58 Ericsson Bay

Westwood, Winnipeg

Property score

61.1

Fair

Overall 61.1 · Smaller than most nearby homes

1,120 sqft (bottom 22%) · Built in 1964 (2 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

Below average

18% smaller than neighborhood avg.

Year Built

Near average

2 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

61.1 is composed by the two sections below.

Property Score

59.8Fair
Living Area1,120 sqft60Fair
Year Built196446Low
Lot Size6,720 sqft85Excellent
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

around average
1,120 sqft
0255075100
Same streetBottom 17%Same areaBottom 22%CitywideBottom 42%
Same street · Ericsson Bay
#34 / 41
Bottom 17% · Avg 1,298 sqft
Same area · Westwood
#1,964 / 2,523
Bottom 22% · Avg 1,372 sqft
Citywide · Winnipeg
#112,617 / 194,458
Bottom 42% · Avg 1,342 sqft

Tax-Assessed Value

above average
412k
0255075100
Same streetTop 15%Same areaTop 25%CitywideTop 35%
Same street · Ericsson Bay
#6 / 41
Top 15% · Avg 373.2k
Same area · Westwood
#636 / 2,523
Top 25% · Avg 392.1k
Citywide · Winnipeg
#69,027 / 194,458
Top 35% · Avg 390.1k

Year Built

above average
1964
0255075100
Same streetTop 7%Same areaBottom 42%CitywideBottom 46%

Lot Size

above average
6,720 sqft
0255075100
Same streetTop 20%Same areaTop 23%CitywideTop 19%

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

58 Ericsson Bay — 21 amenities found within 500 m, across 8 categories, including 4 dining (nearest 377 m), 2 education (nearest 299 m), 3 shopping (nearest 333 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 8/2022CA$450k–500k
Sold price

Same street

Top 8%

Same area

Top 12%

City-wide

Top 18%

Related homes

Highlights & common questions: 58 Ericsson Bay, Winnipeg

58 Ericsson Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,120 sqft home on a 6,720 sqft lot, built in 1964. The assessed value sits at $412,000. What stands out here isn't the living space—it's the land. The lot is well above average across every comparison level: top 20% on the street, top 23% in the neighbourhood, and top 19% citywide. The assessed value also runs high for the area (top 15% on the street, top 25% in the neighbourhood), which suggests the premium is tied more to the property's location and lot size than the house itself.

The house is on the smaller side for the street (ranked 34 out of 41), and while it was built earlier than most on this block, the year is unremarkable within the broader neighbourhood and city. The appeal here is for buyers who value yard space, privacy, or expansion potential over a larger existing floor plan. It would suit someone looking to renovate, add on, or simply own a generously sized lot in an established area. It's less suited for someone needing maximum finished square footage for the price.


Five Possible FAQs

1. Why is the assessed value high if the house is small?
The value is driven mostly by the lot. The land area ranks in the top 20% on this street and top 19% citywide. Older homes on larger lots in mature neighbourhoods often carry values that reflect the land's redevelopment or renovation potential rather than the current structure.

2. Is this a fixer-upper or a move-in ready home?
That depends on the buyer's standards. The data doesn't include condition, but a property this age with a below-average living area on an above-average lot often attracts buyers who plan to renovate or rebuild. It's worth inspecting closely rather than assuming it's turnkey.

3. How does this property compare to others nearby?
On the same street, it's one of the oldest and smallest houses, but one of the most highly assessed. That indicates it's not typical for the block. Most neighbours likely have larger homes on slightly smaller lots. You're paying for being on the lower end of house size but the upper end of land size relative to the street.

4. Who typically buys this type of property?
Buyers who prioritize outdoor space, gardens, or the option to expand later. Also contractors or investors looking for a lot with a structure that may be updated or replaced. Families wanting a finished home with a large interior layout would likely look elsewhere.

5. What should I check before making an offer?
Beyond the standard inspection, look into zoning bylaws for lot coverage, setback requirements, and any restrictions on additions or secondary suites. On a smaller house with a larger lot, the potential to expand is often the real value—but it's only useful if the rules allow it.

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