532 Raquette Street – Property Summary

Key Characteristics & Buyer Profile

This 1,457 sq. ft. home, built in 1962, sits on a notably large lot of 6,142 sq. ft. in Winnipeg’s Westwood neighborhood. Its strongest asset is the land: the lot ranks in the top 9% on Raquette Street and the top 28% citywide, meaning there’s more outdoor space than most comparable properties in the area. The living area is above average for the street (top 17%) but roughly average for the neighborhood and city, so the interior is spacious without being exceptional. The assessed value of $335,000 is below both the neighborhood average of $392,100 and the citywide average of $390,100, which reflects the home’s older build and possibly less updated condition relative to surrounding properties. The house is slightly older than its neighbors on the street (average build year 1963) and significantly older than most in Westwood (average 1966).

The appeal here is straightforward: you get more land for your money in a solid, middle-aged neighborhood. The lower assessed value relative to the lot size suggests potential—whether for a careful renovation, a garden-focused lifestyle, or simply wanting a yard that stands out in the city. It would suit a buyer who values outdoor space over a turnkey interior, someone comfortable with a home built in the early 1960s, or an investor looking at land value in an area where properties are generally priced higher.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value of $335,000 is below the Westwood neighborhood average of $392,100 and below the citywide average for comparable homes. On Raquette Street itself, it’s around average—slightly less than the street average of $344,300. This suggests the home may need some updates, or that the land is the primary value driver relative to the structure.

2. Is the lot size unusual for this area?
Yes. At 6,142 sq. ft., the lot is in the top 9% on Raquette Street and the top 28% citywide. It’s slightly smaller than the Westwood neighborhood average (6,491 sq. ft.), so it’s not the biggest lot in the area, but it’s considerably larger than most on this street.

3. What does the “rank” data actually mean for resale value?
The ranks compare this property to others in the same category. A top 9% lot rank on the street means you’re offering something scarce locally. The below-average assessed value and older build year, however, suggest you’re buying potential rather than a fully updated home. The land’s scarcity could support appreciation, but the house’s condition will matter more for short-term resale.

4. Is Westwood a well-regarded neighborhood in Winnipeg?
Westwood is an established, roughly middle-to-upper-middle-class neighborhood. The data shows home values here tend to be higher than citywide averages, and the build year averages are older—suggesting an area with mature trees and established homes. It’s generally considered stable and family-friendly, with access to amenities.

5. How should I think about the home’s age?
Built in 1962, it’s a few years older than the Westwood neighborhood average (1966) and slightly older than the Raquette Street average (1963). That’s typical for the area, but it means expecting original features (plumbing, electrical, windows) unless documented updates have been made. The lower assessed value partly reflects this age, so it’s not a hidden concern—just a practical one for budgeting.