542 Prosper Street

Archwood, Winnipeg

Property score

42.6

Below average

Overall 42.6 · Smaller than most nearby homes

676 sqft (bottom 16%) · 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 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 shop, 2 parks, and 1 sports facility nearby

Living Area

Below average

24% smaller 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)

Sold Count

153

Median price

240k

$/sqft

$333/sqft

Avg build year

1946

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Property score

42.6 is composed by the two sections below.

Property Score

21.9Low
Living Area15
676 sqftLow
Year Built24
1940Low
Lot Size38
3,299 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

below average
676 sqft
0255075100
Same streetBottom 22%Same areaBottom 16%CitywideBottom 3%
Same street · Prosper Street
#18 / 23
Bottom 22% · Avg 845 sqft
Same area · Archwood
#309 / 369
Bottom 16% · Avg 892 sqft
Citywide · Winnipeg
#189,451 / 194,458
Bottom 3% · Avg 1,342 sqft

Tax-Assessed Value

around average
253k
0255075100
Same streetTop 39%Same areaBottom 36%CitywideBottom 18%
Same street · Prosper Street
#9 / 23
Top 39% · Avg 253.1k
Same area · Archwood
#236 / 369
Bottom 36% · Avg 276.3k
Citywide · Winnipeg
#159,758 / 194,458
Bottom 18% · Avg 390.1k

Year Built

above average
1940
0255075100
Same streetTop 22%Same areaBottom 32%CitywideBottom 19%

Lot Size

above average
3,299 sqft
0255075100
Same streetTop 13%Same areaBottom 27%CitywideBottom 17%

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

542 Prosper Street — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 238 m), 1 shopping (nearest 243 m), 2 parks (nearest 113 m).

Search radius
🍽️Dining1
🛒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 10/2024CA$300k–350k
Sold price

Same street

Top 20%

Same area

Top 14%

City-wide

Bottom 42%

Related homes

Highlights & common questions: 542 Prosper Street, Winnipeg

Property Overview & Key Characteristics

This 1940s one-storey home in Archwood presents a compact, efficient living space on a generously sized lot. Its primary appeal lies in the combination of a renovated basement and a detached garage, offering immediate utility and potential for expansion or workshop use. The lot size is a significant asset, ranking in the top 87% on its street, providing valuable outdoor space uncommon for the home's footprint.

The property would suit first-time buyers or downsizers seeking a manageable, single-level layout with modernized basics. It also appeals to value-oriented investors or hands-on buyers who see potential in the substantial lot and the ability to further customize the already updated basement. A less obvious perspective is its appeal to those prioritizing a lower annual property tax burden, as the assessed value is modest relative to the sold price, suggesting room for tax assessment to catch up to market value over time.

Frequently Asked Questions

1. Is the house too small at 676 sq ft?
While the main living area is compact, the renovated basement effectively doubles the usable space, making it more functional than the square footage suggests. It's a layout that encourages efficient living.

2. How does the recent sale price compare to the assessed value?
The home sold for $31,300k in late 2024, which is notably higher than its $25.30k assessed value. This is common and indicates the market valued the home's condition, lot size, and updates beyond the city's assessment for tax purposes.

3. What does the lot size mean for me?
At 3,299 sq ft, the lot is well above average for the area. This provides ample yard space, better privacy from neighbours, and long-term potential for additions, a large garden, or outdoor living areas.

4. The home is 86 years old. What should I be concerned about?
While the renovated basement is a plus, a professional inspection is crucial to review the core structure, foundation, roof, and major systems (plumbing, electrical) for an older home. The detached garage is also likely original.

5. How does this location rank for investment or resale?
The rankings show a mix: the lot size and recent sale price rank highly in the neighbourhood and city, suggesting strong underlying value. The living area size is smaller than most, which may appeal to a specific buyer segment when reselling.