233 Raquette Street – Property Summary
Key Characteristics & Ideal Buyer
This 1,158 sqft single-family home was built in 1969 and sits on a 5,878 sqft lot in Winnipeg’s Westwood neighbourhood. Its standout feature is the construction year: it’s the newest home on Raquette Street (top 1%) and ranks well above average within Westwood (top 8%). The lot size is also notably above average for the street (top 11%), offering more outdoor space than most nearby comparables. The assessed value of $358,000 is above average for Raquette Street (top 28%) but sits around the middle of the neighbourhood and citywide averages, suggesting a relatively good value proposition given the newer build and larger lot.
The appeal here is subtle. Rather than square footage or luxury finishes, this property offers relative newness in an established area—meaning fewer immediate concerns about major systems compared to neighboring mid-1960s homes—and a more generous yard than many street-level competitors. It would suit a buyer who prioritizes a newer shell and decent outdoor space over interior size or a low price point, and who is comfortable with a home that is solidly average in living area but strong on land and construction year.
Five Possible FAQs
1. How does the living area compare to similar homes?
At 1,158 sqft, it’s slightly below the Westwood neighbourhood average of 1,372 sqft (top 71%) and just under the citywide average for comparable homes. On Raquette Street itself, it’s roughly average (top 53%). So while the interior is not oversized, it’s in line with nearby properties on the street.
2. Is the assessed value a good indicator of market price?
Assessed value ($358k) is a municipal estimate, not a market appraisal. It ranks above average for the street but below the neighbourhood average. Given the newer build and larger lot, it may represent reasonable value, but you’d want to compare recent sale prices in Westwood to gauge true market expectations.
3. Why is the year built significant for this property?
It’s the newest home on Raquette Street (1969 vs. the street average of 1963) and among the newer quarter of properties in Westwood. This typically means updates like wiring, plumbing, or roofing may be less urgent than in slightly older homes, though a 50+ year old house still requires careful inspection.
4. What is the lot size good for?
At just under 5,900 sqft, it’s above average for the street (top 11%) and near the median for Westwood. That extra space could allow for a garden, small workshop, or off-street parking expansion, but it’s not oversized relative to the broader neighbourhood.
5. Who might this home not suit?
Buyers wanting a large open interior or a move-in-ready property without any updates may find the 1,158 sqft and 1969 construction limiting. It’s also not a prime candidate for flipping based on low assessed value—the gain potential is modest unless the lot can be subdivided or the home is significantly renovated.