146 Raquette Street – Property Summary
Key Characteristics & Buyer Suitability
This 1,078 sqft home sits on a 5,124 sqft lot, built in 1965. Its assessed value is $330,000.
The property’s main draw is its age. Built in 1965, it’s older than most homes on the block—ranking in the top 11% for its street. That may appeal to buyers looking for a home with established construction, mature landscaping, or a layout from an era that often prioritized solid materials and larger principal rooms over open-concept trends.
The living area and lot size are both smaller than the Westwood neighbourhood average. The house is roughly 300 sqft below the neighbourhood norm, and the lot is about 1,300 sqft smaller than what’s typical for the area. This means the property is priced below many nearby homes, with an assessed value that sits below both the street and neighbourhood averages.
This property would best suit a buyer who:
- Wants a smaller, more manageable home and lot without high citywide premiums
- Is comfortable with a 1960s layout and sees potential to update interior finishes over time
- Prioritizes location and lot character over square footage
- Is not looking for a “move-in ready” showcase, but rather a solid base with reasonable carrying costs
Five Possible FAQs
1. Why is the assessed value lower than the neighbourhood average even though the home is older?
Older construction doesn’t automatically mean higher value. In this case, the living area and lot size are both smaller than typical Westwood homes, and the home may not have undergone major recent renovations. Assessed value reflects the combination of size, condition, and comparable sales in the area.
2. Is a 1965 home likely to need major work soon?
Not necessarily, but it depends on what’s been maintained. Roofs, furnaces, windows, and foundations all have life spans. A 1965 build is old enough that systems may have been replaced once or twice. A pre-purchase inspection is the only way to confirm what’s original and what’s been updated.
3. How does the lot size affect usability?
At 5,124 sqft, the lot is smaller than Westwood’s average of 6,491 sqft. That means less yard maintenance, but also less space for additions, large gardens, or a detached garage. For many buyers, a smaller lot is actually a benefit—less time spent on upkeep.
4. How does this property compare to others on Raquette Street specifically?
On its own street, the home is close to average in living area, lot size, and value. Its standout feature is being one of the older homes on the block. That can be a plus if you prefer a street with more established character, or a consideration if you’re concerned about aging infrastructure in the immediate area.
5. Would this home be a good rental property?
Given its lower assessed value relative to the neighbourhood, the purchase price may be accessible, and smaller homes often rent well to singles or couples. However, the smaller lot and older build may limit long-term appreciation compared to larger or newer homes nearby. Rental demand in Westwood would need to be verified through current vacancy rates and rental comps.