484 Best Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,028 sqft bungalow built in 1961 on a 5,644 sqft lot in Winnipeg’s Westwood neighbourhood. What stands out most is the gap between living space and land: the house is smaller than average at every level (street, neighbourhood, citywide), but the lot ranks in the top 8% on its street and sits 394 sqft above the street average. That mix often appeals to buyers who prioritize outdoor space or see potential to expand later.
The assessed value of $384,000 is notably strong for its street—fourth out of 50 homes, and well above the street average of $329,200. Yet it sits right around the neighbourhood and city medians. This suggests the value is tied more to the land and location than to the house itself. The home would best suit someone comfortable with a modest interior footprint who sees the yard or lot as the main draw—perhaps a first-time buyer, a downsizer who gardens, or someone open to renovations.
Frequently Asked Questions
1. Is this house considered small for the area?
Yes. At 1,028 sqft, it's about 150 sqft smaller than the street average and roughly 350 sqft smaller than the neighbourhood and city medians. The living area ranks in the bottom 16% on its street and bottom 4% in Westwood.
2. Why is the assessed value so high relative to other homes on the street?
The lot size is a key factor. This property has one of the larger lots on Best Street (top 8%), and land typically carries significant value in established neighbourhoods. The house itself is older (1961) but same as the street average, so the value likely reflects the land more than the structure.
3. How old is the house, and does that matter?
Built in 1961, it's on the older side for Westwood (top 87% in age) but right at average for its street and roughly average citywide. Original mechanicals, windows, and insulation are common concerns with homes of this era, but the consistent street age means many neighbours face similar considerations—it's not an outlier.
4. How does the lot compare to others nearby?
The 5,644 sqft lot is above average for the street but below average for Westwood and the city. On Best Street, it's one of the larger parcels. In the broader neighbourhood, lots tend to be around 6,500 sqft, so this one is somewhat tighter but still workable for a garden, shed, or future addition.
5. What kind of buyer typically looks at a property like this?
Often someone who values outdoor space over indoor square footage, or a buyer willing to invest in updates over time. Because the assessed value is strong relative to street peers but the house is small, it may also attract investors or flippers—though the existing value suggests the premium for land is already priced in, so major upside would come from adding living area, not just reselling as-is.