Property Overview: 2381 Knowles Avenue, Kil-Cona Park, Winnipeg
Key Characteristics & Appeal
This one-storey home in Kil-Cona Park presents a compelling mix of modest living space and exceptional land size. The house itself, built in 1970, is approximately 996 sqft with a renovated basement, placing it below the average size for its immediate area. Its assessed value, however, is notably above average for both the street and the city, suggesting significant updates or desirable intangible factors.
The property’s standout feature is its expansive 72,970 sqft lot, which ranks in the top 3% on its street and the top 1% city-wide. This extraordinary land parcel offers immense potential for gardening, recreation, future expansion, or simply enjoying private outdoor space—a rarity in an urban setting. The appeal here is fundamentally land-centric. It suits a buyer whose priority is space and future potential over immediate square footage. This could be perfect for someone seeking a hobby farm, multi-generational living with room for additions, or a buyer who values long-term investment in land over a move-in-ready mansion. The attached and detached garages add practical utility for vehicles, storage, or workshops. It’s a property for a visionary or a pragmatist who sees the lasting value in owning a substantial piece of land.
Frequently Asked Questions
1. Why is the assessed value high relative to the home's size?
The above-average assessed value likely reflects the premium for the extremely large lot, the renovated basement, and recent market trends for properties with significant land in Winnipeg. The value is driven more by the land asset and improvements than by the living area square footage.
2. What can I do with such a large lot?
Beyond a spacious yard, possibilities could include extensive gardening, adding outbuildings (subject to zoning and permits), creating recreational spaces, or potentially subdividing in the future, though any development would require thorough investigation with the city.
3. Is the smaller living area a major drawback?
That depends on your needs. The home offers functional, updated space, but the lifestyle here is oriented toward the outdoors and the potential of the land. It may not suit those who prioritize large, modern interior spaces for daily living.
4. How does the 1970 build year affect the property?
While older than many homes on the street, it is around the city-wide average. An older build means potential maintenance considerations for core systems (roof, wiring, plumbing), but it also comes with a character and lot size rarely found in newer subdivisions.
5. What is the neighbourhood like?
Located in Kil-Cona Park, the area offers a more suburban, spacious feel compared to denser city neighbourhoods. The large lot sizes on Knowles Avenue contribute to a private, quiet atmosphere while still providing access to city amenities.