Property Overview: 355 Knowles Avenue, River East, Winnipeg
This 1983-built home in River East presents a practical and straightforward opportunity. With 1,266 sqft of living space, it sits comfortably around the average for the neighborhood and city, offering a manageable size for everyday living. Its assessed value of $426k is moderately above the Winnipeg average but aligns with the street and area, suggesting a stable investment in a established community. A key point of consideration is the lot size of 5,900 sqft, which is notably smaller than others on Knowles Avenue, but is typical when compared to the broader neighborhood and city. This creates a lower-maintenance yard while still providing private outdoor space.
The appeal here is grounded in its balance and predictability. It’s a home that doesn’t stand out for extreme size or value, but rather for being a solid, representative example of its area. It would suit first-time buyers or downsizers looking for a move-in ready property without the premium of a newer build or a massive lot, and who prioritize a stable, long-established neighborhood over a sprawling property.
Frequently Asked Questions
How does this home’s value compare to recent sales on the street?
It last sold between $350k-$400k in August 2020. With a current assessed value of $426k, this indicates appreciation that is generally consistent with market trends. For exact historical sale prices, a manual lookup can be requested from the site.
Is the smaller lot a disadvantage?
It depends on your priorities. While the lot is smaller than the street average, it is on par with the neighborhood and city. This typically means less time and cost spent on yard maintenance, which can be a benefit for those seeking a simpler outdoor space.
What does the "Above Average" year built ranking mean?
Built in 1983, this home is newer than most on its street and in River East. This can suggest potentially fewer concerns with aging infrastructure (like plumbing or electrical) found in much older homes, while still being part of a mature, settled community.
Are the property taxes likely to be high?
The assessed value is a key municipal input for calculating taxes. At $426k, it is above the citywide average but aligned with the local area. You can expect property taxes to be roughly in line with other similar homes in River East.
How does the living space feel for a family?
At 1,266 sqft, the living area is very close to the Winnipeg average. It typically accommodates a small to medium-sized family adequately. It’s advisable to view the layout in person, as the functionality of the space can matter more than the square footage alone.