436 Best Street – Property Summary
Key Characteristics & Buyer Fit
This 1,143 sqft bungalow sits on a 5,134 sqft lot in Winnipeg’s Westwood neighbourhood, built in 1961. The home’s strongest selling point is its assessed value relative to the street: at $349,000, it ranks in the top 14% on Best Street, meaning it’s priced above the street average of $329,200. However, compared to the wider Westwood area (average $392,100) and citywide ($390,100), it sits near the middle. The living area is roughly average for the street and city, but below the neighbourhood average. The land is also smaller than typical for Westwood, though on par with the street itself.
The appeal here is a home that’s competitively valued on its immediate block—a sought-after pocket—while being moderately priced within the broader market. This suggests a buyer who values street-level location over neighbourhood-wide averages, or someone looking for a price advantage within a specific area. The home may suit first-time buyers or investors wanting a solid entry point into a street where comparable homes cost more, with the potential that the assessed value could reflect recent upgrades or a realistic market position.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
On Best Street, this home’s assessed value ($349K) is above the street average ($329K). But in Westwood overall, the average is $392K, so it’s below the neighbourhood norm. This means you’d be paying less than many nearby homes, but potentially more than other properties on this specific block.
2. Is the lot size typical for the area?
Not really. The lot is 5,134 sqft, which is average for Best Street but smaller than the Westwood average of 6,491 sqft. If you value a larger yard, this property may feel compact compared to neighbours a few streets over.
3. How old is the house, and does the age affect its value?
Built in 1961, it’s older than the typical Westwood home (average 1966). On Best Street, it ranks in the top 26% for age, meaning many nearby houses are newer. This could mean the home has original features or may need updates, but its assessed value suggests the age hasn’t dragged the price down significantly.
4. What does “ranked #17 out of 50 on the street” mean for living space?
It means the living area (1,143 sqft) is slightly below the street median, but not by much—it’s still in the top third. So the home isn’t unusually small for the block, just a bit under the average. For someone who doesn’t need maximum square footage, this could be a fair trade-off for the lower assessed value.
5. How reliable are these rankings for making an offer?
They give a snapshot of where the property sits relative to others in three scopes: street, neighbourhood, and city. The street-level rankings are most specific—here, the home is strong on assessed value but average on living area and land. The neighbourhood and city comparisons show it’s not a standout, which can help with negotiating, but keep in mind these are based on comparable homes, not identical ones. Always verify with a local agent and recent sales data.