Property Overview: 212 Knowles Avenue, Winnipeg
Key Characteristics & Appeal
This 1959 bungalow at 212 Knowles Avenue presents a distinct profile defined by a significant contrast between its modest home and its expansive land. The living space is 800 square feet, which is notably smaller than most homes on the street, in the River East neighborhood, and across Winnipeg. Similarly, its assessed value of $336,000 is below the local street and neighborhood averages. The home itself appeals to buyers looking for a straightforward, lower-maintenance footprint or a renovation project without the scale of a large house.
The property’s standout and rare feature is its lot. At over 21,700 square feet, the land area is not only above average for Knowles Avenue but places in the top 1% for both the neighborhood and the entire city. This creates a compelling opportunity for buyers who prioritize outdoor space, privacy, and future potential over immediate square footage. The appeal lies in this unique balance: a manageable, affordable home on a truly exceptional piece of land. It would suit first-time buyers, downsizers, or investors seeking a property with inherent value in its land, whether for gardening, recreation, or long-term redevelopment.
Frequently Asked Questions
1. Why is the assessed value below average if the lot is so large?
Assessment considers both the building and the land. The home's smaller size and age likely keep the overall value lower, despite the premium lot. This can represent an entry point into a neighborhood where value is often land-driven.
2. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than 99% of comparable residential properties in both the River East neighborhood and the city of Winnipeg. It is a genuinely rare find in an urban setting.
3. Is this a good candidate for a major expansion or rebuild?
The lot size certainly provides the space for an addition or future redevelopment, subject to zoning bylaws and permits. The existing smaller structure could make a tear-down and rebuild more feasible than on a standard lot.
4. How reliable is the sold price history shown?
The listing notes no sales history is displayed automatically. The site uses publicly available data, not MLS records, and recommends contacting them directly for manually verified, exact sales figures.
5. The home is older than most on the street. What should I consider?
Built in 1959, it is older than the area average. A thorough inspection is essential to understand the condition of major systems (roof, plumbing, electrical, foundation) and to budget for any updates or maintenance typical of a home of this age.