43 Henday Bay

Westwood, Winnipeg

Property score

72.1

Good

Overall 72.1 · Older than most nearby homes

1,346 sqft (top 40%) · Built in 1962 (4 yrs older than avg)

Located in a high-income area with median household income of ~108k

Transit 62.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 schools, 1 shop, 1 park, and 1 sports facility nearby

Living Area

Near average

2% smaller than neighborhood avg.

Year Built

Below average

4 yrs older than neighborhood avg.

Mother tongue

English · 89%Tagalog · 2%

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

Sold Count

898

Median price

405k

$/sqft

$307/sqft

Avg build year

1966

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

72.1 is composed by the two sections below.

Property Score

65.8Good
Living Area71
1,346 sqftGood
Year Built46
1962Low
Lot Size81
6,384 sqftExcellent
Neighbourhood Sales Activity37
Low

Community Score

81.6Excellent
Household Income88
Excellent
Education Level54
Fair
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health68
Good

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: #46110316

Community deep dive

$108K

Median household income

$110K

Average household income

6%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.6

P90 / P10 ratio

22%

Single-person households

30%

Families with children

Population, labour & age

Population (2021)601
Labour force participation rate65%
Median age46.0
Avg household size2.5
Unemployment rate6%
Population density2861 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households22%
Couple families with children30%
Median household income (2020)$108K

Housing

Renter households4%
Condominium dwellings0%
Median dwelling value (owners)$360K

Diversity, education & language

Immigrants (share of pop.)8%
Visible minority7%
Bachelor's or higher (25–64)28%
Mother tongue (1st)English · 89%
Mother tongue (2nd)Tagalog · 1%

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

Rankings

Living Area

around average
1,346 sqft
0255075100
Same streetTop 33%Same areaTop 40%CitywideTop 39%
Same street · Henday Bay
#13 / 40
Top 33% · Avg 1,296 sqft
Same area · Westwood
#1,020 / 2,523
Top 40% · Avg 1,372 sqft
Citywide · Winnipeg
#75,331 / 194,458
Top 39% · Avg 1,342 sqft

Tax-Assessed Value

around average
311k
0255075100
Same streetBottom 2%Same areaBottom 6%CitywideBottom 33%
Same street · Henday Bay
#39 / 40
Bottom 2% · Avg 369.1k
Same area · Westwood
#2,370 / 2,523
Bottom 6% · Avg 392.1k
Citywide · Winnipeg
#131,157 / 194,458
Bottom 33% · Avg 390.1k

Year Built

above average
1962
0255075100
Same streetTop 8%Same areaBottom 20%CitywideBottom 44%

Lot Size

above average
6,384 sqft
0255075100
Same streetBottom 30%Same areaTop 32%CitywideTop 24%

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

43 Henday Bay — 9 amenities found within 500 m, across 6 categories, including 2 education (nearest 363 m), 1 shopping (nearest 460 m), 1 parks (nearest 463 m).

Search radius
🏫Education2
🛒Shopping1
🌳Parks1
💪Sports1
Worship3
🏛️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 5/2019CA$250k–300k
Sold price

Same street

Bottom 15%

Same area

Bottom 8%

City-wide

Bottom 31%

Related homes

Highlights & common questions: 43 Henday Bay, Winnipeg

43 Henday Bay – Property Overview

Key Characteristics & Ideal Buyer Profile

This is a 1,346-square-foot bungalow built in 1962 on a 6,384-square-foot lot in Winnipeg’s Westwood neighbourhood. Its standout feature is value: the assessed value sits at $311,000, which is notably below both the street average ($369,100) and the neighbourhood average ($392,100). That means you're paying for the bones, not the polish. The living area ranks near the middle across all comparisons, so it's not a cramped starter home or a sprawling family house—it’s a solid, functional size. The land area, while slightly smaller than the street average, is above average citywide, giving you more yard than many comparable Winnipeg properties. The year built (1962) is among the oldest on the street, which might appeal to buyers who prefer older construction, mature trees, and established neighbourhoods.

The appeal here is straightforward: it’s a budget-friendly entry into Westwood, a well-established area, without sacrificing square footage. The property likely needs some updating or cosmetic work to match its assessed value, which is the kind of opportunity that suits buyers who are comfortable with a renovation or refresh—not a full gut, but a project that could build equity. It’s less suited for someone wanting a turnkey home or a newer build unless they’re willing to pay a premium elsewhere. The lot size is a quiet advantage: in a city where outdoor space is valued, this lot outperforms most others in Winnipeg, giving you room for gardens, a shop, or future expansion if zoning allows.


Five Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbourhood average?
It likely reflects the home’s age (1962) and possibly limited major upgrades compared to nearby properties. The street average is $58,000 higher, suggesting many neighbours have renovated or expanded. This could mean the home is priced for someone willing to invest sweat equity.

2. How does the lot size compare to other properties in Westwood?
The lot is 6,384 sqft, which is slightly below the street average (6,800 sqft) but above the neighbourhood average (6,491 sqft) and well above the citywide average (6,570 sqft). So while it’s not the largest lot on the block, it’s bigger than most homes in the wider area.

3. Is the living area adequate for a family?
At 1,346 sqft, it’s slightly above the street average (1,296 sqft) and on par with citywide medians. It’s a three-bedroom bungalow size—comfortable for a small family or couple, but not spacious for larger families unless you use the basement for extra living space.

4. What does the year built (1962) mean for maintenance?
Homes from this era typically have solid framing and good bones, but may need updated wiring, plumbing, insulation, and windows. Check if any major systems (roof, furnace, windows) have been replaced recently. The above-average age on the street suggests you might be buying one of the more original homes in the area.

5. How does this property rank for resale potential?
The assessed value is in the bottom 10% of Westwood, which could be a good sign for future appreciation if you make targeted improvements. The lot size is a strong asset citywide, and the neighbourhood is well-established—so the resale market here tends to be stable, not flashy. It’s a long-term hold more than a quick flip.