453 Best Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,015 sqft home built in 1963 on a 5,127 sqft lot. The property’s standout feature is its assessed value: at $371,000, it ranks in the top 10% on its street, significantly above the street average of $329,200. Yet the home itself is smaller than most around it—the living area ranks in the bottom 14% on the street, and the lot is on the smaller side for both the street and the Westwood neighbourhood.
The appeal here is value relative to land and location. You’re paying a premium on the street, but the assessment suggests the market has already priced in whatever makes the lot or position desirable. For a buyer, this could mean getting into a higher-value street at a lower square footage cost—if you’re willing to trade interior space for a stronger address or better land position. The year built (1963) is also among the earliest on the street (top 4%), which could matter if you prefer older construction or want a home with more established landscaping and character.
This property would suit a buyer who values the street and neighbourhood over raw square footage—someone who might renovate or add space later, or who simply doesn’t need a large floor plan. It’s less ideal for someone seeking a large family home or a big yard right out of the gate.
Frequently Asked Questions
1. How does the living area compare to similar homes nearby?
The home is smaller than most. On its own street, the average living area is 1,181 sqft; this property is 166 sqft below that. In Westwood and citywide, it’s also below average. If you’re used to homes in the 1,200–1,400 sqft range, this will feel compact.
2. Why is the assessed value high if the house is small?
Assessed value reflects market conditions, not just size. On this street, the home ranks 5th out of 50 in value, meaning buyers in the area have consistently paid more for this property than for others—likely due to land position, street appeal, or upgrades not captured in basic stats. The assessment suggests the lot or location carries weight.
3. Is the lot size a concern?
At 5,127 sqft, the lot is below average for both the street (5,250 sqft) and Westwood (6,491 sqft). But citywide, it’s close to the median (6,570 sqft). If you’re coming from a newer subdivision, this lot may feel standard; if you expect a large Winnipeg yard, it will feel tight. It’s worth viewing in person to gauge usability.
4. How old is the house, and does that matter?
Built in 1963, it’s one of the oldest homes on the street (top 4%). The age could mean original materials, which may need updating, but it also often means a more established lot and neighbourhood. Westwood has a mix of homes from the mid-1960s, so this isn’t unusual for the area. A home inspection would clarify the state of major systems.
5. What kind of buyer typically chooses a property like this?
Someone who prioritizes street quality and assessed value over interior square footage. It could be a couple, a single person, or an investor looking for a smaller home in a higher-value location. It’s less suitable for a growing family who needs extra bedrooms or a large yard immediately.