Property Overview & Key Characteristics

This 1928 one-storey home on Prosper Street in Archwood presents a classic, no-frills Winnipeg property. Its primary appeal lies in its solid fundamentals: a generous 3,298 sqft lot that ranks in the top 15% of the neighbourhood for size, paired with a modest 767 sqft living area. This combination offers a low-maintenance home with significant outdoor space—a relative rarity. The assessed value is stable and in line with the area, and the home ranks highly for its lot size city-wide.

The property suits practical buyers looking for an entry point into a well-established neighbourhood. It’s ideal for those who value a large yard for gardening, pets, or future expansion more than a large interior footprint. It would also appeal to an investor or handy buyer comfortable with a home of this vintage, seeing the value in the land and the potential to update the structure over time. A less obvious perspective is that this home represents a specific, increasingly uncommon post-war housing type: the true "starter home" on a full-sized lot, offering affordability through a smaller building rather than a tiny parcel of land.

Frequently Asked Questions

1. What does the lot size ranking mean?
The ranking indicates that this property’s lot is larger than 85% of other lots in the Archwood neighbourhood and 84% of lots in Winnipeg, making the outdoor space a significant feature compared to many modern properties.

2. How updated is a home built in 1928?
The listing does not specify recent renovations. Buyers should be prepared for potential updates to major systems like wiring, plumbing, and insulation, which is typical for a home of this age, and budget accordingly for inspections.

3. Is there potential to add a garage later?
With a large lot and no existing garage, there is likely physical space to add one, subject to City of Winnipeg zoning bylaws, setback requirements, and permitting.

4. How does the assessed value relate to the likely selling price?
The assessed value ($23,600) is for municipal tax purposes. The last known sale was in 2017 for $20,000. The current market price will be determined by market conditions, the property’s state, and buyer demand, and will likely be significantly higher than the assessed value.

5. What are the immediate next-door neighbours like?
The proximity of five other homes on the same block (within 30 meters) suggests a closely settled, traditional city neighbourhood. This offers a strong sense of community but minimal privacy from adjacent properties.