367 Bedson Street – Property Summary

Key Characteristics & Buyer Profile

This single-family home in Westwood, Winnipeg, offers 1,130 square feet of living space on a 5,170-square-foot lot. Built in 1969, it's newer than most homes on its street (top 10%) and in the broader neighbourhood (top 8%). The assessed value sits at $355,000, which is slightly below both the street and neighbourhood averages—meaning you're buying into an area with generally higher-priced homes, but at a more accessible entry point.

Where the property stands out is age. In a neighbourhood where many homes date from the mid-1960s, this one is among the newer options. That can mean fewer major system upgrades right away, though it's still a 55-year-old home. The lot is below average for Westwood (top 85%), so yard space is modest relative to neighbours. Living area is about average for the street but below the neighbourhood norm.

The appeal here is practical: a house that sits in a solidly middle-tier position on most metrics but with a newer build year as a clear advantage. It suits buyers who want to be in an established, older neighbourhood without taking on a full renovation project from the start. First-time homeowners or those trading up from a condo would find the size manageable. Investors might see value in the below-average assessed price relative to the area, though lot size constraints limit expansion potential.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The home is assessed at $355,000. That's about $4,000 below the average on Bedson Street and roughly $37,000 below the Westwood neighbourhood average. Citywide, it's just below the median for comparable homes. This suggests the property is priced to reflect its smaller lot and living area, rather than any major deficit in condition.

2. Is the lot size a limitation for future development?
Yes, likely. At 5,170 square feet, the lot is in the bottom 15% for Westwood and below the citywide average. Adding an extension, garage, or secondary suite would be constrained by both space and typical zoning setbacks. Buyers planning major additions should check local bylaws carefully. For standard single-family use, the yard is adequate for gardens, a patio, or small playset.

3. What does "year built 1969" mean in practical terms?
Homes from this era often have mid-century construction standards. The newer-than-average build year (top 8% in Westwood) is a plus, but it's still over 50 years old. Key things to inspect: electrical systems (likely original), plumbing (galvanized pipes common in this period), and insulation. The roof and furnace age are not listed here, so those should be verified in-person.

4. How does this property compare to others currently for sale in Westwood?
This home sits below the neighbourhood average in both living area and lot size, but below average in assessed value too. That means you're paying less for less space—but in a neighbourhood where many homes are larger and older. It's a trade-off best suited to buyers who prioritize a slightly newer build over square footage or a big yard.

5. What's the neighbourhood like for daily living?
Westwood is an established residential area with a mix of single-family homes, parks, and local amenities. It's not a high-growth or trendy district, which keeps prices relatively stable. The home's location on Bedson Street puts it near bus routes and schools. Buyers should note that "average" rankings for living area and value mean this home fits in quietly—it won't stand out, but it won't be out of place either.