69 Prospect Road, Winnipeg
Property Overview
This single-family home in Whyte Ridge offers 1,857 square feet of living space on a 7,319-square-foot lot, built in 1987. Its assessed value is $594,000.
Key characteristics: The property sits on a lot that is larger than average for its street, neighbourhood, and city — ranking in the top 19% on Prospect Road and the top 15% citywide for land area. The living space is slightly below the street average but well above both the neighbourhood and city medians. Its assessed value is notably strong: top 19% on the street, top 11% in Whyte Ridge, and top 8% across Winnipeg.
Where the appeal lies: The home offers more land than most comparable properties, which is increasingly uncommon in established neighbourhoods. The assessed value suggests the market places a premium on this location and lot size relative to the living area. It also has a favourable citywide ranking for being newer than most Winnipeg homes — only 25% of city properties were built more recently.
Who it would suit: Buyers who prioritize outdoor space and a well-established neighbourhood over a brand-new build. It may appeal to those moving from larger centres where lots this size are rare, or to families wanting a solid mid-1980s structure with room for future additions or landscaping. It would be less suited to someone looking for the newest finishes or an open-concept layout typical of 2000s construction.
Frequently Asked Questions
1. How does the year built affect value or maintenance?
Built in 1987, this home is older than the Whyte Ridge average (1994) but newer than most of Winnipeg (median 1966). This means major systems like roofing, windows, and mechanicals may be approaching or past typical replacement age, though the structure itself is from a well-regarded era of local construction. Any home of this vintage should be reviewed with a home inspection focused on insulation, foundation condition, and modernizing electrical or plumbing.
2. Why does assessed value rank higher than living area?
Assessed value reflects not just square footage, but also lot size, location, finish quality, and market demand. This property ranks in the top 8% citywide for assessed value, while its living area ranks in the top 15%. The difference suggests the lot and location are driving a disproportionate share of the home's value — typical of older, desirable neighbourhoods where land is scarce.
3. Is a land area of 7,319 sqft unusual for Whyte Ridge?
Yes. The neighbourhood average is 6,175 sqft, and this lot ranks in the top 17% locally. It's also above the citywide average of 6,570 sqft. In a mature area like Whyte Ridge, lots this size are harder to find than in newer subdivisions, which often have smaller yards.
4. How does the property compare to others on Prospect Road specifically?
On its own street, the home ranks 6th out of 31 for lot size (top 19%) and assessed value (top 19%), but 19th for living area (top 61%) and 20th for year built. So it's a clear standout for land and value, but average or slightly below for interior size and age within that immediate block.
5. What does "comparable homes" mean in these rankings?
The data groups properties by similar type, location, and characteristics — likely single-family detached homes within the same street, neighbourhood, and city. "Avg" refers to a rough median for that group, not a formal average of all homes. The bar fill shows the share of peers this property outperforms for each metric.