436 Raquette Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,049 sqft single-family home built in 1962 on a 5,125 sqft lot, with an assessed value of $302,000. The property is located in the Westwood neighbourhood of Winnipeg.
What stands out is that this home is priced below both its street and neighbourhood averages. On Raquette Street, it ranks 134th out of 139 homes by assessed value—meaning nearly all nearby properties are worth more. In Westwood as a whole, the picture is similar: it sits in the bottom 10% for value. Citywide, however, the home is closer to average, ranking in the top 70%.
The living area is modest compared to its immediate neighbours, but the lot size is actually close to the street average, even though it's small relative to the broader neighbourhood. The home is also slightly older than most in Westwood, but not markedly so citywide.
The appeal here is straightforward: this is a lower-entry-price property in a neighbourhood where most homes are more expensive. That suggests an opportunity for buyers who want access to Westwood but need to stay under the area's typical price point. It’s less suited for someone looking for a turnkey home that matches the neighbourhood standard in size or condition. It would likely suit first-time buyers, investors looking for a lower-cost entry into a stable area, or someone willing to put in work over time. The "around average" rankings citywide for living area and lot size also mean the home isn't an outlier from a broader market perspective—it's mainly the local context that makes it look small or dated.
Five Possible FAQs
1. How does the assessed value compare to other homes on this street?
The assessed value of $302,000 is well below the street average of $344,300. This home ranks 134th out of 139 homes on Raquette Street, putting it in the bottom 4% of assessed value on the street.
2. Is the lot size a concern compared to other Westwood properties?
The lot is 5,125 sqft, which is about 1,366 sqft smaller than the Westwood average of 6,491 sqft. It ranks in the bottom 10% for the neighbourhood. However, on the street itself, lots are more comparable—the street average is 5,345 sqft, so this lot is close to what's typical for immediate neighbours.
3. What does "ranked top 70% citywide" actually mean for assessed value?
It means this home's assessed value, while low for its street and neighbourhood, is still ahead of about 30% of comparable homes across Winnipeg. In other words, it's not an unusually cheap home from a citywide perspective—just cheap for Westwood.
4. How old is the house, and does that matter for this area?
Built in 1962, it's slightly older than the Westwood average of 1966 and ranks in the older 20% of homes in the neighbourhood. Citywide, it's more typical, ranking in the top 56% for newer homes. The age isn't extreme, but it may mean the home has original features or systems that a newer Westwood property wouldn't.
5. Who would get the most value from this property?
A buyer who wants to live in Westwood but is priced out of the neighbourhood's higher-value homes. The property offers a lower starting point for price and size, which could work for someone planning renovations or who simply doesn't need a larger home. It may also appeal to an investor looking for a property that already sits in a more expensive area—potential upside, but not guaranteed.