12 Farnley Place – Property Overview
Key Characteristics & Buyer Profile
This home sits on a notably large lot of nearly 10,000 square feet—well above both the Westdale neighbourhood average (5,168 sqft) and the Winnipeg citywide average (6,570 sqft). The lot size ranks in the top 3% within the neighbourhood and top 6% citywide. The living area itself is around 1,130 square feet, which is slightly below the citywide average but in line with other homes on Farnley Place. Built in 1974, the house is newer than most in Westdale (where the average build year is 1971) and appears to be the newest home on this street. Its assessed value of $459,000 ranks 1st out of 10 homes on the street and 7th out of 1,460 properties in Westdale (top 1%).
The main appeal here is the land. In a well-established neighbourhood like Westdale, standard lots tend to be modest. This property offers a much larger footprint, which is relatively rare in this part of the city. For a buyer, that means more outdoor space, potential for future additions or landscaping, and better privacy than most nearby homes can offer. The house itself is a straightforward 1970s build with 1,130 sqft of living area—functional but compact. It is not a renovation project per se, but a buyer looking to expand or redevelop could find the lot especially compelling.
This property would suit a buyer who values outdoor space over interior square footage, or someone looking for a strong land asset in a top-ranked neighbourhood. It is also a good fit for buyers who prefer a newer build relative to the area’s housing stock, but who are not looking for a large or recently renovated home. Investors or homeowners with an eye toward future subdivision or redevelopment (pending zoning approvals) may also find the lot size worth investigating.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes in Westdale?
The assessed value reflects both the size of the lot and the fact that the home is newer than most in the area. Larger lots in established neighbourhoods tend to carry a premium, and the home’s year of build (1974) is more recent than the neighbourhood average (1971). The combination of a sizable property in a desirable location pushes the assessed value well above local norms.
2. How does the living area compare to other homes on the street and in the neighbourhood?
At 1,130 sqft, the living area is slightly below the Farnley Place average (1,163 sqft) but above the Westdale neighbourhood average (1,029 sqft). Citywide, it is around average (1,342 sqft). So while the house itself is not large, it is not unusually small for the area—it is more of a standard 1970s layout.
3. Is the lot suitable for building an addition or a secondary suite?
The lot is nearly 10,000 sqft, which is significantly larger than most in Westdale. Whether an addition or secondary suite is feasible depends on local zoning bylaws, setback requirements, and any neighbourhood-specific restrictions. Buyers interested in expansion should check with the City of Winnipeg’s planning department before making assumptions, but the lot size does provide more flexibility than typical properties in this area.
4. How does the age of this home affect maintenance or insurance?
The house was built in 1974, which makes it middle-aged for a Canadian home. Major systems like plumbing, electrical, and roofing may have been updated or may be original. Buyers should request disclosure on recent upgrades and budget for potential renovations. Insurance premiums for homes from the 1970s are generally reasonable, though older wiring or plumbing could be a factor.
5. How does this property rank within the broader Winnipeg market?
Citywide, the lot ranks in the top 6% for size, the assessed value ranks in the top 27%, the build year is in the top 42%, and the living area is around the 57th percentile. So the standout metrics are clearly land and value, not interior space. This property is not a typical family home in terms of square footage, but it is exceptional in terms of land and location within Westdale.