2 Canoe Bay

Westwood, Winnipeg

Property score

60.1

Fair

Overall 60.1 · Smaller than most nearby homes

1,131 sqft (bottom 23%) · Built in 1965 (1 yr older than avg)

Located in a above-average income area with median household income of ~75.5k

Transit 92.0 · 3-min walk to transit with 5 nearby routes · Within 500m: 10 dining spots, 1 school, 2 healthcare facilitys, and 5 shops nearby

Living Area

Below average

18% smaller than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 81%Punjabi · 2%

Past 10 years Westwood sales snapshot (~80% of all data)

Sold Count

898

Median price

405k

$/sqft

$307/sqft

Avg build year

1966

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Property score

60.1 is composed by the two sections below.

Property Score

58.1Fair
Living Area60
1,131 sqftFair
Year Built46
1965Low
Lot Size74
5,797 sqftGood
Neighbourhood Sales Activity37
Low

Community Score

63.0Fair
Household Income75
Good
Education Level44
Low
Housing Stress52
Fair
Core Housing Need63
Fair
Employment Health52
Fair

Neighbourhood Sales

Westwood

How to read: Share of sales in each ~$50k price band for “westwood” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110315

Community deep dive

$76K

Median household income

$92K

Average household income

7%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.7

P90 / P10 ratio

36%

Single-person households

18%

Families with children

Population, labour & age

Population (2021)610
Labour force participation rate57%
Median age44.0
Avg household size2.1
Unemployment rate9%
Population density2440 / km²

Households & income

Low income (LIM-AT, % pop.)7%
Single-person households36%
Couple families with children18%
Median household income (2020)$76K

Housing

Renter households47%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)19%
Visible minority15%
Bachelor's or higher (25–64)20%
Mother tongue (1st)English · 81%
Mother tongue (2nd)Punjabi · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,131 sqft
0255075100
Same streetTop 46%Same areaBottom 23%CitywideBottom 43%
Same street · Canoe Bay
#17 / 37
Top 46% · Avg 1,193 sqft
Same area · Westwood
#1,937 / 2,523
Bottom 23% · Avg 1,372 sqft
Citywide · Winnipeg
#110,855 / 194,458
Bottom 43% · Avg 1,342 sqft

Tax-Assessed Value

around average
354k
0255075100
Same streetTop 46%Same areaBottom 36%CitywideBottom 48%
Same street · Canoe Bay
#17 / 37
Top 46% · Avg 355.7k
Same area · Westwood
#1,618 / 2,523
Bottom 36% · Avg 392.1k
Citywide · Winnipeg
#101,844 / 194,458
Bottom 48% · Avg 390.1k

Year Built

above average
1965
0255075100
Same streetTop 30%Same areaTop 43%CitywideBottom 47%

Lot Size

above average
5,797 sqft
0255075100
Same streetTop 24%Same areaBottom 43%CitywideTop 37%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

2 Canoe Bay — 34 amenities found within 500 m, across 10 categories, including 10 dining (nearest 123 m), 1 education (nearest 369 m), 2 healthcare (nearest 279 m).

Search radius
🍽️Dining10
🏫Education1
🏥Healthcare2
🛒Shopping5
🌳Parks2
💪Sports3
🏦Finance3
Fuel Stations3
Worship4
🏛️Government1

Crime & Safety

Westwood · WPS public data · 2026

Annual incidents

9

2026

vs. city avg

-69%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Property

100%

Sales History

Sold 11/2023CA$350k–400k
Sold price

Same street

Top 13%

Same area

Top 37%

City-wide

Top 37%

Related homes

Highlights & common questions: 2 Canoe Bay, Winnipeg

2 Canoe Bay – Property Summary

Key Characteristics & Suitability

This is a 1,131 sqft home built in 1965, sitting on a 5,797 sqft lot in the Westwood area. The property is priced around the median for its street, with an assessed value of $354,000. What stands out here is the lot: it ranks in the top 24% on Canoe Bay, meaning you get more outdoor space than most neighbours. The home itself is slightly older than average for the street (built 1965 vs. 1966 average), but it's still within a tight range.

The appeal is practical rather than flashy. You're not getting a oversized house for the price, but you are getting a decent-sized yard in a street where lots tend to be smaller. This makes it a good fit for someone who values outdoor space—gardening, a workshop, or room for kids and pets—over square footage inside. It also suits buyers who want to be in a stable, mid-century neighbourhood without paying a premium for a fully updated home. The Westwood area itself is established, and this property sits around the middle of the pack for both assessed value and living area citywide, which suggests it's fairly priced relative to the broader market.

Frequently Asked Questions

1. How does the lot size compare to other homes in Westwood?
The lot is 5,797 sqft, which is above average for the street (ranked 9th out of 37) but slightly below the neighbourhood average of 6,491 sqft. You're getting a bigger yard than most immediate neighbours, but it's not unusually large for Westwood as a whole.

2. Why is the assessed value lower than the neighbourhood average?
The neighbourhood average assessed value is $392,100, while this property is valued at $354,000. That gap likely reflects the home's smaller living area (1,131 sqft vs. 1,372 sqft neighbourhood average) and the fact that it hasn't been recently updated. It's not overpriced for its size and condition.

3. Is the home's age a concern?
Built in 1965, it's slightly older than the street average (1966) but in line with much of Westwood. Many homes from this era have solid bones but may need updates to mechanicals, windows, or insulation. A home inspection would clarify what's been done and what might need attention soon.

4. Who typically buys in this area?
Westwood tends to attract families and long-term homeowners. The mix of modest homes and larger lots appeals to people who want more land than newer subdivisions offer, without the higher price tag of more central neighbourhoods. It's not a trendy area, but it's stable and quiet.

5. What does "ranked top 24% on the street" actually mean for resale?
A top-quartile lot on your street can be a selling point down the line, especially if neighbouring lots are smaller. It gives you options—adding a garage, a garden suite, or just having more privacy. That said, the home's interior condition and overall market demand will matter more for resale than the lot rank alone.