3 Prospect Road

Whyte Ridge, Winnipeg

Property score

78.6

Good

Overall 78.6 · Smaller than most nearby homes

1,372 sqft (bottom 25%) · Built in 1989 (5 yrs older than avg)

Located in a high-income area with median household income of ~132k

Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 2 parks, 1 fuel station, and 1 place of worship nearby

Living Area

Below average

18% smaller than neighborhood avg.

Year Built

Below average

5 yrs older than neighborhood avg.

Mother tongue

English · 77%Chinese · 6%

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

Sold Count

752

Median price

536.3k

$/sqft

$352/sqft

Avg build year

1994

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Property score

78.6 is composed by the two sections below.

Property Score

70.4Good
Living Area1,372 sqft71Good
Year Built198978Good
Lot Size5,579 sqft74Good
Neighbourhood Sales Activity23Low

Community Score

91.0Excellent
Household Income92Excellent
Education Level91Excellent
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health68Good

Neighbourhood Sales

Whyte Ridge

How to read: Share of sales in each ~$50k price band for “whyte ridge” (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: #46111061

Community deep dive

$132K

Median household income

$170K

Average household income

3%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.2

P90 / P10 ratio

10%

Single-person households

39%

Families with children

Population, labour & age

Population (2021)629
Labour force participation rate67%
Median age52.0
Avg household size2.7
Unemployment rate9%
Population density1850 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households10%
Couple families with children39%
Median household income (2020)$132K

Housing

Renter households4%
Condominium dwellings0%
Median dwelling value (owners)$460K

Diversity, education & language

Immigrants (share of pop.)11%
Visible minority13%
Bachelor's or higher (25–64)56%
Mother tongue (1st)English · 76%
Mother tongue (2nd)Chinese · 5%

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

Rankings

Living Area

around average
1,372 sqft
0255075100
Same streetBottom 1%Same areaBottom 25%CitywideTop 37%
Same street · Prospect Road
#31 / 31
Bottom 1% · Avg 1,911 sqft
Same area · Whyte Ridge
#1,794 / 2,382
Bottom 25% · Avg 1,666 sqft
Citywide · Winnipeg
#72,172 / 194,458
Top 37% · Avg 1,342 sqft

Tax-Assessed Value

above average
475k
0255075100
Same streetBottom 3%Same areaBottom 19%CitywideTop 24%
Same street · Prospect Road
#30 / 31
Bottom 3% · Avg 562k
Same area · Whyte Ridge
#1,929 / 2,382
Bottom 19% · Avg 529.6k
Citywide · Winnipeg
#46,653 / 194,458
Top 24% · Avg 390.1k

Year Built

above average
1989
0255075100
Same streetTop 10%Same areaBottom 31%CitywideTop 23%

Lot Size

around average
5,579 sqft
0255075100
Same streetBottom 10%Same areaTop 49%CitywideTop 41%

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

3 Prospect Road — 4 amenities found within 500 m, across 3 categories, including 2 parks (nearest 268 m).

Search radius
🌳Parks2
Fuel Stations1
Worship1

Crime & Safety

Whyte Ridge · WPS public data · 2026

Annual incidents

4

2026

vs. city avg

-86%

relative to avg

Year-over-year

-95%

vs. prior year

Primary type

Violent

75%

Sales History

Sold 12/2019CA$350k–400k
Sold price

Same street

Bottom 12%

Same area

Bottom 13%

City-wide

Top 36%
Sold 11/2016CA$350k–400k
Sold price

Same street

Bottom 1%

Same area

Bottom 12%

City-wide

Top 36%

Related homes

Highlights & common questions: 3 Prospect Road, Winnipeg

3 Prospect Road – Property Summary

Key Characteristics & Buyer Profile

This 1,372 sqft home on a 5,579 sqft lot in Whyte Ridge (Winnipeg) was built in 1989. Its appeal is less about standout size and more about context. The living area and lot are below the street average, but the home itself ranks among the newest on Prospect Road (3rd out of 31 homes) and sits above the citywide median for assessed value. That combination—a newer build in a street where many homes are both larger and older—means you’re likely paying a premium for relative modernity, not for square footage or land.

The assessed value ($475k) is below the street and neighbourhood averages, but notably above the citywide average ($390k). This reflects the value of the neighbourhood itself, not just the house. For buyers, the property offers a foothold in Whyte Ridge at a lower entry point than many nearby homes, without sacrificing build era.

This property would suit a buyer who prioritizes a home that’s newer than much of the surrounding stock and wants to live in a well-established, mid-tier Winnipeg neighbourhood. It’s less ideal for someone seeking maximum square footage or a large lot relative to neighbours. A buyer here trades some space for a more recent build year and a location that ranks high citywide for value—without overpaying for street prestige.


Five Possible FAQs

1. How does this home’s assessed value compare to similar properties on Prospect Road?
It’s below the street average. Prospect Road homes average $562k in assessed value; this property is assessed at $475k, ranking 30th out of 31 homes. That means it’s among the more affordable options on the street.

2. Is the lot size considered small for the area?
On Prospect Road, yes—the lot is below average (5,579 sqft vs. a street average of 6,979 sqft). But within the broader Whyte Ridge neighbourhood and citywide, it’s around average, so the lot size is typical for the area, not an outlier.

3. Why is the assessed value above citywide average but below neighbourhood average?
This reflects the relative desirability of Whyte Ridge compared to Winnipeg as a whole. The neighbourhood carries higher property values, but this particular home sits at the lower end within that neighbourhood. So you get the benefit of a stronger local market without paying the top-tier price within it.

4. What does the home’s 1989 build year mean in practical terms?
It makes the house newer than about 77% of comparable homes citywide and nearly all others on Prospect Road (which average 1988). That can mean fewer major system replacements (roof, furnace, windows) compared to an older home, but it also means the house is over 35 years old—so a home inspection should still focus on original mechanicals and structure.

5. How does the living area rank within the neighbourhood?
It’s below average. Whyte Ridge homes in this comparison group average 1,666 sqft; this one is 1,372 sqft. The home ranks in the bottom quarter of the neighbourhood for size, so buyers should expect a more compact floor plan relative to nearby houses.

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