Property Overview: 2296 Knowles Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kil-Cona Park is defined by a compelling contrast between its modest house and its exceptional lot. The 1,151 sqft living space is functional and includes a renovated basement, but it ranks below average for both the street and neighborhood in size. The home’s standout feature is its land: a 24,999 sqft lot that places it in the top 17% on Knowles Avenue and an elite top 1% city-wide for property size. This creates significant potential for privacy, gardening, expansion, or future development, subject to zoning.
Built in 1972, the house itself is a practical, no-fuss layout suited for efficient living or as a solid foundation to personalize. It includes an attached garage and a pool, adding recreational value right at home. Recent sales data suggests stable value in the area.
This property would best suit a buyer whose priority is land over square footage. It’s ideal for someone seeking a manageable home with tremendous outdoor space for family activities, gardening, or pets. It also presents a clear opportunity for a long-term investor or homeowner who envisions future renovations, an addition, or simply values the rarity of a large urban lot more than a large interior.
Section 2: Frequently Asked Questions
1. Is the large lot size typical for the area?
While the lot is above average for Knowles Avenue, it’s actually around the middle range for the wider Kil-Cona Park neighborhood. Its true distinction is city-wide, where it is among the largest 1% of residential lots, making it a rare find in Winnipeg.
2. How does the home’s assessed value compare to recent sale prices?
The current assessed value is $43,600. The home last sold in July 2023 for an estimated $41,500-$44,500, indicating the assessment is closely aligned with very recent market activity.
3. The living area is noted as below average. How noticeable is this?
At 1,151 sqft, the home is about 230 sqft smaller than the average on its street. This suggests efficient use of space rather than sprawling rooms. The renovated basement and large lot effectively expand the usable living and recreational area beyond the main floor square footage.
4. What is the significance of the “Elite” land ranking?
This statistical ranking means that over 99% of residential properties in Winnipeg sit on a smaller lot. This isn’t just a big yard; it’s a scale of outdoor space that is increasingly uncommon in the city, offering unparalleled potential and privacy.
5. What type of ongoing maintenance should be anticipated?
As a home built in the early 1970s, buyers should budget for and inspect age-related components. Key systems like the roof, plumbing, electrical, and the pool equipment are likely at stages where updates or significant repairs may be needed, despite the renovated basement. The large lot also requires consideration for landscaping upkeep.