298 Raquette Street

Here is a clean, standalone summary of the property at 298 Raquette Street.

Key Characteristics & Buyer Profile

This is a 1,239 sqft home built in 1963 on a 5,122 sqft lot in Winnipeg’s Westwood neighbourhood. Its defining feature is strong value relative to the street. The home ranks in the top 9% of assessed value on Raquette Street ($380k vs. a street average of $344.3k), while the living area is above average for the street (top 27%). This suggests a property that has been well-maintained or updated, giving it a higher valuation than its immediate neighbours.

The appeal lies in buying into a stronger asset on a specific street without paying a premium compared to the wider neighbourhood or city, where its assessment is considered roughly average. The lot is smaller than typical for Westwood (bottom 7% in the neighbourhood), which may appeal to buyers who want less yard maintenance or prefer a more compact urban footprint. The home is also slightly older than the neighbourhood average by about three years, which may indicate original features or a need for updates depending on its history.

This property would suit a buyer who prioritizes street-level value and wants a home that stands out in its immediate block. It is less ideal for someone seeking a large lot or a newer build. First-time buyers, small families, or investors looking for a solid entry in a stable, middle-tier neighbourhood would find it practical.

Five Possible FAQs

1. How does the lot size compare to similar homes in Westwood?
The lot is 5,122 sqft, which is below average for the neighbourhood (6,491 sqft avg.). It ranks in the bottom 7% locally, so it is one of the smaller lots on the street and in the area.

2. Is the assessed value of $380k in line with the market?
On the street, it is significantly above average (top 9%), reflecting a higher-value home on Raquette Street. Compared to all of Winnipeg and the Westwood neighbourhood, the assessment sits near the middle, meaning the price is competitive relative to the city overall.

3. What does the year built (1963) mean for maintenance and upgrades?
The home is typical for its street but slightly older than the neighbourhood and city averages (both around 1966). Expect the mechanicals and structure to be from the early 1960s, which common upgrades might include updated windows, insulation, or electrical—but it is worth inspecting for original elements like plumbing or the roof.

4. How does the living area of 1,239 sqft feel for day-to-day use?
It is above average for Raquette Street (top 27%), so it offers more interior space than most houses directly nearby. It is slightly below the Westwood neighbourhood average (1,372 sqft), meaning it falls in the compact-but-functional range common for mid-century homes.

5. Where exactly is Westwood, and what is the neighbourhood character?
Westwood is a mature residential area in Winnipeg, dominated by post-war bungalows and split-level homes. It is known for being quiet, family-oriented, and conveniently located near amenities. The property’s average neighbourhood rank for living area and value suggests it fits comfortably within the typical Westwood home profile without standing out as unusual.