Property Summary: 464 Raquette Street
Key Characteristics, Appeal & Buyer Profile
This 1961-built home offers 1,049 sqft of living space on a 5,126 sqft lot. Its assessed value is $322,000, and it sits in the Westwood area of Winnipeg.
The appeal lies in its balance and relative value. While the house is smaller than average for both its community (where most homes are around 1,372 sqft) and the city overall, its lot size is competitive for its own street. The land is where the property stands out most—it ranks in the top 42% on Raquette Street, meaning you get a yard that is generous compared to immediate neighbours. The assessed value is noticeably below the community average of $392,000 and slightly below the street average, which suggests a lower entry point for the area. You are paying for land and location, not excess square footage.
This property would suit a buyer who prioritizes outdoor space over interior size and is comfortable with a home from the 1960s. It is a strong fit for someone wanting to get into the Westwood neighbourhood at a lower price point than many nearby homes, or for a buyer willing to invest in updating or expanding the interior, given the solid lot size. It is less suited to someone needing a large, move-in-ready home or a very recent build.
Five Possible FAQs
1. How does this home's size compare to others on the same street?
It is slightly smaller than average. The average living space on Raquette Street is around 1,197 sqft, and this property is 1,049 sqft, ranking 97th out of 139 homes. It is a modestly sized home on a street where many homes are a bit bigger, but not dramatically so.
2. Why is the assessed value lower than the community average?
Several factors contribute: the home is older (built in 1961, compared to the Westwood average of 1966), its living area is smaller than most homes in the community, and the land area is significantly below the Westwood average of 6,491 sqft. The combination of a smaller building on a smaller-than-average lot for the area pushes the assessed value down.
3. Is the land size a disadvantage or an opportunity?
It depends on your perspective. Compared to the wider Westwood community, the 5,126 sqft lot is small. However, on its own street, the lot ranks in the top 42%, meaning it is actually bigger than many of its immediate neighbours. The opportunity is that you have a yard that is generous for the street, without the premium you would pay for a larger lot elsewhere in the neighbourhood.
4. What does "below average" for the community actually mean for resale?
It means the property occupies a more affordable segment of the Westwood market. Homes with higher assessed values and larger square footage dominate the top end. This property's price point and profile appeal to a different buyer—often first-time buyers or those prioritizing land or location over a large house. Resale will likely be to a similar buyer profile.
5. How does the 1961 build year affect the property's overall ranking?
It ranks in the bottom half for age on its street (104th out of 139) and the bottom 13% for the community (2,194th out of 2,523). This means most homes in Westwood are newer. Older homes can involve more maintenance but may also offer more character or a different layout. The build year is a clear factor in the lower assessed value, which is a trade-off for price-conscious buyers.