Property score
58.3
Fair
Overall 58.3 · Larger but older than most nearby homes
1,168 sqft (top 11%) · Built in 1922 (24 yrs older than avg)
Located in a above-average income area with median household income of ~76.5k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 1 school, 1 shop, and 2 parks nearby
Living Area
Above average
31% larger than neighborhood avg.
Year Built
Below average
24 yrs older than neighborhood avg.
Mother tongue
English · 73%French · 14%
Past 10 years Archwood sales snapshot (~80% of all data)
153
240k
$333/sqft
1946
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58.3 is composed by the two sections below.
Property Score
Community Score
Archwood
How to read: Share of sales in each ~$50k price band for “archwood” (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: #46110539
$77K
Median household income
$87K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
38%
Single-person households
15%
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
518 Prosper Street — 9 amenities found within 500 m, across 6 categories, including 2 dining (nearest 327 m), 1 education (nearest 432 m), 1 shopping (nearest 334 m).
Archwood · WPS public data · 2026
Annual incidents
4
2026
vs. city avg
-86%
relative to avg
Year-over-year
▼ -91%
vs. prior year
Primary type
Property
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 4% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This one-and-a-half storey home on Prosper Street in Winnipeg's Archwood neighbourhood presents a classic character property with significant potential. Built in 1922, it sits on a generous 3,298 sqft lot, which is notably larger than most in the immediate area. The home itself offers 1,168 sqft of living space and includes a detached garage and an unrenovated basement.
Its primary appeal lies in its value as a solid, well-located foundation. The lot size is a standout feature, offering room for gardens, expansion, or future outdoor living. While the home requires updating, its assessed value is remarkably low, which can be attractive for tax-conscious buyers or those looking for a project. It would best suit a hands-on buyer—a renovator, an investor looking for a long-term hold, or a first-time purchaser with a vision and a budget for gradual improvements. The neighbourhood rankings suggest a stable, established area, making it a practical entry point into the market.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
The assessed value is used for municipal tax calculations and often lags behind market value, especially after a recent sale. The significant difference here suggests the property may be due for a reassessment, so future property taxes could rise.
2. What does "one-and-a-half storey" typically mean for a home of this era?
This style usually features a main floor with principal rooms and a second floor under sloped roofs, creating cozy bedrooms with potentially lower ceilings. It's a charming, traditional layout common in early 20th-century Winnipeg homes.
3. The basement is noted as "not renovated." What should I expect?
Expect a functional, unfinished space typical of the era—likely concrete floors and walls, housing the furnace and utilities. It offers ample storage and future potential but will require significant work to become finished living space.
4. How does the lot size compare to nearby properties?
At 3,298 sqft, this lot is in the top 15% for size within the broader Archwood neighbourhood. This is a key advantage over many neighbouring properties, providing more private outdoor space.
5. The home last sold in late 2021. What might have changed since then?
While the core structure remains, market conditions and interest rates have shifted. The current offering likely reflects a reassessment of value in the current market, presenting a different opportunity than it did three years prior.
