8 Farnley Place – Property Summary
Key Characteristics & Buyer Profile
This single-family home at 8 Farnley Place in Westdale, Winnipeg offers 1,096 sq ft of living space on a generous 8,204 sq ft lot, built in 1974. Its assessed value is $388,000.
The property’s strongest asset is its land. At over 8,200 sq ft, it ranks in the top 10% citywide for lot size, and in the top 7% within Westdale. For buyers looking for outdoor space, yard potential, or room to expand, this is a standout feature in an established neighbourhood where the average lot is just over 5,100 sq ft.
The home itself is solid but not exceptional by modern standards. Its living area is slightly below the Winnipeg average, though above average for Westdale. The building’s age (1974) puts it ahead of many homes in the area and city, meaning it may have more modern construction standards than older stock.
The assessed value sits close to the street and city averages, but is significantly above the Westdale average—reflecting that this property holds higher value than many nearby homes, driven largely by its land.
This property would suit buyers who prioritize space outdoors over a large interior: families wanting a yard, gardeners, or those considering a future renovation or addition. It’s less suited for someone seeking a move-in-ready, maximized floor plan or a home with premium interior finishes.
Frequently Asked Questions
1. How does the living space compare to other homes nearby?
At 1,096 sq ft, it’s just below the average for Farnley Place (1,163 sq ft) and slightly above the Westdale average (1,029 sq ft). It ranks 6th out of 10 on the street and in the top third of the neighbourhood.
2. Is this considered a large lot for Winnipeg?
Yes. The lot is 8,204 sq ft, placing it in the top 10% citywide. Within Westdale, it ranks in the top 7%—well above the neighbourhood average of 5,168 sq ft.
3. Why is the assessed value higher than other homes in Westdale?
The assessment is $388,000, compared to the Westdale average of $307,000. The gap is mainly due to the larger lot size. The home’s value aligns more closely with the street and city averages, suggesting the land is the primary driver of the higher assessment.
4. How old is the house, and is that considered old in this area?
Built in 1974, it’s the newest home on Farnley Place and ranks in the top 9% of Westdale homes by age. The neighbourhood average build year is 1971, and citywide it’s 1966, so this house is newer than much of the surrounding stock.
5. What should a buyer look out for with a 1970s home?
While newer than many in the area, a 1974 build likely has original mechanical systems, windows, or finishes that may need updating. Buyers should inspect the roof, furnace, electrical, and plumbing. The advantage is that the lot size offers flexibility for a renovation or addition if the interior needs work.