732 Knox Street

Property Overview: 732 Knox Street, Winnipeg

Key Characteristics & Appeal

This well-situated one-storey home in Crestview offers a practical and grounded opportunity. Its primary appeal lies in its balance of a generous, above-average city lot size (over 6,000 sqft) with a modest, renovated basement, presenting a solid foundation for both living and potential future projects. The home itself, built in 1960, is smaller and older than many on its street, which suggests it may be a candidate for updates, but this also positions it as a more accessible entry point into the neighborhood. The detached garage adds functional storage or workshop space.

Its value is squarely in its land and location. The lot is larger than most in Crestview and across Winnipeg, offering valuable outdoor space that is increasingly rare. This property would suit a first-time buyer or practical homeowner who prioritizes yard space over a large interior footprint and is comfortable with a home that has good bones but may benefit from personalization. It’s also a sensible option for those looking for a single-level layout, possibly downsizers, who value the convenience of a renovated basement for extra living space without the need for a full two-storey home.

Frequently Asked Questions

1. Is the house in need of major updates?
The home is older than most on the block (built 1960), and its living area is below the street average. While the basement is renovated, the main floor may require modernization to align with newer standards, which is reflected in its accessible price point.

2. How does the lot size compare to others?
The land area is a standout feature. At over 6,000 sqft, it is larger than the average lot in both the Crestview area and across Winnipeg, offering significant outdoor potential.

3. What is the neighborhood like?
Crestview is a mature, established neighborhood. The property rankings show home values and sizes here are generally consistent and around the city average, indicating a stable, family-oriented community.

4. Why is the assessed value different from the last sale price?
The home last sold in late 2019 for $26,600. The current assessed value is higher, which may reflect market changes, the basement renovation, or municipal assessment practices. It’s a good starting point for discussion with a real estate professional to determine current market value.

5. Who would this home not suit?
Buyers seeking a move-in-ready home with modern, spacious interiors or those who prefer a low-maintenance property with a smaller yard may find this home less aligned with their needs. Its appeal is geared toward those who see value in the land and are willing to invest sweat equity or gradual updates.