274 Raquette Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,170 sqft home built in 1963, sitting on a 5,122 sqft lot in Winnipeg’s Westwood neighbourhood. Its assessed value is $337,000.
Where this property stands out is in its living space. It ranks at the 50th percentile on its street, 69th in the neighbourhood, and 53rd citywide for homes of this type. The build year is similarly middle-of-the-pack for the area. What’s less obvious is the lot size: at 5,122 sqft, it’s smaller than most neighbouring properties—ranking in the bottom quarter on the street and bottom 7% in Westwood. The assessed value also trails the neighbourhood average significantly ($337k vs. $392k), which might reflect the smaller lot or deferred updates.
The appeal here is practical rather than flashy. For a buyer who wants a home in a solid, established Winnipeg neighbourhood without paying a premium for a large yard or top-tier finishes, this could be a good fit. It suits someone who values interior square footage over land, or who sees the lower assessment as a potential value play if they’re comfortable with a smaller lot. It’s less suited for buyers wanting a big, private yard or a home that already competes with the higher end of Westwood.
Frequently Asked Questions
1. How does this home compare to others on Raquette Street?
Rankings are mixed. Living area is average for the street, but the lot is below average (106th out of 139). The assessed value is also below the street average of $344k. It’s a home that’s typical in size but sits on less land than most neighbours.
2. Is the assessed value a reliable indicator of market price?
Not directly. Assessment is a standardized estimate, but market prices depend on condition, renovation history, and buyer competition. The fact that this home is assessed $55k below the neighbourhood average should be investigated—it could mean the home needs work, or it could simply reflect the smaller lot.
3. What’s the lot like compared to other homes in Westwood?
It’s notably smaller. The neighbourhood average lot is 6,491 sqft, and this one is 5,122 sqft—that’s about 21% less land. If outdoor space is important, you may find neighbouring properties offer more room.
4. How old is the home, and has it likely been updated?
Built in 1963, which aligns with the typical age of homes on the street and in Westwood. Whether it’s been updated isn’t listed here, but given the below-average assessed value, it’s worth checking the condition of major systems (roof, furnace, windows) and finishes.
5. Who typically buys in this area?
Westwood tends to attract families and long-term homeowners looking for established neighbourhoods with mature trees and reasonable proximity to amenities. This particular property might appeal to first-time buyers or investors who are comfortable with a smaller yard and willing to put in some sweat equity.