Property Overview: 270 Raquette Street

Key Characteristics & Buyer Profile

This is a 1,040 sq. ft. home built in 1963 on a 5,122 sq. ft. lot in Winnipeg’s Westwood area. The property’s main advantage is its assessed value relative to the street it sits on. At $390,000, it ranks in the top 6% of homes on Raquette Street, despite the living space and lot size being smaller than the street average. This suggests a well-maintained or updated interior, or other desirable features that aren’t reflected in square footage alone.

Its appeal lies in being a solid, mid-century home that is priced competitively within its immediate neighbourhood. It’s not the biggest house on the block, but it holds its value well compared to neighbours. The property is likely a good fit for a first-time buyer looking for an established area with a reasonable entry point, or for someone who prioritizes location, lot potential, and a sensible price over raw square footage. It may also appeal to an investor or renovator who sees the smaller footprint and land value as flexible – there’s room to expand or reconfigure if the lot permits, though the lot itself is on the smaller side for the community.

Frequently Asked Questions

1. How does the living space compare to other homes nearby?
It’s on the smaller end. On Raquette Street, the average living area is about 1,197 sq. ft., and this home falls roughly in the bottom quarter of that range. Across the wider Westwood community, it’s even further behind, where the average is around 1,372 sq. ft.

2. Is the property overvalued for its size?
Not necessarily. The assessed value of $390,000 is above the street average ($344,000) but very close to the Westwood community average ($392,000). This suggests that while the house is smaller, its overall condition, location, or other features are bringing the value in line with larger homes in the area.

3. What’s the age of the home, and is that a concern?
The house was built in 1963, which is typical for the street (average 1963) and slightly older than the wider Westwood area (average 1966). A home of this age often has good bones but may need updates to mechanicals, insulation, or windows. It’s not unusually old for the neighbourhood, so major structural issues are not necessarily expected, but a home inspection is wise.

4. How does the lot size affect the property’s potential?
The lot is 5,122 sq. ft., which is smaller than both the street average (5,345 sq. ft.) and the community average (6,491 sq. ft.). There’s not a lot of extra outdoor space for gardens, sheds, or expansion. This matters most if you’re planning additions or want a large yard, but for low-maintenance living, it could be a plus.

5. Is this a good investment compared to other homes in Winnipeg?
The assessed value sits near the city median ($390,000 vs. $390,000 average), while the living space is below the city average (1,040 vs. 1,342 sq. ft.). That means you’re paying a typical city price for a smaller home, but the strong street-level value ranking (top 6%) suggests the property is priced well for its immediate context. It’s a reasonably stable, middle-of-the-road investment, not a standout bargain or an overpriced trap.