492 Best Street

Westwood, Winnipeg

Property score

66.9

Good

Overall 66.9 · Smaller and older than most nearby homes

1,110 sqft (bottom 20%) · Built in 1962 (4 yrs older than avg)

Located in a high-income area with median household income of ~95k

Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 3 dining spots, 1 school, 1 shop, and 2 parks nearby

Living Area

Below average

19% smaller than neighborhood avg.

Year Built

Below average

4 yrs older than neighborhood avg.

Mother tongue

English · 85%Tagalog · 3%

Past 10 years Westwood sales snapshot (~80% of all data)

Sold Count

898

Median price

405k

$/sqft

$307/sqft

Avg build year

1966

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Property score

66.9 is composed by the two sections below.

Property Score

58.1Fair
Living Area60
1,110 sqftFair
Year Built46
1962Low
Lot Size74
5,643 sqftGood
Neighbourhood Sales Activity37
Low

Community Score

80.1Excellent
Household Income83
Excellent
Education Level63
Fair
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health60
Fair

Neighbourhood Sales

Westwood

How to read: Share of sales in each ~$50k price band for “westwood” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110314

Community deep dive

$95K

Median household income

$114K

Average household income

2%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.4

P90 / P10 ratio

24%

Single-person households

29%

Families with children

Population, labour & age

Population (2021)526
Labour force participation rate60%
Median age45.6
Avg household size2.5
Unemployment rate8%
Population density3094 / km²

Households & income

Low income (LIM-AT, % pop.)2%
Single-person households24%
Couple families with children29%
Median household income (2020)$95K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$332K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority17%
Bachelor's or higher (25–64)30%
Mother tongue (1st)English · 84%
Mother tongue (2nd)Tagalog · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,110 sqft
0255075100
Same streetBottom 44%Same areaBottom 20%CitywideBottom 41%
Same street · Best Street
#28 / 50
Bottom 44% · Avg 1,181 sqft
Same area · Westwood
#2,020 / 2,523
Bottom 20% · Avg 1,372 sqft
Citywide · Winnipeg
#115,621 / 194,458
Bottom 41% · Avg 1,342 sqft

Tax-Assessed Value

around average
329k
0255075100
Same streetTop 36%Same areaBottom 14%CitywideBottom 39%
Same street · Best Street
#18 / 50
Top 36% · Avg 329.2k
Same area · Westwood
#2,180 / 2,523
Bottom 14% · Avg 392.1k
Citywide · Winnipeg
#119,307 / 194,458
Bottom 39% · Avg 390.1k

Year Built

above average
1962
0255075100
Same streetTop 16%Same areaBottom 20%CitywideBottom 44%

Lot Size

above average
5,643 sqft
0255075100
Same streetTop 14%Same areaBottom 34%CitywideTop 40%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

492 Best Street — 12 amenities found within 500 m, across 8 categories, including 3 dining (nearest 419 m), 1 education (nearest 360 m), 1 shopping (nearest 431 m).

Search radius
🍽️Dining3
🏫Education1
🛒Shopping1
🌳Parks2
💪Sports1
🏦Finance1
Fuel Stations2
Worship1

Crime & Safety

Westwood · WPS public data · 2026

Annual incidents

9

2026

vs. city avg

-69%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Property

100%

Sales History

492 Best Street: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 492 Best Street, Winnipeg

Property Overview & Appeal

This well-situated Westwood home, built in 1962, offers a practical and established living environment. Its key characteristic is a renovated basement, adding valuable finished space to the 1,110 sqft main floor. The property sits on a generous 5,643 sqft lot, which is notably larger than many in the immediate area, providing ample outdoor space. Its appeal lies in this combination of updated interior space and a sizable, private yard—a balance that can be hard to find. The detached garage adds functional storage or workshop potential.

The home would suit a first-time buyer or a downsizer looking for a manageable, single-storey layout in a mature neighbourhood without a major renovation project. It also appeals to a value-conscious buyer who prioritizes lot size over a newer build, seeing the potential in the land and the already-completed basement renovation. A less obvious perspective is that, while the home's assessed value is modest, the renovated basement and larger lot position it as a property with inherent "floor value" and room to grow, especially when compared to nearby homes on smaller parcels.

Frequently Asked Questions

1. How does the lot size compare to others nearby?
The 5,643 sqft lot is a standout feature, ranking in the top 14% for size on its own street. This means it offers more private outdoor space than most direct neighbours.

2. Is the home older than others in the area?
Built in 1962, it is slightly older than the median for the wider Westwood neighbourhood, placing it in the top 80% (meaning 80% of area homes are newer). However, it is very typical for the street itself, where it ranks in the top 16% for being newer among its immediate peers.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and nature of the living space added.

4. How does its assessed value relate to its asking price?
The assessed value is listed at $32,900. It is crucial to note that municipal assessed value for taxation purposes is often significantly lower than current market value. The "For Reference" comparable properties show market values ranging much higher, indicating the assessment is not a guide for the selling price.

5. What is the neighbourhood like for amenities and convenience?
The home is in Westwood, a long-established Winnipeg neighbourhood. Its appeal often includes mature tree-lined streets, proximity to major routes, and access to local schools, parks, and shopping in nearby areas like Crestview, as seen in the comparable listings.