157 Raquette Street – Property Summary

Key Characteristics & Buyer Profile

This 1,078 sqft home, built in 1965, sits on a 5,122 sqft lot in Winnipeg’s Westwood neighbourhood. What stands out most is its assessed value relative to the street it’s on: at $395,000, it ranks in the top 4% on Raquette Street, well above the street average of $344,000. That’s a notable gap. The living space, however, is slightly below both the neighbourhood and city averages, and the lot is smaller than typical for Westwood (where properties average 6,491 sqft). The build year is close to the median for the area.

The appeal here is less about space and more about value positioning within a specific street context. A buyer gets a home that carries a higher assessed value than most of its immediate neighbours, which can signal stronger equity or desirability within that block. But the trade-off is clear: the interior and lot are on the smaller side for the neighbourhood. This property likely suits someone prioritising location and street-level value over square footage—perhaps a downsizer, a buyer looking for a more compact yard, or someone who values the perceived stability of a well-ranked asset on a specific street. It’s less suited to buyers who need maximum space or a large lot for their money.

Five Frequently Asked Questions

1. How does the living space compare to other homes in Westwood?
It’s below average. The neighbourhood average is about 1,372 sqft, while this home is 1,078 sqft. It ranks in the bottom 16% of the community for living area, so if interior square footage is a priority, this property may feel compact relative to nearby homes.

2. Why is the assessed value high when the home is smaller than average?
Assessed value reflects a combination of factors including location, lot dimensions, condition, and recent market sales—not just floor area. This property’s strong ranking on Raquette Street suggests it may have features, updates, or a position that the market values more than size alone. It’s a reminder that “value” and “space” don’t always move together.

3. Is the lot size a concern?
It depends on your expectations. The lot is about 600 sqft smaller than the average on the same street and more than 1,300 sqft smaller than the Westwood average. For someone who wants less yard maintenance, that could be a plus. For gardening, expansion, or privacy buffers, it may feel tight.

4. How old is the home, and does that matter in this neighbourhood?
Built in 1965, it’s slightly newer than the street average (1963) and close to the neighbourhood median (1966). A home from this era is common for Westwood and often means solid construction, but it’s worth checking for updates to major systems like plumbing, electrical, and insulation. Age alone isn’t a red flag here—it’s typical for the area.

5. Who is this property really for?
It’s best suited for a buyer who values being on a street where their home ranks well in assessed value, and who doesn’t need maximum interior or lot space. That might be someone moving from a larger home, a professional couple, or an investor looking for a property with potentially stronger resale positioning on its specific block. It’s less ideal for a family needing room to grow or a buyer chasing the biggest lot per dollar.