This is a 1969-built home with 1,253 sq. ft. of living space on a notably large 7,451 sq. ft. lot. The property’s main appeal sits in its land value and assessed price relative to its surroundings. The lot size ranks in the top 7% on the street and top 14% city-wide – a real advantage in a neighbourhood where older post-war homes tend to sit on smaller plots. The assessed value of $452,000 is also strong, ranking in the top 3% on Bedson Street and top 15% in Westwood, which suggests the home carries above-average equity for the area. Build quality is solid for its era, being slightly newer than average for both the street and community. The living space is essentially average at every level – neither a standout nor a drawback. This property would best suit a buyer who prioritises outdoor space and longer-term land appreciation over maximised interior square footage. It’s a practical choice for families wanting a generous yard in a mature, stable neighbourhood, or for someone looking for a renovation project where the underlying land and location already offer strong value.
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How does the assessed value compare to homes nearby?
The home’s $452,000 assessed price is significantly above both the street average ($359k) and the community average ($392k). It ranks in the top 3% on Bedson Street, which points to a property that has either been well-maintained, updated, or sits on a particularly desirable lot within the area.
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Is the living space considered small for this area?
No – it's right around average. At 1,253 sq. ft., it's slightly above the street average (1,222 sq. ft.) and in line with the middle of the pack for Westwood and Winnipeg. It won’t feel cramped, but it’s also not oversized.
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What's the advantage of the large lot?
A 7,451 sq. ft. lot is rare for this street and well above average city-wide. It offers more flexibility for gardens, sheds, play areas, or potential future expansion (subject to zoning). In a mature neighbourhood like Westwood, larger lots tend to hold value well and are harder to find.
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Why is the assessment value so high compared to other homes in the area?
Likely a combination of the newer build year (1969 vs. the street average of 1966), the larger land size, and any improvements made over time. Assessment reflects market conditions at a point in time, so high ranking within the street suggests it's seen as a premium property in that immediate context.
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Is this a good property for someone looking to renovate?
It could be. The strong land value and above-average assessed price mean you’re not buying a fixer-upper on a cheap lot. Renovation here would likely add value, but the upfront cost is higher than a bottom-of-market property. It makes more sense if you plan to stay long-term and improve gradually, rather than flipping quickly.