40 Knappen Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,206 sqft home on a 2,548 sqft lot, built in 1905 and assessed at $270,000. Its main appeal lies in its street-level positioning. On Knappen Avenue, it ranks among the top homes for living area (top 43%) and is above average for its age (top 13% on the street). The assessed value sits right around the street average.
The trade-off is that, relative to the broader Wolseley neighborhood and Winnipeg as a whole, the property falls below average in nearly every metric. The lot is notably small, even by local standards. This home would suit a buyer who prioritizes value and character over space—someone comfortable with an older home (1905 construction requires upkeep) and a compact yard. It’s less suited for anyone looking for a large lot or a move-in-ready property that competes with newer builds. The data suggests this is a modest entry point into a desirable older neighborhood, not a premium asset.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
On its own street, the living area is slightly above average. But compared to the rest of Wolseley, it's on the smaller side, and the lot is notably smaller than most homes in the area.
2. Why is the assessed value below the neighborhood average?
The value reflects the smaller living area and lot size relative to Wolseley norms. Being an older home (1905) also contributes, as newer or renovated homes in the area tend to assess higher.
3. Is a 1905 home a risky purchase?
It depends on maintenance history. The home is older than most in the city, which can mean solid construction but also systems (plumbing, electrical, foundation) that may need updating. A thorough inspection is essential.
4. How does the lot size affect usability?
At 2,548 sqft, the lot is smaller than most in Wolseley and well below the city average. This limits outdoor space for gardens, additions, or detached structures. It’s a trade-off for being on a less expensive street in the neighborhood.
5. What kind of buyer is this property best for?
Someone who values location and character over square footage and lot size. First-time buyers or those looking for a project home in a central Winnipeg neighborhood may find it a practical entry point—provided they’re prepared for the realities of a century-old house.