387 Bedson Street

Westwood, Winnipeg

Property score

69.1

Good

Overall 69.1 · Smaller but newer than most nearby homes

1,105 sqft (bottom 19%) · Built in 1969 (3 yrs newer than avg)

Located in a high-income area with median household income of ~115k

Transit 92.0 · 2-min walk to transit with 5 nearby routes · Within 500m: 3 schools, and 2 parks nearby

Living Area

Below average

19% smaller than neighborhood avg.

Year Built

Above average

3 yrs newer than neighborhood avg.

Mother tongue

English · 85%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

69.1 is composed by the two sections below.

Property Score

58.3Fair
Living Area1,105 sqft60Fair
Year Built196952Fair
Lot Size5,169 sqft67Good
Neighbourhood Sales Activity37Low

Community Score

85.2Excellent
Household Income90Excellent
Education Level63Fair
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health76Good

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: #46110318

Community deep dive

$115K

Median household income

$128K

Average household income

3%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.7

P90 / P10 ratio

16%

Single-person households

33%

Families with children

Population, labour & age

Population (2021)412
Labour force participation rate67%
Median age44.4
Avg household size2.7
Unemployment rate4%
Population density1420 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households16%
Couple families with children33%
Median household income (2020)$115K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$352K

Diversity, education & language

Immigrants (share of pop.)21%
Visible minority15%
Bachelor's or higher (25–64)30%
Mother tongue (1st)English · 85%
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
1,105 sqft
0255075100
Same streetBottom 44%Same areaBottom 19%CitywideBottom 40%
Same street · Bedson Street
#68 / 122
Bottom 44% · Avg 1,222 sqft
Same area · Westwood
#2,044 / 2,523
Bottom 19% · Avg 1,372 sqft
Citywide · Winnipeg
#116,321 / 194,458
Bottom 40% · Avg 1,342 sqft

Tax-Assessed Value

around average
361k
0255075100
Same streetTop 39%Same areaBottom 43%CitywideTop 50%
Same street · Bedson Street
#47 / 122
Top 39% · Avg 359.2k
Same area · Westwood
#1,443 / 2,523
Bottom 43% · Avg 392.1k
Citywide · Winnipeg
#97,103 / 194,458
Top 50% · Avg 390.1k

Year Built

above average
1969
0255075100
Same streetTop 10%Same areaTop 8%CitywideTop 49%

Lot Size

around average
5,169 sqft
0255075100
Same streetBottom 36%Same areaBottom 15%CitywideBottom 49%

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

387 Bedson Street — 5 amenities found within 500 m, across 2 categories, including 3 education (nearest 117 m), 2 parks (nearest 262 m).

Search radius
🏫Education3
🌳Parks2

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 8/2016CA$300k–350k
Sold price

Same street

Bottom 31%

Same area

Bottom 30%

City-wide

Bottom 45%

Related homes

Highlights & common questions: 387 Bedson Street, Winnipeg

387 Bedson Street – Property Summary


1. Key Characteristics & Buyer Profile

This is a 1,105 sqft home built in 1969 on a 5,169 sqft lot in Winnipeg’s Westwood neighbourhood. What stands out is the construction year: it’s among the newer homes on its street (top 10%) and in the neighbourhood (top 8%), which could mean fewer major structural updates compared to older nearby properties. The assessed value of $361,000 is slightly below the neighbourhood average of $392,100 and the citywide average, which may reflect a more modest interior finish or a smaller lot rather than a problem with the property itself.

The lot is smaller than typical for the area—Westwood averages 6,491 sqft—so outdoor space is more compact and low-maintenance. Living area is close to street and city medians, making it a functional but not oversized floor plan.

Its appeal lies in practicality over prestige. The home likely suits a first-time buyer looking to get into a stable, established neighbourhood without taking on a fixer-upper, or a downsizer who wants a newer-ish build with less yard work. Because the assessed value is below both the neighbourhood and city medians, there may be less pressure for the sale price to climb quickly, which could also appeal to someone who wants to avoid a bidding war. The trade-off is clear: you get a newer shell with an older-feeling lot size and a price that doesn't feel inflated.


2. Five FAQs

Q: How does the lot size compare to others in Westwood?
The lot is 5,169 sqft, which is smaller than the neighbourhood average (6,491 sqft) and ranks in the bottom 15% locally. This means less yard maintenance but also less privacy from neighbours and less space for additions or a large garden.

Q: Is the assessed value a reliable indicator of market price?
Assessed value is a snapshot used for tax purposes, not a market valuation. But here it’s useful: the home is assessed at $361,000, while the Westwood average is $392,100. If the home is in decent shape, this gap could signal that the current owner hasn't made major recent upgrades, or that the smaller lot is pulling the value down. It’s worth asking what work has been done since 1969.

Q: How does the home’s age affect its overall condition?
Built in 1969, it’s newer than most homes on its street (top 10%) and in the neighbourhood (top 8%). That’s an advantage—less likely to have old wiring, lead pipes, or a failing foundation than a 1950s home. But it’s still 55+ years old, so be prepared for potential window, roof, or furnace updates depending on recent ownership.

Q: What is the living area layout likely to be?
At 1,105 sqft, it’s a compact home. Most homes of this era in Winnipeg are either bungalows with a finished basement or split-levels. You’ll want to confirm the number of bedrooms and bathrooms, and whether the basement is finished or raw. The square footage alone doesn’t tell you if it’s a two-bedroom or three-bedroom layout.

Q: Is Westwood a good neighbourhood for resale value?
Westwood is an older, established area with a wide mix of housing. The home ranks near the bottom for lot size and slightly below average for assessed value locally—this could mean slower appreciation compared to pricier pockets of the neighbourhood. However, its newer build and modest price point may still attract buyers who want the area’s schools and parks without paying top dollar.

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