496 Raquette Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1961-built home with 1,597 sq ft of living space on a 6,153 sq ft lot in Westwood, Winnipeg. Its standout feature is the living area: it ranks 4th out of 139 homes on Raquette Street (top 3%), and in the top 19% city-wide. The lot is also generous for the street—ranking 9th out of 139 (top 6%)—though it sits closer to the community average. The assessed value of $354,000 is near the street average but below both the neighbourhood and city medians, which likely reflects the older build (1961, slightly older than the street and area averages).

The appeal here is space—both indoor and outdoor—without a premium price tag. Buyers get a home that’s noticeably larger than most on the block and in the wider area, on a lot that’s among the largest on the street. The lower assessed value relative to the neighbourhood suggests potential for value growth if the interior is updated or if the area appreciates over time. That said, the age of the home means systems and finishes may need attention.

This property would suit buyers who prioritise square footage and outdoor space over a turnkey finish, and who are comfortable with a home that may require some updating. It could be a strong fit for a family wanting room to grow, or for someone looking for a renovation project with good bones and a solid lot. It’s less suited for someone seeking a modern, low-maintenance property in a higher-value corridor.

Frequently Asked Questions

1. How does the property’s assessed value compare to similar homes nearby?
The assessed value of $354,000 is close to the Raquette Street average of $344,000, but below both the Westwood community average ($392,000) and the city average ($390,000). This suggests the home is priced affordably for its area, likely due to its older construction year.

2. Is the lot size unusually large?
On the street level, yes—it ranks 9th out of 139 homes, putting it in the top 6% locally. Compared to the wider Westwood community and city, the lot is closer to average (6,153 sq ft vs. 6,491 sq ft community median and 6,570 sq ft city median).

3. What does the 1961 build year mean for maintenance or renovations?
The home is older than the average on its street (1963) and in the community (1966). Buyers should expect typical mid-century construction: likely thicker walls, solid framing, but older electrical, plumbing, and insulation. Renovation potential is high, but budget for updates to major systems.

4. How does the living space rank city-wide?
The 1,597 sq ft places it in the top 26% of all Winnipeg homes, and in the top 3% on its own street. It’s a genuinely large home for the price point, offering more interior space than most comparables in the same value range.

5. Is this a good area for families or first-time buyers?
Westwood is a well-established Winnipeg neighbourhood with a mix of older homes, parks, and schools. The combination of a larger-than-average lot and living space at a below-neighbourhood assessed value can appeal to families wanting room without stretching their budget. First-time buyers willing to take on some updating could find good long-term value here.