56 Ericsson Bay

Westwood, Winnipeg

Property score

66.1

Good

Overall 66.1 · Older than most nearby homes

1,476 sqft (top 31%) · Built in 1962 (4 yrs older than avg)

Located in a above-average income area with median household income of ~75.5k

Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 4 dining spots, 2 schools, 3 shops, and 2 parks nearby

Living Area

Near average

8% larger than neighborhood avg.

Year Built

Below average

4 yrs older than neighborhood avg.

Mother tongue

English · 81%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

66.1 is composed by the two sections below.

Property Score

68.2Good
Living Area1,476 sqft75Good
Year Built196246Low
Lot Size6,282 sqft81Excellent
Neighbourhood Sales Activity37Low

Community Score

63.0Fair
Household Income75Good
Education Level44Low
Housing Stress52Fair
Core Housing Need63Fair
Employment Health52Fair

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: #46110315

Community deep dive

$76K

Median household income

$92K

Average household income

7%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.7

P90 / P10 ratio

36%

Single-person households

18%

Families with children

Population, labour & age

Population (2021)610
Labour force participation rate57%
Median age44.0
Avg household size2.1
Unemployment rate9%
Population density2440 / km²

Households & income

Low income (LIM-AT, % pop.)7%
Single-person households36%
Couple families with children18%
Median household income (2020)$76K

Housing

Renter households47%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)19%
Visible minority15%
Bachelor's or higher (25–64)20%
Mother tongue (1st)English · 81%
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

above average
1,476 sqft
0255075100
Same streetTop 22%Same areaTop 31%CitywideTop 32%
Same street · Ericsson Bay
#9 / 41
Top 22% · Avg 1,298 sqft
Same area · Westwood
#770 / 2,523
Top 31% · Avg 1,372 sqft
Citywide · Winnipeg
#62,118 / 194,458
Top 32% · Avg 1,342 sqft

Tax-Assessed Value

above average
410k
0255075100
Same streetTop 20%Same areaTop 26%CitywideTop 36%
Same street · Ericsson Bay
#8 / 41
Top 20% · Avg 373.2k
Same area · Westwood
#658 / 2,523
Top 26% · Avg 392.1k
Citywide · Winnipeg
#69,891 / 194,458
Top 36% · Avg 390.1k

Year Built

above average
1962
0255075100
Same streetTop 15%Same areaBottom 20%CitywideBottom 44%

Lot Size

above average
6,282 sqft
0255075100
Same streetBottom 22%Same areaTop 36%CitywideTop 26%

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

56 Ericsson Bay — 21 amenities found within 500 m, across 8 categories, including 4 dining (nearest 378 m), 2 education (nearest 305 m), 3 shopping (nearest 324 m).

Search radius
🍽️Dining4
🏫Education2
🛒Shopping3
🌳Parks2
💪Sports2
🏦Finance2
Worship5
🏛️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 11/2017CA$350k–400k
Sold price

Same street

Bottom 38%

Same area

Top 40%

City-wide

Top 38%
Sold 3/2017CA$250k–300k
Sold price

Same street

Bottom 1%

Same area

Bottom 8%

City-wide

Bottom 31%

Related homes

Highlights & common questions: 56 Ericsson Bay, Winnipeg

56 Ericsson Bay – Property Summary

Key Characteristics & Buyer Profile

This 1962-built home offers 1,476 square feet of living space on a 6,282-square-foot lot, with an assessed value of $410,000. On its own street, the property ranks in the top 20% for value and top 22% for living area—both above the street average. The lot is slightly smaller than the street average (ranking 32nd out of 41), but compares more favorably citywide, where it sits in the top 26% for land area.

The home’s appeal lies in its combination of size and value relative to immediate neighbours. It’s a solid, mid-century property that isn’t the newest on the block but holds its own in terms of space and assessed worth. Buyers who prioritize interior square footage and don’t mind a smaller-than-average yard will find this a strong fit. It’s also well-suited for someone who wants a home that’s slightly above the street norm for value—potentially a sign of good bones or updates—without being the priciest or largest. The year built (1962) is typical for the street but older than the broader neighbourhood average, so it may appeal to buyers who appreciate character, mature landscaping, or established neighborhoods over newer construction.


Frequently Asked Questions

1. How does this home’s lot size compare to others nearby?
On this street, the lot is smaller than average—ranked 32nd out of 41. But compared to the rest of Winnipeg, it’s in the top 26%, meaning the lot is still generous by citywide standards.

2. Is the assessed value accurate or likely to change?
The assessed value of $410,000 is above the street average ($373,200) and neighbourhood average ($392,100). Assessments are based on market conditions at a set point in time. If the home has been recently updated or the market has shifted, the actual sale price may differ.

3. What does “ranked #6 out of 41 for year built” mean?
It means only five homes on this street are newer. The property was built in 1962, which is actually the same as the street average—so the ranking reflects that most homes are from that era or older, and this one is among the newer ones on the street.

4. How does the living space feel for a family or someone working from home?
At 1,476 square feet, it’s larger than the street, neighbourhood, and city averages. That extra space could comfortably accommodate a home office, a dedicated playroom, or an additional bedroom without feeling cramped. The layout and flow would depend on the floor plan, but the square footage is competitive.

5. Would this property be a good investment?
It ranks well for assessed value relative to the street and neighbourhood, which may indicate strong underlying demand. The land area, while smaller on the street, is above average citywide—so the lot itself holds decent value. That said, the home is over 60 years old; potential buyers should factor in maintenance costs and any deferred updates. The neighbourhood analysis page (linked above) offers side-by-side comparisons with nearby homes to help gauge long-term trends.

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