Property Overview: 395 Knowles Avenue, River East, Winnipeg
Key Characteristics & Appeal
This 910 sqft bungalow, built in 1961, presents a straightforward opportunity in Winnipeg's River East neighborhood. Its primary appeal lies in its efficient scale and a land area (7,158 sqft) that is notably above average for both the neighborhood and the city. This combination suggests a manageable home with valuable outdoor space relative to many other properties.
The home’s assessed value of $331k sits below the averages for its specific street and neighborhood, but aligns more closely with the citywide benchmark. This indicates a potentially more accessible entry point into the area. The property would suit first-time buyers or downsizers seeking a lower-maintenance footprint without sacrificing yard space. It also appeals to value-oriented buyers who prioritize lot size over a larger living area and are comfortable with a home that may benefit from updates, given its older vintage compared to many neighbors.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 910 sqft, the living area is below the average for the street, neighborhood, and city. This points to a compact, efficient layout.
2. Is the assessed value a good indicator of the listing or sale price?
An assessed value is used for municipal tax purposes and is not a market appraisal. While it provides a benchmark, the sale price will be determined by current market conditions, the home’s condition, and buyer demand.
3. What does the land area ranking mean for me?
The lot is approximately 7,158 sqft, which ranks above average for River East and citywide. This is a standout feature, offering more private outdoor space than many comparable properties.
4. The home was last sold in early 2017. How can I find out the exact sale price?
The site provides a sold price range from that transaction. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. The home is older than many on the street. What should I consider?
Built in 1961, it is older than the street average (1976). Prospective buyers should pay particular attention to the condition and age of major systems like roofing, plumbing, electrical, and the foundation during an inspection.