of 1,091 square feet. It ranks in the top 40% locally, so it’s not small—just not oversized for the area. The floor plan is likely a standard three-bedroom, one-bath layout, which is common for this era.
5. What’s the neighbourhood like for resale value?
Windsor Park is a stable, established area with consistent demand. The property’s assessed value ranks in the top 53% across Winnipeg, and the lot size is a standout feature that tends to hold value better than square footage alone. If you’re looking at long-term appreciation, land in this bracket often outperforms the building itself.