Key Characteristics & Buyer Profile
This is a 1901-built home with 800 sq ft of living space on a 2,553 sq ft lot, located on Knappen Avenue in Winnipeg’s Wolseley neighbourhood. Its appeal is not in size or modernity, but in entry-level affordability within an established, character-rich area. The property ranks well below average for living space and land area at every level—street, community, and city—so it’s clearly one of the smaller, older homes in its surroundings. The assessed value ($225,000) is also below average locally, though close to the median on its own street. This makes it a practical option for first-time buyers, small households, or investors looking for a lower-cost footprint in a walkable inner-city neighbourhood. The trade-off is clear: you get less square footage and an older structure in exchange for a price point that’s hard to match in a community like Wolseley.
Five Possible FAQs
1. How does this home’s size compare to others in Wolseley?
It’s significantly smaller than the average. The living area is roughly 30% less than the community average of 1,622 sq ft, and the lot is about 25% smaller. On its own street, it’s also on the lower end, ranking 27th out of 30 homes by living space.
2. Is the assessed value of $225,000 aligned with the market?
It’s below the Wolseley average of $371,000 and well below the city average of $390,000, but close to the street average of $264,000. For a smaller, older home, this figure likely reflects the property’s physical attributes rather than a bargain relative to condition or upgrades, which aren’t detailed here.
3. What does the 1901 build year mean practically?
Being among the oldest on its street (24th out of 30) and in the oldest 1% citywide, this suggests original construction features, potential for outdated systems, and possibly heritage considerations. Buyers should plan for maintenance or renovation costs typical of a century-plus home.
4. Why is the land area important if I’m buying the house?
In a compact neighbourhood like Wolseley, lot size often dictates expansion options, yard space, or parking. At 2,553 sq ft, this lot is notably smaller than the community norm—meaning limited outdoor room and less flexibility for additions, unless zoning permits variance.
5. How does this property compare to others on Knappen Avenue specifically?
It’s smaller, older, and priced slightly below the street median for assessed value. That puts it at the lower end of the spectrum for that block, which could mean fewer bidding wars but also less resale upside unless the interior is in above-average condition.