Property Summary: 451 Knowles Avenue, Winnipeg
Key Characteristics & Appeal
This 1976 home in River East presents a solid, middle-of-the-road offering with one standout feature: its lot size. The 1,166 sqft living area and the $386k assessed value are consistently average when compared to the street, neighborhood, and city. This indicates a home that is typical for the area, not over-improved or under-sized relative to its market.
The primary appeal lies in the land. The 8,293 sqft lot ranks in the top 19% for River East and the top 10% city-wide, offering significantly more outdoor space than most comparable properties. This creates immediate value for those seeking room for gardens, play areas, or future expansions like a shed or deck, which is a notable advantage in a mature neighborhood.
This property would suit pragmatic buyers looking for a stable entry into the Winnipeg market—particularly first-time homeowners, small families, or downsizers who value a larger yard over a larger house. It’s a home for someone comfortable with a property that is unexceptional in its specs but offers the tangible benefit of space and established community character, without the premium of a fully renovated or custom-built home.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $386k is a municipal tax valuation. While it provides a benchmark, the final sale price is determined by the current market. The home last sold between $350k-$400k in 2017, and its assessed value is slightly above the city-wide average for similar homes.
2. Is the house smaller than others on the street?
At 1,166 sqft, it is somewhat smaller than the street average of 1,384 sqft, ranking in the top 70%. This suggests a comfortable, manageable size that may appeal to those seeking efficiency without being the smallest home on the block.
3. What does the lot size ranking actually mean for me?
Ranking in the top 10% city-wide for lot size means you are getting more land than the vast majority of similar Winnipeg homes. This is a key asset, offering greater privacy, landscaping potential, and future flexibility than a standard lot.
4. The home was built in 1976. What should I consider?
This is the average build year for the street and neighborhood. Buyers should budget for updates consistent with a home of this age, such as windows, roofing, or mechanical systems, while also appreciating the established nature of the structure and mature trees.
5. How can I find out the exact past sale prices?
The public data shows a sold price range. For fully verified transaction history and exact figures, you must request a manual lookup from the site provider, as this information is not sourced from the MLS and is not displayed directly on the page.