448 Raquette Street – Property Summary

Key Characteristics & Who It Suits

This 1961 bungalow sits on a 5,125 sqft lot in Winnipeg’s Westwood neighbourhood. With 1,143 sqft of living space and an assessed value of $368,000, it lands slightly above average on its street for value—ranking in the top 18%—while the home itself is older than much of the surrounding area. The lot is on the smaller side for Westwood, but holds its own compared to citywide averages.

The appeal here is subtle. The house isn’t a standout in any single category, but it offers a balanced profile: a solid, modest-sized home on a street where values are climbing relative to the neighbourhood. It’s not a fixer-upper or a premium property—it sits in a middle ground that often gets overlooked. For a buyer who wants a functional home in an established area without paying a premium for square footage or a newer build, this could be a practical fit.

This property would suit someone who values location and steady value over flashy upgrades. First-time buyers looking for an affordable entry into a stable area, or downsizers who want a manageable lot without the maintenance of a larger property, would find it worth a look. Investors might also note that the assessed value outperforms the street average, suggesting the property has held or gained ground relative to its immediate neighbours.

Frequently Asked Questions

How does the assessed value compare to other homes in Westwood?
At $368,000, this property is slightly below the Westwood average of $392,100, ranking near the middle of the neighbourhood. But on its own street, it’s well above the $344,300 average—meaning it’s a stronger value on Raquette Street compared to the broader area.

Is the smaller lot size a concern for this neighbourhood?
The lot is smaller than typical for Westwood, where the average is 6,491 sqft. That said, it’s right around the citywide average. If a large yard isn’t a priority, the reduced upkeep may be a trade-off worth making.

Why is the house ranked poorly for year built but still worth considering?
Older homes often come with solid construction and established landscaping. This one was built in 1961, which puts it ahead of only 13% of homes on its street. But age isn’t always a drawback—many buyers prefer the character and lot placement of older homes over newer infills.

What does “around average” mean in the citywide rankings?
It means the property sits close to the middle of the pack across Winnipeg. For living area, it’s in the top 56%; for assessed value, top 48%; for land area, top 51%. It’s not exceptional citywide, but it’s not below the median either—a reliable baseline.

Should I expect the assessed value to rise over time?
The street-level ranking (top 18%) suggests this home is already valued higher than most on Raquette Street, which could indicate recent improvements or strong local demand. However, without knowing the specific condition of the house, future value will depend on broader market trends and any upgrades you make.