Key Characteristics & Buyer Profile

This is a 1,040 sqft single-family home on Raquette Street in Winnipeg’s Westwood area, built in 1965. Its appeal lies in the intersection of modest living space and above-average assessed value for the street. The property is smaller than most of its immediate neighbours—ranked 103rd out of 139 homes on the street for floor area—but it sits on a 5,122 sqft lot that, while below the Westwood average, is still close to the citywide norm. The assessed value of $364,000 is notably higher than the street average of $344,000, ranking in the top 22% of Raquette Street, though it falls near the middle of both the community and city comparisons.

What stands out here is not exceptional size or a premium lot, but value consistency. The home is older than many on the street (on the newer side for the area, but not dramatically so), and its price relative to size suggests the property’s worth is tied more to its location and lot than to square footage. This makes sense for a buyer who prioritizes a settled street and a realistic price-to-space ratio over chasing the largest home in the block. It would suit someone comfortable with a 1960s layout—likely needing updates or accepting its original form—who values being in a solid, mid-range neighbourhood over having a standout property. First-time buyers, downsizers, or investors looking for a functional home with decent land in a modestly priced Winnipeg community would find this a grounded option.

Frequently Asked Questions

1. How does this home compare to others in Westwood for price and space?
The assessed value is close to the Westwood average ($392,000), but the living area is below it (1,040 sqft vs. 1,372 sqft average). You’re paying near the neighbourhood norm for less floor space, which means the value is in the land or location rather than the interior size.

2. Is the lot size considered small for the area?
Yes, in Westwood terms. The lot is 5,122 sqft, ranking in the bottom 7% of the community (2,359th out of 2,523 homes). Citywide, it’s more average, ranking in the top half. If a larger yard is a priority, this property will feel compact compared to neighbours.

3. How old is the home, and is it likely to need major work?
Built in 1965, it’s newer than the street average (1963) but in line with the community and city medians. A home of this age typically needs updates to mechanicals, windows, or insulation, but without a full inspection, it’s hard to say. The assessed value suggests it’s been maintained enough to hold its worth.

4. Why is the assessed value higher than the street average despite being smaller?
The street average for assessed value is $344,000, and this home is valued at $364,000. This likely reflects a combination of factors: a well-kept condition, a desirable lot orientation, or recent upgrades that add market value without changing the floor plan. It’s not a dramatic premium, but it signals that buyers see something beyond square footage.

5. What type of buyer would get the most out of this property?
Someone who wants to be on a street where homes are consistently valued above the local baseline, even if the house itself isn’t large. It works for a buyer who values location stability over space, or for someone who plans to renovate and increase the living area without needing to buy a bigger lot. Investors might also consider it if rental demand in Westwood supports mid-range single-family homes.