61 Prospect Road – Property Summary
Key Characteristics & Buyer Profile
This 1987 home in Whyte Ridge offers 1,928 square feet of living space on a 6,595-square-foot lot. Its assessed value sits at $545,000.
What stands out here is how the property compares across different scales. On its own street, it's essentially average—middle of the pack for living area and assessed value, and slightly ahead for lot size. But zoom out to the neighbourhood or city level, and the picture shifts. The home ranks in the top 22% for living area within Whyte Ridge and top 13% citywide. The lot follows a similar pattern: top 25% in the neighbourhood, top 21% across Winnipeg. The year built (1987) is older than the neighbourhood average (1994), but newer than the citywide median (1966), which means the home sits in a sweet spot—established construction without being dated.
The less obvious angle here is that this property offers substantial interior space relative to its lot size, which is somewhat unusual. Many homes on larger lots in Whyte Ridge were built later and may have smaller floorplans. That combination of generous living area on a generously sized lot gives a buyer flexibility—room to renovate, add on, or simply spread out without feeling cramped by neighbouring properties.
Who it suits: A buyer who values square footage and a decent yard but doesn't need a brand-new build. It's a strong fit for someone comparison-shopping across the city and looking for solid metrics rather than curb appeal alone. The assessed value sits above the neighbourhood average but well below comparable citywide top-tier homes, suggesting room for value appreciation if the area continues to develop.
Frequently Asked Questions
1. How does this home compare to others on Prospect Road?
On its own street, this property is fairly typical. It ranks #12 out of 31 for living area (top 39%) and #12 out of 31 for assessed value (also top 39%). The lot is slightly smaller than the street average (6,595 sqft vs. 6,979 sqft), but still ranks in the top third. It's not the standout on the block, but it's not an outlier either.
2. Is the assessed value of $545,000 reasonable for this area?
Within Whyte Ridge, the neighbourhood average assessed value is $529,600. This home is above that, but not dramatically so. Citywide, the average for comparable homes is $390,100, so this property is priced well above the city median—reflecting the neighbourhood's desirability and the home's larger-than-average living area.
3. The home was built in 1987—is that considered old for Whyte Ridge?
Yes, relative to the neighbourhood. The average year built in Whyte Ridge is 1994, so this home is about seven years older than most nearby houses. However, citywide, the average is 1966, so it's newer than much of Winnipeg's housing stock. The age is a factor to consider for maintenance, but not unusual for established suburbs.
4. How does the living area compare to other homes in Winnipeg?
This is one of the home's strongest points. At 1,928 sqft, it ranks in the top 13% citywide. For context, the average living area for a comparable home in Winnipeg is 1,342 sqft, so this property offers roughly 44% more space. If square footage is a priority, this home outperforms most options across the city.
5. What is the "neighbourhood analysis map" and should I look at it?
The map allows you to see this home alongside nearby properties for direct comparisons of year built, living area, assessed value, and lot size. It's useful for getting a real sense of how this house sits within its immediate surroundings rather than relying on broad averages. Worth a look if you're serious about the property and want to understand the block's character.