Key Characteristics and Buyer Profile
This is a 1965-built home with 1,078 square feet of living space on a 5,122-square-foot lot, currently assessed at $378,000 for tax purposes. The property’s appeal lies in its relative value within the immediate neighbourhood rather than its size. On Raquette Street, it ranks in the top 10% for assessed value, suggesting it is one of the more substantial or well-maintained homes on the block, despite its living area being slightly below average for the street. However, compared to the wider Westwood community and the city of Winnipeg, both the living area and lot size fall below typical averages. The lot is notably smaller than many in the area—ranking in the bottom quarter on the street and bottom 7% in the community.
This combination means a buyer is paying for a home that sits well relative to its direct neighbours in terms of quality or upgrades, but is more compact than most surrounding properties. It would best suit someone who prioritizes being on a specific street or within a specific school catchment, values a lower-maintenance yard, and is less concerned about having maximum square footage or a large outdoor space. It may also appeal to buyers who see the higher local assessment as a sign of a solidly maintained home in a desirable pocket of the neighbourhood, rather than a fixer-upper in a transitional block.
Frequently Asked Questions
1. How does this home compare to typical homes in Westwood?
Both the living area and lot size are noticeably smaller than average for the community. Westwood averages around 1,372 sq. ft. of living space and 6,491 sq. ft. of land. This home is roughly 300 sq. ft. smaller inside and has about 1,400 sq. ft. less land. Its assessed value is close to the community average, which suggests the home itself may have better finishes or condition relative to its size.
2. Is the assessed value of $378,000 a fair estimate of the market price?
The assessed value is primarily for property tax calculation and may not directly reflect current market value. However, the fact that this home ranks in the top 10% of assessed values on Raquette Street—while being smaller than the street average—often indicates that assessors are factoring in quality, condition, or recent improvements. A local real estate agent should confirm whether this aligns with recent sales in the area.
3. What does "ranked 106 out of 139 for lot size" on this street actually mean?
It means the lot is smaller than roughly 75% of lots on the same street. If lot size is important to you—either for gardening, expansion, or privacy from neighbours—this would be a relative disadvantage. On the plus side, smaller lots typically require less upkeep.
4. The home was built in 1965. Are there common concerns with homes from that era in Winnipeg?
Homes from the mid-1960s are not typically associated with the widespread knob-and-tube wiring or lead service lines found in pre-1950s homes, but they can have older plumbing (galvanized steel or copper with 50+ years of wear), original windows, and aging insulation. The home’s higher-than-average assessment on the street may suggest it has been updated, but a home inspection should specifically look at the mechanicals and building envelope.
5. What type of buyer would this home not be a good fit for?
Buyers who want a large yard for children or dogs, those looking for the maximum square footage they can get for their money within Winnipeg, or anyone hoping to add a large addition in the future may find the lot constraints limiting. Similarly, someone comparing purely on price-per-square-foot city-wide will likely find larger options in other areas.