Property Summary: 476 Best Street

Key Characteristics & Buyer Profile

This 1,457 sqft home, built in 1962, sits on a 5,645 sqft lot in Winnipeg’s Westwood neighbourhood. Its standout feature is the street itself. On Best Street, the property ranks in the top 4% for living area and top 6% for lot size—meaning it’s one of the larger, more spacious homes on the block. The assessed value of $319,000 is slightly below the street average, which suggests the price is competitive relative to the physical space you’re getting.

The appeal lies in the balance of size and affordability. The home offers more square footage than most nearby properties, and the lot is generous too. But the assessed value sits in the bottom half of the street and well below the neighbourhood average, making it a potential value play for someone who prioritises interior and yard space over the prestige of a higher-priced home.

This property suits buyers who:

• Want a larger-than-average home on a good-sized lot without paying a premium
• Are comfortable in an older home (1962) that may need updates or renovations
• Value street-level status—being on a top-ranked street with above-average dimensions
• Are not looking for a turnkey, high-assessed-value property, but rather one with solid bones and room to improve

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value is $319,000. On Best Street, the average for comparable homes is $329,200, so this property is slightly below that. In the broader Westwood neighbourhood, the average is much higher at $392,100, which means this home is well under the typical neighbourhood assessment. The gap is notable—it suggests either the home is smaller or in less updated condition than the neighbourhood norm.

2. Is the lot size unusual for this area?
Yes, in a good way. The lot is 5,645 sqft, ranking 3rd out of 50 homes on Best Street (top 6%). While the Westwood average lot size is larger at 6,491 sqft, this property still offers above-average land relative to its immediate street. If privacy or outdoor space matters, the lot is a strong selling point.

3. What does the “rankings” system actually mean?
Each metric—living area, assessed value, year built, and land area—is ranked against comparable homes at three levels: street, neighbourhood, and city. A higher rank means you outperform more peers. For example, top 4% on the street for living area means only 2 out of 50 homes on Best Street are larger. The bar fill shows what share of comparable homes you beat, with color indicating the tier (e.g., red for elite, blue for above average).

4. How old is the home, and should that be a concern?
The home was built in 1962. That puts it in the older half of Westwood homes (ranked in the bottom 20% for the neighbourhood), but it’s actually newer than average for Best Street, where many homes are from 1961 or earlier. Age isn’t automatically a problem, but buyers should budget for potential updates to systems like electrical, plumbing, or insulation, which may be original or near the end of their lifespan.

5. Who typically buys on Best Street, and is this a good investment?
Best Street ranks as “elite” for living area at the street level—meaning homes here tend to be larger than average for the immediate block. Buyers often value the combination of space and a quieter residential street. As an investment, the below-average assessed value relative to both the street and neighbourhood suggests room for appreciation if the property is updated over time. But it’s not a starter home or a high-turnover flip; it’s more suited to someone planning to live there for several years and put in some sweat equity.