534 Prosper Street

Archwood, Winnipeg

Property score

51.0

Fair

Overall 51.0 · Newer than most nearby homes

877 sqft (bottom 46%) · Built in 1959 (13 yrs newer than avg)

Located in a above-average income area with median household income of ~76.5k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 1 shop, and 2 parks nearby

Living Area

Near average

2% smaller than neighborhood avg.

Year Built

Above average

13 yrs newer than neighborhood avg.

Mother tongue

English · 73%French · 14%

Past 10 years Archwood sales snapshot (~80% of all data)

Sold Count

153

Median price

240k

$/sqft

$333/sqft

Avg build year

1946

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Property score

51.0 is composed by the two sections below.

Property Score

35.9Low
Living Area32
877 sqftLow
Year Built43
1959Low
Lot Size38
3,298 sqftLow
Neighbourhood Sales Activity48
Low

Community Score

73.6Good
Household Income75
Good
Education Level63
Fair
Housing Stress83
Excellent
Core Housing Need76
Good
Employment Health76
Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110539

Community deep dive

$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

Population, labour & age

Population (2021)713
Labour force participation rate71%
Median age39.2
Avg household size2.0
Unemployment rate9%
Population density1658 / km²

Households & income

Low income (LIM-AT, % pop.)9%
Single-person households38%
Couple families with children15%
Median household income (2020)$77K

Housing

Renter households22%
Condominium dwellings0%
Median dwelling value (owners)$260K

Diversity, education & language

Immigrants (share of pop.)17%
Visible minority19%
Bachelor's or higher (25–64)32%
Mother tongue (1st)English · 72%
Mother tongue (2nd)French · 13%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
877 sqft
0255075100
Same streetTop 43%Same areaBottom 46%CitywideBottom 14%
Same street · Prosper Street
#10 / 23
Top 43% · Avg 845 sqft
Same area · Archwood
#201 / 369
Bottom 46% · Avg 892 sqft
Citywide · Winnipeg
#166,617 / 194,458
Bottom 14% · Avg 1,342 sqft

Tax-Assessed Value

above average
321k
0255075100
Same streetTop 17%Same areaTop 14%CitywideBottom 36%
Same street · Prosper Street
#4 / 23
Top 17% · Avg 253.1k
Same area · Archwood
#50 / 369
Top 14% · Avg 276.3k
Citywide · Winnipeg
#124,763 / 194,458
Bottom 36% · Avg 390.1k

Year Built

above average
1959
0255075100
Same streetTop 9%Same areaTop 10%CitywideBottom 40%

Lot Size

around average
3,298 sqft
0255075100
Same streetTop 35%Same areaBottom 15%CitywideBottom 16%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

534 Prosper Street — 8 amenities found within 500 m, across 6 categories, including 1 dining (nearest 268 m), 1 education (nearest 493 m), 1 shopping (nearest 273 m).

Search radius
🍽️Dining1
🏫Education1
🛒Shopping1
🌳Parks2
💪Sports1
Worship2

Crime & Safety

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%

Sales History

Sold 5/2017CA$250k–300k
Sold price

Same street

Top 40%

Same area

Top 41%

City-wide

Bottom 26%

Related homes

Highlights & common questions: 534 Prosper Street, Winnipeg

Property Overview & Key Characteristics

This 1950s-era, one-storey home in Archwood presents a practical and well-positioned opportunity. Its key appeal lies in a combination of a renovated basement, a generous 3,298 sqft lot that ranks in the top 15% of the neighbourhood, and a detached garage. While the 877 sqft living area is modest, the property’s underlying value is highlighted by its above-average assessed value for both the street and the wider area, suggesting a solid foundation. The home last sold in 2017 for $260k.

Its appeal is grounded in space and potential. The large lot offers room for gardening, expansion, or simply more private outdoor space than is typical. The renovated basement adds immediate functional living area. This property would suit a first-time buyer looking for a manageable footprint with room to grow, a downsizer seeking a single-level layout with a sizable yard, or an investor attracted by the lot size and the neighbourhood’s steady metrics. A thoughtful perspective is that while the house itself is of average size for the street, the lot and assessment rankings indicate a property that may hold its value well relative to its immediate peers.


Frequently Asked Questions

1. How does the assessed value compare to the last sale price?
The home was last sold in May 2017 for $260,000. Its current assessed value is $32,100. It’s important to understand that municipal assessed value for tax purposes is not a market appraisal and is typically significantly lower than actual market value.

2. Is the lot size unusual for the area?
Yes. The lot of 3,298 sqft ranks in the top 15% within the Archwood neighbourhood, meaning it is substantially larger than many nearby properties. This is a key feature of this home.

3. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the scope or finish. This would be a key point to clarify with the listing agent to understand if it’s a finished living space, a recreational room, or has separate entrance potential.

4. How does this home compare to others on Prosper Street?
The data shows a mix. The lot size and assessed value rank in the top third of the street, while the living area is near the middle. This suggests a property valued more for its land and overall property value than for its interior square footage.

5. The home was built in 1959. What should I consider?
While the basement has been renovated, the core structure is 67 years old. A pre-purchase inspection would be crucial to understand the condition of major aging components like the roof, foundation, plumbing, and electrical systems, which may be original or nearing the end of their service life.