Property score
63.4
Fair
Overall 63.4 · Smaller and older than most nearby homes
1,049 sqft (bottom 10%) · Built in 1962 (4 yrs older than avg)
Located in a high-income area with median household income of ~95k
Transit 86.0 · 3-min walk to transit with 4 nearby routes · Within 500m: 5 dining spots, 1 school, 2 shops, and 2 parks nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Below average
4 yrs older than neighborhood avg.
Mother tongue
English · 85%Tagalog · 3%
Past 10 years Westwood sales snapshot (~80% of all data)
898
405k
$307/sqft
1966
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
Free · No credit card required
63.4 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110314
$95K
Median household income
$114K
Average household income
2%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.4
P90 / P10 ratio
24%
Single-person households
29%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
505 Bedson Street — 15 amenities found within 500 m, across 8 categories, including 5 dining (nearest 415 m), 1 education (nearest 403 m), 2 shopping (nearest 388 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 48% | Bottom 46% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This is a 1,049-square-foot home built in 1962, sitting on a 5,174-square-foot lot in Winnipeg’s Westwood neighbourhood. The property’s most notable feature is its assessed value ($299,000), which ranks well below average on its street, in its neighbourhood, and citywide. This gives it the look of a value play—especially when compared to the street average of $359,200 and the neighbourhood average of $392,100.
The living area is also below average locally, but citywide it sits around the middle of the pack. The lot size is close to the street and city medians, though slightly smaller than the Westwood norm. The home is slightly older than the local average (built 1962 vs. 1966), but that’s a minor gap.
Where this property’s appeal lies is in affordability relative to its surroundings. It’s not a standout in size or lot—but the price gap suggests either an entry point into a neighbourhood that skews more expensive, or a property that needs some work. The buyer pool here is likely first-time buyers looking for a low entry cost in a stable area, or investors seeking a budget-friendly acquisition in a mid-tier Winnipeg neighbourhood. It’s not a turnkey dream home, but it could be a smart foot in the door.
1. How does this home’s value compare to others on the same street?
It ranks #120 out of 122 homes on Bedson Street by assessed value—meaning only two other properties are lower. The average assessment on the street is about $359,000, so this home is roughly $60,000 below that.
2. Is the living space small for the area?
Yes, relative to the neighbourhood. At 1,049 square feet, it’s below the Westwood average of 1,372 square feet and ranks in the bottom 10% locally. However, it’s more in line with the citywide median, so it’s not unusually small by Winnipeg standards.
3. Why is the assessed value so much lower than the neighbourhood average?
That’s the defining feature of this property. It could be due to a smaller living area, an older finish level, or condition factors not captured in the data here. The gap is large enough that a buyer should investigate whether it reflects deferred maintenance or simply a modest home in a higher-value pocket.
4. How does the lot size compare?
The lot is 5,174 square feet—slightly smaller than the street average (5,651 sqft) and noticeably below the Westwood norm (6,491 sqft). It’s still close to the citywide median, so it’s not unusually cramped. It’s a typical urban lot, not a generous suburban one.
5. Would this property be a good fit for a first-time buyer?
Possibly, if the lower price reflects manageable condition. It offers a lower barrier to entry into Westwood, which generally has higher-valued homes. But buyers should budget for potential updates—especially if the assessment gap signals age-related issues. It’s not a move-in-ready premium property; it’s a starting point with room to build equity.
