523 Best Street

523 Best Street – Property Summary

Key Characteristics & Buyer Profile

This 1,143 sqft home, built in 1962, sits on a 5,138 sqft lot. Its strongest feature is its position on its own street: the property ranks in the top 28% for assessed value, top 16% for age (newer than average on the block), and top 18% for land size. In other words, compared to immediate neighbours, you're getting a newer home with a bigger lot that's already valued above the street average.

The trade-off becomes clear when you zoom out. Within the Westwood neighbourhood, the home ranks below average on every metric—smaller living area, lower assessed value, older construction, and a smaller lot than the neighbourhood norm. Citywide, it falls near the middle of the pack across the board.

Who this suits: A buyer looking for a solid, well-positioned home within a specific street or school catchment, rather than someone seeking top-tier specs for the broader area. It may appeal to someone who values a good lot size relative to immediate neighbours, or who plans to renovate and build equity in a location where the street itself is stable. The numbers suggest you're paying more for the lot and the street context than for the house itself—worth considering if land is your priority.

Five Possible FAQs

1. How does the living area compare to other homes in Westwood?
It's below average. The neighbourhood average for comparable homes is 1,372 sqft, and this property is 1,143 sqft—about 17% smaller. On its own street, however, it's right around the average.

2. Is the assessed value of $331,000 a good deal?
Relative to its own street, yes—it's above the street average of $329,200. But compared to the Westwood neighbourhood average of $392,100, it's significantly lower. Citywide, it sits near the middle. The value reflects the home's smaller size and older construction, not necessarily the land.

3. Is this a good lot size for the area?
It depends on your reference point. On Best Street, it's above average (top 18%). In Westwood, it's well below the neighbourhood norm—about 1,350 sqft smaller than the local average. Citywide, it's typical.

4. Why is the home ranked higher on its street than in the neighbourhood?
The street itself has smaller homes and lots and lower values than the surrounding Westwood area. So while this property holds up well against immediate neighbours, it falls short against the broader neighbourhood, which tends to have larger, newer, and more valuable homes.

5. What does the bar chart ranking mean?
Each bar shows what share of comparable homes you outperform in that category and scope (street, neighbourhood, or city). A longer bar means the property ranks higher. The colour indicates the tier—red, blue, amber, or gray—based on how far above or below the median it falls. For example, a top-16% ranking on year built within the street means only about 8 of the 50 homes on Best Street are newer.