511 Best Street – Property Summary
Key Characteristics & Buyer Profile
This 1,457-square-foot home on Best Street in Winnipeg’s Westwood neighbourhood was built in 1961 and sits on a 5,137-square-foot lot. The property’s strongest attribute is its living space relative to its street. Among the 50 comparable homes on Best Street, it ranks in the top 4%—meaning it offers noticeably more square footage than most of its immediate neighbours. The assessed value of $319,000 is around average for the street and citywide, though it falls below the Westwood neighbourhood average of $392,100.
The appeal here is subtle. While the home doesn't stand out in its broader neighbourhood or city rankings for lot size, value, or year built, it performs exceptionally well on its own block. This suggests a street where larger floor plans are uncommon, which could translate to a sense of spaciousness not easily found nearby. The lot, at 5,137 square feet, is generous for Best Street (top 22%) but smaller than the Westwood norm, reflecting a trade-off common in older, established areas: more indoor space on a compact lot.
This property would suit buyers who prioritize interior square footage over land, and who value being on a specific street with strong relative livability. It may appeal to families needing room inside without the maintenance of a large yard, or to someone looking for a home that sits favourably compared to its immediate neighbours rather than competing citywide. The below-average assessed value relative to Westwood could also interest value-conscious buyers who see potential to build equity in a modestly priced home within a more expensive neighbourhood.
Five Frequently Asked Questions
1. How does this home compare to others on Best Street?
Very well in terms of living area (top 4%), and above average for land size (top 22%) and year built (top 26%). The assessed value is around average. In short, it’s one of the larger, newer, and better-lotted homes on the block without commanding a premium price.
2. What does “Below Average” in the neighbourhood rankings mean for resale value?
It doesn’t necessarily indicate a poor investment. The home’s assessed value and land area are below the Westwood average, but they’re in line with citywide norms. This can mean the property is priced more affordably than much of the surrounding area, which may attract buyers priced out of the neighbourhood’s pricier listings.
3. Why is the living area ranking so much stronger on the street than in the neighbourhood?
Best Street has smaller-than-average homes for the area (average 1,181 sqft versus 1,372 sqft for Westwood). This home’s 1,457 square feet is a standout on its block but only around average for the broader neighbourhood. This pattern is typical in older subdivisions where street-by-street variance can be high.
4. Is a 1961 build a concern in terms of maintenance?
Not necessarily, though it depends on what’s been updated. The home is newer than the street average (also 1961) but older than the neighbourhood average (1966). Mid-century homes in Winnipeg often have solid construction but may need updates to mechanicals, windows, or insulation. A buyer should factor in potential renovation costs, but the age alone is not unusual for the area.
5. How does the land-to-house ratio work here?
With 1,457 square feet of living space on a 5,137-square-foot lot, the footprint is roughly 28% of the land. This is a moderate ratio—more house and less yard than the typical Westwood home, which averages 1,372 square feet on 6,491 square feet of land. For someone who wants indoor space without a large lawn to maintain, this is a practical fit.