Key Characteristics & Buyer Profile
This 1,040 sqft home built in 1967 sits on a 5,144 sqft lot on Bedson Street in Westwood (Winnipeg). Compared to nearby homes, the living space and lot size are on the smaller side—below the street and neighborhood averages, but close to the city-wide median. The assessed value is notably low, ranking in the bottom 2% on the street and bottom 4% in the community. That lower assessment typically translates to lower property taxes.
The appeal here isn't size or prestige. It's about relative affordability in a well-established area. A buyer who prioritizes lower carrying costs and a modest footprint—rather than square footage or a large yard—would find this property worth a closer look. It would likely suit a first-time buyer, someone looking to downsize from a larger home without leaving the neighborhood, or an investor seeking a lower-entry property in a mature community. The below-average tax assessment is a practical advantage that adds up over time.
Frequently Asked Questions
1. How does the property's size compare to others nearby?
The living area (1,040 sqft) is below the street average (1,222 sqft) and well below the community average (1,372 sqft). The lot is also on the smaller side for the area. While not large, the property falls within a typical range for homes built in the 1960s in this part of the city.
2. Are property taxes likely to be lower because of the lower assessed value?
Generally, yes. The assessed value of $302,000 is significantly lower than the street average ($359,000) and the community average ($392,000). Since property taxes are based on assessed value, the owner likely pays less in taxes than neighbors in higher-assessed homes. It's always worth confirming the current mill rate and any applicable exemptions.
3. How old is the home, and has it been updated?
The home was built in 1967, which is typical for the street and the Westwood area. The available data only covers the build year, not any renovations or updates. A buyer would want to check for major system upgrades (roof, furnace, windows, electrical) and interior finishes during a viewing.
4. Is this a good option for a first-time buyer?
It could be, especially if the buyer is comfortable with a smaller home and lot. The lower assessed value may mean lower monthly taxes, and the age of the home could offer room for gradual improvements. However, a pre-purchase inspection is strongly recommended to assess the condition of a property that's over 50 years old.
5. How does this property compare to others in the same price range city-wide?
City-wide, the assessed value is in the bottom 30% and the living area is near average. That suggests this property offers a relatively low entry point in terms of tax base, though the square footage is in line with many older homes across Winnipeg. It's not a standout in any metric, but it's a straight-ahead, modest house in a stable residential area.