355 Bedson Street – Property Summary
Key Characteristics & Buyer Fit
This 1,146 sqft home on Bedson Street in the Westwood neighbourhood of Winnipeg was built in 1969 and sits on a 5,170 sqft lot. Its current assessed value is $352,000.
The property’s main strength is its age. Built in 1969, it ranks among the newer homes on the street (top 10%) and within the neighbourhood (top 8%). For buyers who prefer a home that’s not too old but not brand-new either, this puts it in a practical middle ground—likely meaning fewer major retrofits than a 1950s or 1960s home, without the premium price tag of new construction.
The living area and lot size are both slightly below the neighbourhood average. The home is smaller than about three-quarters of homes in Westwood, and the lot is smaller than roughly 85% of them. That may appeal to buyers who want a lower-maintenance yard or a more compact floor plan, but it also means less space compared to nearby properties.
The assessed value sits just under the street average and well under the neighbourhood average, which could make this a more entry-friendly price point for the area. It ranks around the middle citywide for value, living area, and lot size.
Who it suits: Buyers who don’t need a large yard or expansive square footage, and who prioritize a newer vintage relative to the neighbourhood. It’s a reasonable fit for first-time buyers, downsizers, or anyone looking for a solid, unflashy home in a moderately priced pocket of Westwood.
Five Possible FAQs
1. How does this home compare to others on Bedson Street?
It’s fairly average for the street in living area and assessed value, but it’s newer than most—ranking in the top 10% for year built. The lot is on the smaller side but still within a typical range for that block.
2. Is the property over- or under-valued compared to its neighbours?
The assessed value is slightly below the street average ($352k vs. $359k) and noticeably below the neighbourhood average ($392k). That doesn’t necessarily mean it’s a deal, but it suggests the home may be priced more modestly relative to surrounding properties.
3. Why is the lot size considered “below average” in the neighbourhood?
Westwood has many homes on larger lots, often over 6,000 sqft. At 5,170 sqft, this lot is smaller than about 85% of properties in the area. That means less yard work and a more compact outdoor space, which some buyers prefer.
4. What does “year built 1969” really mean for upkeep?
A 1969 build likely has original or updated systems depending on the previous owners. It’s old enough that you’ll want to check the roof, furnace, windows, and electrical, but newer than many mid-century homes in the area that date to the 1950s or early 1960s.
5. Is this a good property for someone who wants to add square footage later?
The lot size is below the neighbourhood average, so expansion options could be limited depending on zoning and setback rules. If you’re planning a major addition, it’s worth reviewing the property’s allowable building envelope with the city before committing.