177 Raquette Street

177 Raquette Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1965-built home with 1,078 sqft of living space on a 5,122 sqft lot, currently assessed at $371,000. The property sits on Raquette Street in the Westwood neighbourhood of Winnipeg. Its standout feature is the assessed value: it ranks in the top 14% on the street—well above the street average of $344,300—and sits slightly above both the neighbourhood and city averages. The home itself is also newer than most on the street (top 11%), though in line with the broader neighbourhood and city, which both average 1966.

The living area is around average for Raquette Street but falls below the Westwood neighbourhood average (1,372 sqft). The lot is also below average for both the street and the area, ranking in the bottom quarter locally. This means the property offers more value per square foot of house and land than many nearby homes, as reflected in the higher assessed value for a slightly smaller footprint. The appeal is a home that keeps up with the street in size and age but is priced above the street norm—suggesting either better condition, finishes, or location within the block.

This property would suit a buyer who values being in a solid, average-sized home on a good street in Westwood, and who sees the above-average assessment as a sign of quality or upkeep rather than a premium for space. It would also appeal to investors or homeowners who want a home that is not the largest or newest, but is well-positioned relative to the street and neighbourhood benchmarks. First-time buyers looking for a manageable lot and a home that doesn't need immediate updating may find it a practical fit.

Frequently Asked Questions

1. How does the lot size compare to other homes in the area?
The lot is 5,122 sqft, which is below the neighborhood average of 6,491 sqft and ranks in the bottom 7% in Westwood. On Raquette Street itself, it ranks in the bottom 24%. If a larger yard is a priority, this may feel tight compared to neighbours.

2. Why is the assessed value higher than the street average if the house is smaller?
The assessed value of $371,000 is about 8% above the street average of $344,300, despite the living area being slightly below the street average of 1,197 sqft. This usually indicates that the home has above-average finishes, updates, or condition relative to others on the street, or that its location within the block is more desirable.

3. Is this an older home that needs major work?
The year built is 1965, which is newer than the street average (1963) and in line with the neighbourhood and city (both 1966). It's not considered old by Winnipeg standards, but it's past the 50-year mark. Typical systems (roof, furnace, windows) may have been upgraded or may be due soon—this is something to verify with a home inspection.

4. How is the home ranked on a citywide level for living space and lot size?
Citywide, the living area ranks in the top 63% (around average), and the lot size ranks in the top 52% (also around average). Neither is unusually small or large for Winnipeg as a whole. The home is most notably above average for its assessed value citywide (top 47%).

5. What type of buyer would get the most value from this property?
A buyer who wants a home that is well-maintained and holds its value relative to the street, without paying for extra square footage or a premium lot. It suits someone who prefers a more modest yard and a home that's not the biggest on the block, but is consistently above the street benchmarks for age and assessed value.