527 Bedson Street – Property Summary
Key Characteristics & Buyer Profile
This 1,066 sqft bungalow, built in 1963, sits on a 5,177 sqft lot in Winnipeg’s Westwood neighbourhood. Its assessed value is $312,000.
The property’s main appeal is its affordability relative to the surrounding area. The assessed value ranks in the bottom 10% on Bedson Street and bottom 6% in Westwood, meaning it’s one of the more reasonably priced homes in a neighbourhood where values trend higher. The living area is slightly below the street average but close to typical for the city overall. The lot is a bit undersized compared to neighbours, but still offers a usable yard.
Where this home doesn’t stand out is condition or size—it’s a modest, post-war build in a well-established area. Buyers who are priced out of larger or updated homes in Westwood may find this a more accessible entry point. It’s less suited for someone seeking a turnkey property or a lot large enough for a major addition. First-time buyers looking for a solid starter home on a quiet street, or investors targeting lower-entry infill opportunities, might find it worth a look. The neighbourhood is mature, with established schools and amenities close by.
Frequently Asked Questions
1. How does the property's assessed value compare to similar homes nearby?
The assessed value of $312,000 is below the street average of $359,200 and well below the Westwood neighbourhood average of $392,100. It ranks in the bottom 10% on the street and bottom 6% in the area, making it one of the more affordable options in the immediate vicinity.
2. What's the lot like? Is it big enough for a garage or garden?
The land area is 5,177 sqft. This is slightly below the street average of 5,651 sqft and noticeably smaller than the neighbourhood average of 6,491 sqft. It’s a typical post-war city lot—enough for a small to medium yard, a single garage, and some garden space, but not oversized compared to neighbours.
3. Is the living space considered small for a home of this era?
At 1,066 sqft, it's below the street average of 1,222 sqft and the citywide average of 1,342 sqft. It’s on the smaller side for a 1960s bungalow, fitting the profile of a modest starter home rather than a family-sized property. Buyers coming from a condo or apartment may find it comfortable.
4. What year was it built, and is that a concern?
Built in 1963, it’s slightly older than the average home on Bedson Street (1966) and evening out with the neighbourhood average. Homes from this era typically have good bones but may need updates to electrical, plumbing, or insulation. A home inspection is recommended to assess the original systems.
5. Who is this house best suited for?
It works well for first-time buyers looking for an affordable entry into a mature, stable neighbourhood, or for investors or renovators seeking a lower-cost property in a higher-value area. It may be less ideal for buyers needing more square footage or a larger lot, or those wanting a home that requires minimal immediate work.