73 Prospect Road – Property Summary
Key Characteristics and Buyer Profile
This is a 1,974-square-foot home built in 1989, sitting on a 6,299-square-foot lot in the Whyte Ridge neighbourhood of Winnipeg. Its appeal is rooted in solid proportions rather than standout extremes. The living area ranks above average both within the neighbourhood (top 19%) and citywide (top 11%), meaning the interior feels generous compared to most homes around it—useful for a family needing room to spread out without moving into a larger or pricier area. The assessed value of $555,000 is near the street average but climbs above neighbourhood and city medians, which suggests the house holds its value well relative to local benchmarks.
The lot size is average for the street but above average for the broader neighbourhood and city, offering a practical yard without the maintenance of an oversized property. The home is newer than most citywide (1989 vs. 1966 city average) and among the newest on its street (top 10%), which may appeal to buyers wanting fewer immediate updates than older homes typically require.
This property would suit a buyer who values space and condition over novelty. It is not a showpiece or a fixer-upper—it is a well-positioned, livable home for someone who wants a functional layout, a decent yard, and a location that ranks well for home size and value consistency. First-time buyers with a solid budget, or a small family upgrading from a tighter space, would likely find it fits.
Frequently Asked Questions
1. How does this home compare to others on Prospect Road specifically?
On its street, the home is around average for living area and assessed value, but it ranks third out of 31 for year built—meaning it is notably newer than most neighbours. The lot size is slightly smaller than the street average, but not by a meaningful margin.
2. Is the assessed value of $555,000 a fair estimate?
The value is close to the street average of $562,000 and significantly above the citywide average for comparable homes ($390,100). This suggests the price reflects the home's above-average size and newer construction within a desirable neighbourhood, not an inflated bubble.
3. Why is the lot ranked lower than the living area and value?
The lot ranks in the top 58% on the street and top 30% in the neighbourhood—decent but not standout. The house itself is where the property outperforms: the interior footprint is larger and newer than most, so the value is driven more by the structure than the land.
4. What does the "taon ng paggawa" (year built) ranking tell me?
The home was built in 1989, which is newer than 77% of homes citywide. On its street, only two houses are newer. This means fewer likely concerns with outdated wiring, lead pipes, or knob-and-tube systems—though a home inspection is still wise for a 35-year-old property.
5. Who should skip this property?
Buyers wanting a large, private lot (over 7,000 sqft) or a brand-new build (post-2000) may feel this home is middle-of-the-road. It also may not suit someone looking for a bargain or a fixer-upper with upside—the assessed value is already above average, and the home is in solid but not outdated condition, so major renovation potential is limited.