221 Raquette Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1968-built home in Winnipeg’s Westwood neighbourhood, with 1,262 sq ft of living space on a 5,746 sq ft lot. On Raquette Street, the property ranks in the top 26% for living area and top 12% for lot size, meaning it offers more room than most houses on the block. Its assessed value of $370,000 sits in the top 16% on the street – below the Westwood average of $392,000, but notably above the street average of $344,000. The build year (1968) puts it in the top 4% on Raquette Street, making it one of the newer homes in the immediate area.

The appeal here is partly about value within a specific street context: you get a larger-than-average footprint and lot without paying the higher average price seen across Westwood or Winnipeg as a whole. It’s not a standout city-wide – the property falls near the median for assessed value and age at the city level – but on its own street, it’s a solid performer. The lot is generous for the block (5,746 sq ft vs. street average 5,345), and the home is younger than most nearby.

This property would suit buyers who want a home that offers good relative space and value within a specific street or neighbourhood, rather than a head-turner on a city-wide scale. It’s practical for someone who prioritises a decent-sized lot and doesn’t mind that the assessed value sits below the broader area average – possibly an owner-occupier or a long-term renter looking for stability in an established but not high-demand corridor. The 1968 build suggests solid construction, but expect finishing and systems that may not be modern; a buyer comfortable with updates or maintenance would fit well here.

Frequently Asked Questions

1. How does this home compare to others on the same street?
It ranks in the top 26% for living area, top 16% for assessed value, and top 12% for lot size. It’s also one of the newer homes on Raquette Street, built 5 years later than the street average.

2. Is the lot size considered generous for Westwood?
At 5,746 sq ft, it’s above average for the street but slightly below the Westwood average of 6,491 sq ft. City-wide, it sits in the 38th percentile – meaning 62% of Winnipeg lots are larger.

3. How does the assessed value compare to typical homes in Westwood?
The $370,000 assessment is below the Westwood average of $392,000. It ranks near the median for the neighbourhood (49th percentile), so the home is priced modestly for the area.

4. What does the 1968 build year mean in terms of condition or updates?
The home is newer than most on the street (top 4%), but 1968 is still over 50 years old. Expect typical mid-century construction: good bones, but possible updates needed for electrical, plumbing, windows, or insulation. A home inspection is strongly advised.

5. Who is this property best suited for?
It’s ideal for a buyer who values a larger lot and living space within a modest price range, especially if they’re looking at Raquette Street specifically. Also a good fit for someone willing to invest in updates gradually, or for an investor targeting long-term hold in an established Westwood location.