267 Raquette Street – Property Summary
Overview & Buyer Profile
This is a 1,012 sqft single-family home built in 1964, sitting on a 4,927 sqft lot in Winnipeg’s Westwood neighbourhood. Its main draw is affordability relative to the surrounding area. The assessed value of $349,000 is slightly above the street average and notably below both the Westwood and citywide averages, making it a more accessible entry point into a neighbourhood where many comparable homes are priced higher.
The property is compact. The living area is smaller than most homes on the street, in the neighbourhood, and across Winnipeg. The lot is also on the smaller side, particularly within Westwood. What this means in practice: less square footage to maintain, a more modest yard, and a lower price tag than many nearby homes. The build year is typical for the area, so no major surprises there.
This home would best suit a first-time buyer, a small family, or someone looking to downsize without leaving a well-established residential neighbourhood. It’s also a reasonable option for an investor seeking a lower-cost property in a stable, older part of the city where entry prices are generally higher.
Five Frequently Asked Questions
1. How does the property’s size compare to others nearby?
The home is smaller than average in all three comparison ranges: it ranks in the bottom 5% on its street and bottom 3% in Westwood for living area. The lot is also among the smallest on the street, though closer to the citywide average. This is a noticeably compact property for the area.
2. Is the assessed value a fair reflection of the home’s worth?
The assessed value of $349,000 is very close to the street average and well below both the neighbourhood and city averages. This suggests the home is priced to reflect its smaller size, not that it’s undervalued. It’s a typical example of a lower-square-footage home holding a lower assessed value in a more expensive area.
3. What condition or updates should a buyer expect from a 1964 home?
The listing does not include details on renovations or condition. A home of this age could have original systems (electrical, plumbing, heating) or be partially updated. Buyers should budget for a thorough home inspection and be prepared for potential updates to major systems, roofing, windows, or insulation, depending on what’s been done over the years.
4. What is the neighbourhood like in terms of community and amenities?
Westwood is a predominantly residential, established neighbourhood in Winnipeg. It generally offers mature trees, standard city services, and access to schools, parks, and local shopping. It’s not a high-density or walkable urban core, but it’s a solid middle-ring suburb with a settled feel. The specific street context would matter for things like traffic and nearby uses.
5. How does this property compare to other listings on the market right now?
For context, the home is in the bottom quarter of the city for living area but sits near the median for assessed value. That means a buyer is paying a middle-of-the-road price for a smaller-than-average home. Compared to other homes in Westwood, it’s one of the more affordable options by value, which is its main competitive advantage.