449 Best Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1963 bungalow with a living area of 1,078 square feet on a 5,126-square-foot lot, assessed at $323,000. The standout feature is its year built: this home is among the oldest on the street (ranked 2 out of 50, top 4%), which can appeal to buyers looking for solid mid-century construction and character before newer subdivisions took over.
The home sits in Westwood, a mature Winnipeg neighbourhood. Property data shows it's below average in both living area and land area compared to the immediate neighbourhood, and assessed value is notably lower than nearby homes ($323K vs. $392K neighbourhood average). This suggests the property may offer more room for value-add upgrades or a more accessible entry price point relative to its surroundings. On a citywide scale, the home lands close to average in size and value, meaning it's not an outlier—just modest by local Westwood standards.
Who it suits: Buyers who value an older, established street with character and don't need maximum square footage or lot size. It could work well for someone looking for a starter home or a renovation project in a neighbourhood where assessed values are generally higher. Given the smaller lot and living area, it may also suit empty-nesters or those prioritizing location and street appeal over interior space. Not ideal for buyers seeking a move-in-ready home with large rooms or a big yard.
Five Possible FAQs
1. Why is the assessed value so much lower than the neighbourhood average?
The property's assessed value ranks in the bottom 11% of Westwood, meaning it's one of the more affordable homes in the area. This is likely due to its smaller living area (1,078 sqft vs. 1,372 sqft neighbourhood average) and slightly older condition relative to nearby homes. For a buyer, this can mean lower property taxes and more potential for added value through improvements.
2. How does the land size compare to other properties on Best Street?
The lot is 5,126 square feet, which ranks 44th out of 50 homes on the street (bottom 12%). It's a smaller-than-average lot for the street and neighbourhood. That said, citywide it sits near the median, so it's not unusually small for Winnipeg overall—just compact compared to Westwood's larger lots.
3. What does "ranked 2 out of 50 for year built" actually mean?
It means this is the second-oldest home on Best Street, built in 1963. While the street's average build year is 1961 (some homes are even older), this property is still older than most in Westwood overall. Older homes often have solid framing, mature trees, and established landscaping, but may need updates to electrical, plumbing, or insulation.
4. Is this home below average in every category?
Not exactly. It's around average for both living area and assessed value at the citywide level. On its own street, living area and assessed value are also close to the street average—it's not dramatically underperforming. The main areas where it's below average are land area relative to the neighbourhood and city, and assessed value relative to Westwood. But being "below average" in assessed value can be a plus for buyers concerned about affordability or taxes.
5. How can I see how this property compares to nearby homes on a map?
The listing includes a link to a neighbourhood analysis page that shows the property on a map alongside nearby houses. You can compare year built, living area, assessed value, and lot size visually. This is helpful to see whether the home is on a quieter street, near parks, or surrounded by larger lots—details that raw rankings don't always capture.