440 Best Street

Property Summary

Key Characteristics & Buyer Profile

This is a 1,143-square-foot home built in 1961 on a 5,134-square-foot lot in Winnipeg’s Westwood neighbourhood. The living space is slightly smaller than average for the area, where typical homes run closer to 1,372 square feet. The assessed value of $309,000 sits well below the Westwood median of $392,100, placing it in the bottom 5% of the neighbourhood—making this a relatively affordable entry point into an established middle-class area.

The property performs best relative to its own street, where it ranks in the top third for both size and age. The 1961 build year is actually above average for the street, suggesting it’s one of the older, more solidly constructed homes in a pocket that may have seen more recent infill. On a citywide scale, the home is fairly middling across all metrics—neither standout nor struggling.

Where the appeal lies: the trade-off. You get a modestly sized home on a reasonably generous lot (5,134 square feet is just above the Winnipeg average) at a price that undercuts much of Westwood. For a buyer who wants to be in a decent central-west neighbourhood without paying a premium, this is the kind of house that offers more land than living space—a good candidate for someone who values outdoor room or sees potential to expand later.

This property would suit: first-time buyers priced out of larger Westwood homes, downsizers who don’t need square footage but want a proper yard, or anyone comfortable with a fixer-upper or cosmetic update. It’s less suited for someone seeking a move-in-ready home with modern finishes or a buyer who prioritizes interior space over property footprint.

Five Possible FAQs

1. How does this home compare to others on the same street?
It’s one of the better options on Best Street, ranking in the top third for living area, land size, and year built. The assessed value is actually on the lower end for the street, though—meaning you’re getting more house and lot for less money relative to your immediate neighbours.

2. What does the assessed value tell me about the home’s condition?
Assessed value reflects market conditions and comparable sales, not a home inspection. Being in the bottom 5% of Westwood suggests the property is priced for its age and condition, not that it’s in poor shape. It could mean dated interiors or deferred maintenance, or simply that it’s smaller than most homes in the area. Always verify with a walkthrough.

3. Is a 1961 build considered old for Winnipeg?
In Winnipeg, a 1960s home is common and often well-built. The city has a large stock of post-war housing, and many from this era have solid foundations and good bones. The home’s ranking (bottom 43% citywide) means it’s older than average, but not exceptionally so. Worth checking for things like original wiring, plumbing, and insulation.

4. How usable is a 5,134-square-foot lot?
That’s about average for the city. It gives you a decent backyard without being oversized. For context, it’s enough for a good-sized garden, a small workshop or shed, and some patio space. If you’re comparing to newer suburban lots, many are actually smaller today.

5. What’s the neighbourhood like for resale value?
Westwood is a stable, established area—not a hot up-and-coming zone, but not declining either. Homes here tend to hold value rather than spike. The property’s low assessed value relative to the area means there’s potential for equity gain if you improve it, but don’t expect rapid appreciation. It’s more of a steady, long-term hold than a quick flip.