124 Raquette Street – Property Summary
Key Characteristics and Buyer Profile
This 1,040 sqft home was built in 1966 and sits on a 5,429 sqft lot in Winnipeg’s Westwood neighbourhood. The assessed value is $353,000.
Where the appeal lies: The property stands out most for its land-to-house ratio. The living area is smaller than average for the street, the neighbourhood, and the city, but the lot size is above average on Raquette Street and close to typical for the area. That makes this a sensible option for someone who values outdoor space more than a big interior—a common trade-off in older, established neighbourhoods. The year built also places it among the older homes on the street (top 10%), which may matter to buyers looking for construction from that era or who want a house with some original character.
What type of buyer it would suit: Practical buyers who are comfortable with a modest interior and want a decent-sized yard without paying a premium for a larger home. First-time buyers looking for something under the median price point in the Westwood area would find it useful, especially if they prioritize land value or are open to renovations. It’s less suited to anyone who needs maximum square footage or a “move-in ready” large home—this property trades interior size for a better land position and a lower assessed value relative to the neighbourhood average.
Frequently Asked Questions
1. Is this house smaller than others in the neighbourhood?
Yes, the living area is below average for both the street (1,197 sqft average) and the Westwood area (1,372 sqft average). It ranks in the bottom quarter of comparable homes on the street.
2. How does the assessed value compare to similar homes nearby?
On Raquette Street, the assessed value of $353,000 is slightly above the street average of $344,300. But in the wider Westwood neighbourhood, it falls below the average of $392,100, meaning it’s one of the more affordable options in that area.
3. What’s the lot size, and is it large enough for a garden or addition?
The lot is 5,429 sqft. It’s bigger than most homes on the street (top 26%) but smaller than the Westwood neighbourhood average (6,491 sqft). It offers a decent backyard for a garden, a shed, or possibly a small addition, but land constraints exist compared to neighbours further down the street.
4. When was the house built, and is that considered old for this area?
Built in 1966, it’s one of the older homes on the street (top 10% for age), but right around the average for the Westwood neighbourhood and city as a whole. Expect original or early renovation materials in some areas—this is typical for homes from that decade.
5. How does this property rank overall compared to others in Winnipeg?
Citywide, the home is around average across all four metrics—living area (top 68%), assessed value (top 53%), year built (top 52%), and land area (top 45%). It’s not an outlier in any direction when viewed across the whole city, which makes it a solid, middle-of-the-road option with a slight edge in land size relative to its interior.