Property score
69.0
Good
Overall 69.0 · Larger and newer than most nearby homes
1,152 sqft (top 20%) · Built in 1974 (3 yrs newer than avg)
Located in a high-income area with median household income of ~90k
Transit 68.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 school, 3 parks, and 2 sports facilitys nearby
Living Area
Above average
12% larger than neighborhood avg.
Year Built
Above average
3 yrs newer than neighborhood avg.
Mother tongue
English · 88%Chinese · 1%
Past 10 years Westdale sales snapshot (~80% of all data)
538
375k
$318/sqft
1971
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69.0 is composed by the two sections below.
Property Score
Community Score
Westdale
How to read: Share of sales in each ~$50k price band for “westdale” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111085
$90K
Median household income
$110K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
22%
Single-person households
25%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
4 Farnley Place — 6 amenities found within 500 m, across 3 categories, including 1 education (nearest 86 m), 3 parks (nearest 291 m).
Westdale · WPS public data · 2026
Annual incidents
17
2026
vs. city avg
-42%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Violent
53%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 22% | Top 8% | Top 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This is a well-positioned property in Winnipeg’s Westdale neighborhood, built in 1974—making it newer than most homes on its street and in the broader community. Its standout feature is the lot. At 7,836 square feet, the land is significantly larger than the average for Westdale (5,168 sqft) and well above the citywide median. That kind of yard space is increasingly hard to find, particularly inside established neighborhoods.
The living area itself is 1,152 square feet, which is slightly above average for its street and well above the Westdale average, but it falls slightly below the citywide median. It's a functional, modest footprint, not oversized. The assessed value is notably low for its street—ranking last among 10 homes—but sits close to the neighborhood average and below the citywide norm. That suggests the property may be undervalued relative to its immediate neighbours, or that those neighbours have been more substantially updated.
This home would suit a buyer who values land over square footage. It’s a natural fit for someone looking to renovate or expand, or for a household that wants generous outdoor space without paying a premium for a large house. It might also appeal to investors or homeowners who see long-term potential in a below-market assessment on a good-sized lot in a solid area. It’s less suited to someone wanting a move-in-ready, large modern home.
1. How does the property’s assessed value compare to similar homes nearby?
The assessed value is the lowest on Farnley Place and slightly below the Westdale average, but it’s well under the citywide median of $390,000. This could reflect a need for updates or a conservative assessment, but it also means lower property taxes relative to neighbouring homes.
2. Is the lot really that much bigger than typical Westdale lots?
Yes. The lot is 7,836 sqft, ranking in the top 12% citywide. In Westdale, the average lot is about 5,168 sqft, so this property offers roughly 50% more land than the typical home in the area.
3. Why is the property ranked low on assessed value but high on lot size?
Assessed value and lot size don’t always move together. The property has a large lot, but the home itself is from 1974, with a modest 1,152 sqft of living space. Many homes on Farnley Place likely have larger or more updated houses, which pushes their assessed values higher even with smaller lots.
4. How does the 1974 build year compare to other homes in Winnipeg?
It’s newer than average. The median build year citywide is 1966, and in Westdale it’s 1971. On Farnley Place, this home ties for the newest. That means it may have more modern construction standards and less deferred maintenance than many older homes in the area.
5. Would this property work for a renovation or addition?
Potentially, yes. The large lot and below-average assessed value create room for added value through improvements. However, any buyer should check local zoning, setback rules, and permit restrictions in Westdale before assuming an addition or major expansion is straightforward. The existing 1,152 sqft floor plan offers a solid base to work with.
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