528 Raquette Street — Property Summary

Key Characteristics & Buyer Profile

This is a 1961-built home with 1,457 sq. ft. of living space on a notably large 6,154 sq. ft. lot. Its strongest asset is the lot size—ranked in the top 5% on Raquette Street and well above city averages. The living area is slightly generous for the street but broadly in line with the neighbourhood and city medians. The assessed value sits below both the street and neighbourhood averages, which may reflect the older construction or interior condition rather than the land itself.

The property’s appeal lies in the land-to-living-area ratio. You’re getting a home that’s not oversized, but sitting on a lot that’s significantly larger than most nearby. This suits buyers who prioritize outdoor space, gardening, or future expansion potential over a turnkey modern interior. It also sits in Westwood, a neighbourhood where many homes are newer (average year built is 1966), so this property is a bit older than its immediate peers—worth noting for anyone budgeting for maintenance or upgrades.

Best suited for: value-conscious buyers who see land as the primary investment, DIY renovators, or families wanting yard space without paying a premium for a fully updated home. Less suited for someone seeking a move-in-ready property with contemporary finishes.

Five Possible FAQs

1. Why is the assessed value low compared to the neighborhood average?
The assessed value is $312K, while the Westwood average is $392K. This likely reflects the home’s age (1961) and possibly unrenovated interiors or deferred maintenance. The land itself is valuable, but the structure anchors the overall assessment.

2. How does the lot size compare to other homes in Winnipeg?
The lot is 6,154 sq. ft., ranking in the top 28% citywide. That’s above average for Winnipeg, and among the largest on this street—only 7 out of 139 properties have more land.

3. What’s the construction year and how does it affect the property’s standing?
Built in 1961, it’s older than most homes in Westwood (average 1966) and slightly older than others on Raquette Street. This puts it in the bottom 25% for year built on the street, which can influence insurance costs and renovation needs.

4. Is this a good option for someone planning major renovations?
Yes, if the structure is sound. The living area is average, but the lot gives you room to expand—either by adding square footage or building an accessory structure. Just account for the fact that the home’s age may require foundation, electrical, or plumbing upgrades before cosmetic work.

5. How does this property compare to other listings in Westwood?
It offers more land than most Westwood homes (average lot is 6,491 sq. ft.—but the street-level ranking shows it’s clearly above local peers). The assessed value is lower, so the price may be more accessible, but expect to invest in updates. It’s a trade-off between land value and immediate livability.