Property Summary: 293 Bedson Street
Key Characteristics & Buyer Fit
This is a 1966-built home with 1,186 square feet of living space on a 5,146-square-foot lot. Its assessed value is $344,000. Across all four metrics—living area, assessed value, year built, and land area—the property sits around the middle of the pack citywide, with modest variations at the street and neighborhood level.
Where its appeal lies: This is not a standout property in terms of size or value. It’s a solid, unremarkable entry point into Westwood. The living area is slightly below the street average (1,222 sqft) and well below the neighborhood average (1,372 sqft), but the assessed value is also lower than both—meaning you’re not paying a premium for square footage you’re not getting. The land area, however, is notably small for both the street and neighborhood (5,146 sqft vs. 5,651 and 6,491), which might matter to buyers wanting yard space or future expansion potential.
One less obvious perspective: the year built is dead average for all three scopes (1966). That consistency suggests this home was part of a concentrated development wave, which often means standardized construction and similar maintenance timelines among neighbours. That can be useful for estimating what’s been updated or what might need attention soon.
Suitable buyers: First-time buyers who want a functional home in a stable, middle-tier Winnipeg neighbourhood without stretching their budget. Also suitable for investors looking for an average-condition rental in a non-premium area—the lower land value keeps the entry cost down, and the living-area-to-value ratio is reasonable. Less suitable for families who prioritize lot size or for anyone planning major additions.
Frequently Asked Questions
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How does this home compare to others on Bedson Street?
It’s slightly below average in living area and land size, and assessed value is about $15,000 below the street average. That puts it in the lower half of the street, but not drastically so.
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Is the small lot a dealbreaker?
Only if you need space for a garage, workshop, or large garden. The lot is roughly 20% smaller than the neighbourhood average. For a typical single-family home without expansion plans, it’s functional but tight.
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Why is the assessed value lower than the neighbourhood average?
The property’s smaller living area and land size are the main drivers. The neighbourhood average assessment ($392,100) reflects homes with roughly 200 more square feet and over 1,300 more square feet of land.
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What does “around average” mean in the citywide rankings?
It means this property falls near the middle of all comparable homes in Winnipeg—no extreme advantages or disadvantages. For living area and land size, it ranks in the top 51-52% citywide, which is effectively median territory.
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Should I expect this home to need major updates soon?
Given the 1966 build date, systems like the roof, furnace, and electrical may be original or near the end of their lifespan. The fact that it’s average for the neighbourhood means it likely received typical maintenance but not necessarily major renovations. Always budget for inspections of these items.