Property Summary: 485 Best Street, Winnipeg
Key Characteristics & Buyer Profile
This 1,057 sqft bungalow built in 1961 sits on a 5,132 sqft lot in Westwood. The property is assessed at $336,000. Compared to other homes on Best Street, it ranks well: top 22% for assessed value and top 26% for year built, suggesting it’s both newer and more valuable than many neighbours on the same block.
The appeal here is subtle but real. On its street, this home holds its ground. But zoom out to the Westwood neighbourhood or city-wide, and the numbers shift: it ranks in the bottom 20% for living area, land size, and assessed value against the broader area. That means you’re buying a home that’s strong relative to its immediate neighbours, but modest compared to the rest of Westwood or Winnipeg. That discrepancy can work in a buyer’s favour if they’re looking for a solid entry point in a neighbourhood where larger, higher-value homes are the norm—without paying a premium for the address.
This property would suit a buyer who values street-level comparables over neighbourhood averages. It’s a good fit for someone who wants a reasonably sized home on an average lot, in a mature area (Westwood has older housing stock), and is comfortable that they’re not getting the biggest or newest house on the block—but also not overpaying for one.
Frequently Asked Questions
1. How does this home compare to others on Best Street specifically?
It ranks above average on the street for assessed value (11th out of 50) and year built (13th out of 50), while being around average for living area and land size. That means it’s a relatively well-valued, newer-ish home among its immediate neighbours.
2. Why does it rank lower in Westwood than on its own street?
Westwood has larger homes and lots on average (e.g., average living area is 1,372 sqft vs. 1,181 on Best Street). This property is smaller and sits on less land than many in the broader neighbourhood, which pulls its ranking down—even though it’s competitive on its street.
3. Is the assessed value of $336,000 realistic given the neighbourhood?
It’s below the Westwood average of $392,100 but above the street average of $329,200. The value makes sense: you’re paying for a home that’s average for its immediate area, not for the higher-priced homes further into the neighbourhood.
4. What’s the significance of the “top 66%” or “top 89%” labels?
These are percentile rankings—lower is better. For example, “top 66%” means it ranks higher than 34% of comparable homes; “top 89%” means it ranks higher than only 11%. It’s a way to see quickly where the property stands relative to others.
5. Should I expect this home to feel small compared to others nearby?
Inside and out, yes—relative to much of Westwood. But on its street, it’s right around the median. If you’re comparing to houses a few blocks away, it may feel compact; if you’re comparing to its immediate neighbours, it’s typical.