437 Best Street

Property Overview: 437 Best Street

Key Characteristics & Buyer Profile

This is a compact Winnipeg home from 1963, with 1,003 square feet of living space on a 5,124 square foot lot. Its assessed value sits at $320,000.

The property’s most distinctive feature is its early build date: on this street, it ranks #2 out of 50 homes, meaning it’s one of the oldest properties in a relatively older pocket. That alone won’t excite everyone, but for a buyer who values original character or the chance to renovate a solid structure from an era known for good bones, this is worth a look.

That said, the living area and land area rank below average at every level — street, neighborhood, and citywide. The lot size in particular (5,124 sqft) is on the small side for Westwood, where the typical lot is nearly 6,500 sqft. The assessed value is around average for the street and city, but sits well below the Westwood neighborhood average ($392K), likely reflecting the smaller footprint.

Who this suits: First-time buyers or downsizers who want an affordable entry into an established, older neighborhood — without paying a premium for a larger house they don’t need. It’s less suited to families wanting generous indoor space or a big yard, or to investors looking for a land-value play, since the lot is smaller than most nearby.

Five Frequently Asked Questions

1. How does the assessed value compare to what I’d actually pay?
Assessed value ($320K) tracks fairly close to the street average ($329K) and city average ($390K), but it’s well below the Westwood neighborhood average. In practice, a final sale price will depend on condition, upgrades, and market demand — a well-updated home on this street could sell above assessment, while a dated one may land below. It’s a reasonable starting point, not a guarantee.

2. Is the small lot a problem in this neighborhood?
It depends. Westwood lots average 6,491 sqft, so this is roughly 20% smaller. If you want a low-maintenance yard or don’t need extra outdoor space for kids or gardening, it’s fine. But if you’re comparing to other Westwood homes with sizable lots, you’re paying less for less land — that’s a trade-off, not a flaw.

3. What’s the advantage of being one of the oldest homes on the street?
Older homes from the early 1960s often have solid framing, fewer engineered materials, and mature trees. They can also offer more flexible floor plans if walls are non-load-bearing. The downside: you may face outdated systems (plumbing, electrical, insulation) and should budget for upgrades. This is a home for someone who sees potential in a fixer-upper or appreciates a more original layout.

4. Why is the living area analysis “below average” at all three levels?
Because the data compares this property to other “comparable homes” — meaning single-family homes, likely similar vintages. At 1,003 sqft, this is smaller than the typical home on its own street (1,181 sqft average), smaller than the Westwood average (1,372 sqft), and smaller than the citywide average (1,342 sqft). The rankings simply reflect that it falls in the lower quarter to lower half of the size range across all scopes.

5. Can I see this property on a map with nearby houses for comparison?
Yes. The neighbourhood analysis page (linked in the full property data) shows this home’s stats alongside those of nearby properties — letting you compare year built, living area, assessed value, and lot size visually. That’s especially useful here, since the home’s small size and older age stand out more when you see what sits around it.