167 Bedson Street – Property Overview

Key Characteristics & Buyer Profile

This is a 1967-built home with 1,073 sq ft of living space on a 5,141 sq ft lot. Its assessed value sits at $357,000. The numbers tell a story of a property that falls squarely in the middle of the pack in most respects. The living area is slightly below the average for its Westwood neighbourhood—the 87th percentile out of 2,523 homes—but closer to the median for Winnipeg overall. The lot is notably smaller than neighbouring properties, ranking in the bottom 3% on its street and bottom 13% in the community. The assessed value is near average across all three comparison ranges, meaning there’s no clear over- or undervaluation baked into the tax assessment.

Where the property stands out is not in any single metric, but in its balance. It’s not the biggest, newest, or most valuable home on the block, but it avoids being an outlier in ways that can complicate resale or financing. Homes with this kind of profile often appeal to buyers who want a solid, unremarkable entry point into a neighbourhood—someone who’s less interested in bragging rights and more interested in a house that fits a reasonable budget without demanding a premium for exceptional size or age. For a first-time buyer or someone downsizing, the smaller lot also means less yard maintenance, which isn’t reflected in the rankings but is a practical reality.

The 1967 build year aligns well with other homes in the area—it’s actually newer than a quarter of the neighbourhood—so the mechanicals and structure are likely comparable to what’s typical for that era. Buyers should expect mid-century construction standards and plan for updates accordingly. This is a property that rewards a pragmatic eye rather than an emotional one.

Five Possible FAQs

1. How does the smaller lot size affect the property’s value or usability?
The lot is smaller than average for the street and neighbourhood, which could mean less outdoor space for gardening, entertaining, or expansion. On the upside, lower maintenance and potentially lower water/landscaping costs. The tax assessment doesn’t show a penalty for the smaller size, so it seems to be priced accordingly.

2. Is this considered a “starter home,” or could it work for a family?
At 1,073 sq ft, it’s on the smaller side for a family with multiple children, but it could work for a couple or a small family depending on layout. The bedroom count isn’t listed here, but the square footage suggests a typical three-bedroom bungalow or split-level of the era. It fits the starter-home or empty-nester category better than a long-term family home.

3. Why is the neighbourhood rank worse than the street rank for living area?
The home is on a street where the average living area is 1,222 sq ft, so it’s close to that. But Westwood as a whole has a higher average of 1,372 sq ft, meaning the surrounding community has larger homes overall. The property fits its immediate street well but looks smaller compared to the broader neighbourhood.

4. Should I be concerned that the lot is in the bottom 3% on the street?
Not necessarily, as long as you’re comfortable with a smaller yard. The rankings are relative, and many homes on Bedson Street have above-average lots. This property’s lot is still over 5,100 sq ft, which is typical for older urban lots in Winnipeg. The key question is whether your lifestyle needs more outdoor space.

5. Does the 1967 build year mean the house needs major renovations?
It depends on what’s been done since. Homes from that era often need updated electrical, plumbing, windows, and insulation. The roof and furnace age aren’t listed here. The build year alone isn’t a red flag—it’s common for the area—but a home inspection is essential to see what’s original and what’s been replaced.