Property Overview: 235 Knowles Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, mid-century home in Winnipeg's River East neighborhood, built in 1959. With 988 square feet of living space, it is notably smaller than most homes on its own street and in the broader area, positioning it as a more affordable entry point. Its assessed value of $364,000 sits comfortably around the neighborhood and city averages, suggesting a fair valuation within the market. The lot size of 5,707 sqft is typical for the city but is significantly smaller than the large lots found elsewhere on Knowles Avenue.
The primary appeal lies in its value proposition. It sold for an estimated $450,000-$500,000 in late 2024, a price that performed well against local benchmarks. This indicates a home that, while not the largest or newest, meets a practical demand. It would suit first-time buyers, downsizers, or investors seeking a manageable property in an established neighborhood without a premium price tag. A thoughtful perspective is that its smaller scale can mean lower utility costs, less maintenance, and a cozier footprint—appealing to those prioritizing efficiency over sheer space. Its age also presents a clear opportunity; buyers with a vision for modernization can add value through thoughtful updates.
Frequently Asked Questions
1. How does the home's size compare to others?
At 988 sqft, the living area is below average for the street, neighborhood, and city. This is a compact home, which is reflected in its pricing and likely appeals to those seeking a more manageable property.
2. Is the assessed value a good indicator of the market price?
The assessed value is $364,000, which is around the Winnipeg average. However, the home sold for an estimated $450,000-$500,000 in 2024, demonstrating that market value can significantly exceed the municipal assessment, especially in a active market.
3. What should I consider about the year it was built (1959)?
Built in 1959, it is older than most homes on the street. This typically means potential for character but also warrants a thorough inspection for aging components like plumbing, electrical, and the roof, which may need updating or maintenance.
4. The lot seems small for the street. Is that a concern?
Yes, the lot is significantly smaller than the street average. This means less outdoor maintenance but also less private yard space. For the right buyer, this is a trade-off for a lower price point in the area.
5. How can I find out the exact sold price?
The site provides sold price ranges for general research. To obtain the exact, verified sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.