341 Bedson Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,220 sqft home built in 1965, on a 5,470 sqft lot, with an assessed value of $366,000. Located on Bedson Street in Winnipeg’s Westwood neighbourhood, the property sits right around the middle of the pack across most metrics—both on its own street and citywide.

The appeal here is straightforward: you’re getting a home that’s neither exceptional nor lacking in any major category. The living area is almost identical to the street average (1,222 sqft), and the assessed value is slightly above the street average but below the neighbourhood and city averages. The lot is a bit smaller than typical for the area (5,470 sqft vs. a neighbourhood average of 6,491 sqft), which places it in the bottom quarter of Westwood properties by land size. The year built (1965) is essentially average for all three scopes.

This property would suit a buyer who values consistency over standout features—someone who wants a solid, mid-range home in an established neighbourhood without paying a premium for a larger lot or a newer build. It’s a good fit for first-time buyers looking for something move-in ready but not flashy, or for an investor seeking a property with predictable comparables and no unusual risk factors. The land size limitation may be a drawback for buyers wanting a big yard or future expansion, but it could also mean less maintenance and a lower purchase price relative to neighbouring homes.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The assessed value of $366,000 is slightly above the street average of $359,200, but below both the Westwood neighbourhood average ($392,100) and the citywide average for comparable homes ($390,100). This suggests the property is priced competitively for its immediate street but may offer good value relative to the broader area.

2. Is the lot size significantly smaller than other homes in Westwood?
Yes. The land area of 5,470 sqft ranks in the bottom 24% of the neighbourhood, where the average lot is 6,491 sqft. On its own street, however, the lot is closer to average (ranked #47 out of 122). So it’s typical for Bedson Street but small by Westwood standards.

3. What does the “Top 40%” ranking on living area mean?
It means that on Bedson Street, this home’s living area (1,220 sqft) is larger than about 40% of comparable homes, and smaller than about 60%. It’s considered “around average” for all three scopes (street, neighbourhood, city). The bar chart fill length reflects the share of peers you outperform.

4. Is the year built a concern for maintenance or resale?
At 1965, the home is roughly average for both the street and neighbourhood. While it’s not a new build, it’s also not unusually old for the area. The ranking is “Top 70%” on the street (meaning many homes are older), so it’s actually on the newer side relative to Bedson Street. Buyers should still factor in typical mid-century home considerations (e.g., potential for older wiring, plumbing, or insulation), but there’s no red flag here compared to nearby properties.

5. How were these rankings and comparisons calculated?
The rankings compare this property to all other “comparable homes” within each scope (street, neighbourhood, city-wide). The median value for each metric in that scope is used as the “Avg” benchmark. Larger living area, higher assessed value, newer year built, and larger land area are all ranked as “better.” The bar fill length shows what percentage of peers you outperform. This data comes from a neighbourhood analysis tool that includes map-based comparisons of nearby houses.