Property score
55.9
Fair
Overall 55.9 · Larger than most nearby homes
1,008 sqft (top 21%) · Built in 1940 (6 yrs older 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 shop, 2 parks, and 1 sports facility nearby
Living Area
Above average
13% larger than neighborhood avg.
Year Built
Below average
6 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
55.9 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
540 Prosper Street — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 248 m), 1 shopping (nearest 253 m), 2 parks (nearest 107 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 | Top 10% | Top 6% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 540 Prosper Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Archwood presents a solid opportunity. Built in 1940, it sits on a generous 3,299 sqft lot, which is notably larger than most in the immediate area and across Winnipeg. The home itself is 1,008 sqft and features a renovated basement and a detached garage.
Its primary appeal lies in its established neighbourhood setting and the value represented by its lot size and recent updates below grade. The property ranks highly for its lot dimensions and assessed value within its street and wider neighbourhood, suggesting it is a above-average offering for the locale. It would suit first-time buyers looking for a manageable, single-level home with room to grow outdoors, or an investor seeking a property with strong fundamental metrics in a stable area. A thoughtful perspective is that while the living area is modest, the significant lot size offers future potential for expansion or landscaping, something newer infill properties often lack.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks in the top 8% of the Archwood neighbourhood and the top 13% on its own street, indicating it is considered a higher-value property within this specific market.
2. What is the neighbourhood like?
Archwood is an established, mature neighbourhood in Winnipeg. The high ranking for lot sizes on Prosper Street suggests a streetscape with more spacious properties compared to other parts of the area.
3. Is the house small for a family?
At 1,008 sqft of living space, it is a compact one-storey layout. However, the renovated basement provides additional finished space, and the large lot is a significant asset for outdoor living and play.
4. How old is the property, and what does that mean?
The home was built in 1940. While the core structure is older, the basement renovation is a key modern update. Buyers should factor in the maintenance typical of a home of this age, balanced against the character and lot size often found in established areas.
5. How does it compare to nearby homes?
The data shows it has a larger lot and a higher assessed value than many referenced properties in Archwood and neighbouring Norwood East, though some compared homes offer more living space. It represents a different proposition: a premium lot size and value ranking in its immediate locale versus a larger house on a potentially smaller lot.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
