Property Overview
This well-situated bungalow at 748 Knox Street in Winnipeg's Crestview neighborhood offers a practical and comfortable living space. With 1,121 sqft of living area, a renovated basement, and a detached garage, it sits on a generous 6,042 sqft lot. Built in 1961, the home presents a solid opportunity in a mature, established area.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space, location, and value. Its living area is above average for Knox Street itself, suggesting a home that stands well among its immediate neighbors. The renovated basement adds valuable finished space and modern convenience. The lot size is a significant asset, offering ample outdoor space for gardening, recreation, or future expansion—a feature that becomes more premium when viewed city-wide.
This home would suit first-time buyers seeking a move-in-ready bungalow with low-maintenance living, or downsizers looking for a manageable single-level layout without sacrificing yard space. Its assessed value positions it favorably on its street, indicating a perceived solid value within its micro-market. The appeal is grounded in practicality: it’s a home that offers room to breathe without the premium price tag of a newer subdivision, ideal for those who value established communities and larger lots over brand-new construction.
Frequently Asked Questions
1. How does the home’s value compare to the area?
The home’s assessed value is in the top 15% on Knox Street itself, meaning it is valued higher than most direct neighbors. In the broader Crestview area and city-wide, its value is around the average, suggesting it is priced consistently with the wider market.
2. Is the lot size a notable feature?
Yes. While around average for the street and Crestview, the lot size of over 6,000 sqft ranks above average compared to the entire city, making it a relatively spacious property in the Winnipeg context.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope (e.g., finishes, legal suite potential, moisture control) should be verified through a viewing and inspection. It adds immediate functional living space.
4. The home was last sold in late 2022. What does this mean?
The sale in November 2022 provides a recent market price benchmark. This can be a useful data point for understanding current value, though market conditions may have shifted since. It may indicate a well-maintained property that appealed to a recent buyer.
5. How does the age of the home (1961) factor in?
The home is older than many in the Crestview area, which generally has newer builds. This is typical for a bungalow and suggests potential for original components, like windows or roofing, to have been updated. A thorough inspection is advised to understand the condition of major systems.