Property Summary: 283 Raquette Street, Westwood
Key Characteristics & Buyer Profile
This is a 1,360 sqft bungalow built in 1964, sitting on a notably large 6,154 sqft lot. The lot size is the standout feature here—it ranks in the top 5% on the street and top 28% city-wide, meaning it offers significantly more outdoor space than most comparable homes in the area. The interior square footage is also above average for the immediate street (top 20%), though more in line with the neighbourhood and city norms.
The assessed value of $377,000 is slightly above the street average but sits below both the Westwood and Winnipeg averages, suggesting the home is priced competitively relative to its surroundings. The property is solidly mid-range for its era—neither notably old nor new for the area.
Who it suits: Buyers who prioritise outdoor space and don’t mind a 1960s floor plan. This could work well for someone looking to garden, add a workshop or garage, or eventually expand the footprint. It’s less suited to anyone wanting a move-in-ready modern home with premium finishes—the value is in the land and location, not a recent renovation. Families, first-time buyers with an eye on future potential, or downsizers wanting a manageable single-storey home with a generous yard would all find it worth a look.
Frequently Asked Questions
1. How does the property compare to others on the same street?
It performs well. The lot is in the top 5%, the living area is in the top 20%, and the assessed value is in the top 11%. This is one of the stronger-priced and larger homes on Raquette Street, especially in terms of land.
2. Is a 1964 build likely to require major updates soon?
It depends on the current owner’s maintenance history, but homes from the early 1960s in Winnipeg may need attention to roofing, windows, and mechanical systems. The building age is average for the street (1963), so it’s not unusually dated. A pre-purchase inspection is strongly recommended, especially for electrical and plumbing.
3. How does the assessed value relate to the asking price?
The assessment is $377,000, which is below both the Westwood ($392,000) and city ($390,000) averages. If the asking price is close to this figure, it suggests fair market value. If significantly higher, the buyer is paying a premium for the lot or location rather than the structure itself.
4. What are the possibilities for the large lot?
At 6,154 sqft, the lot offers room for a garage addition, a large garden, a deck, or even a future secondary suite (subject to zoning and permits). It’s also worth checking whether there’s potential for subdivision, though given the street ranking, it’s more likely a generous single-family lot than a multi-unit opportunity.
5. How does this home compare to others in Westwood overall?
It sits around the middle of the pack for the neighbourhood. The living area and lot size are near the Westwood average, and the assessed value is slightly below. This means you’re not paying a neighbourhood premium—the value is in having a larger-than-average lot for the street while staying in a well-established, reasonably accessible area of Winnipeg.