473 Best Street – Property Summary
Key Characteristics & Buyer Profile
This 1,457 sqft home sits on a 5,130 sqft lot, built in 1961. Its standout feature is its position on Best Street itself. Among the 50 comparable homes on this street, it ranks in the top 4% for living area and top 16% for assessed value ($338k). That means you’re getting one of the larger, more valuable homes on a street where the average is already solid.
The trade-off shows up at the neighbourhood and city level. In Westwood, the home’s assessed value lands below the neighbourhood average ($392.1k), and its lot size (5,130 sqft) is small relative to nearby properties (6,491 sqft average). The year built (1961) is also older than the neighbourhood average (1966). So you’re paying below the local median for something that likely needs updating or has a tighter yard.
The appeal here is specific: if you care about being on a top-ranked street within this area, this is a rare opportunity. You get a larger-than-average house on a street that outperforms its surroundings on value and size. It would suit a buyer who values street prestige and living space over lot size or modern finishes—someone willing to buy into a strong micro-location and possibly renovate over time. It’s less suited for those seeking a turnkey home on a generous lot or a property that competes evenly with the rest of Westwood.
Frequently Asked Questions
1. How does the assessed value compare to similar homes on the street?
The home is assessed at $338k, which is about $9k above the street average of $329.2k. It ranks 8th out of 50 on Best Street—above average, but not the highest.
2. Is the lot size a concern for this area?
It depends on your perspective. The lot is 5,130 sqft, which is very close to the street average of 5,250 sqft. But compared to the Westwood neighbourhood average of 6,491 sqft, it’s noticeably smaller. If you compare citywide, it’s roughly average.
3. Why is the assessed value low for the neighbourhood but high for the street?
The street has a lower average value ($329.2k) than the broader Westwood area ($392.1k). This home sits above the street norm but below the neighbourhood norm. It’s a case where the immediate street is less expensive than the surrounding area, so you’re getting a relative bargain on the street while still being priced below many nearby homes.
4. What does “Top 4% for living area on the street” actually mean in practice?
It means only 2 out of 50 comparable homes on Best Street have more square footage than this one. The home is substantially larger than the street average of 1,181 sqft. For a buyer who wants space without moving to a pricier neighbourhood, that’s the key selling point.
5. How does the age of the home (1961) affect its value or appeal?
The home is right at the street’s average build year (1961), so it fits in with its immediate neighbours. But it’s older than the Westwood average (1966) and the citywide average (1966). This likely means systems (roof, furnace, windows) may be original or older, which could require maintenance or updates. It’s a factor that helps explain the below-neighbourhood assessed value.