Property Overview: 2315 Knowles Avenue, Kil-Cona Park, Winnipeg
Key Characteristics & Appeal
This 1971-built, one-storey home presents a distinct value proposition centered on its exceptional land size. With a living area of 1,040 sq ft, the house itself is modest and below the average size for both the street and neighborhood. However, it sits on a remarkably large lot of approximately 62,910 sq ft (about 1.44 acres), which ranks in the top 1% citywide. This creates a unique dynamic: you are acquiring a property with a smaller, efficiently sized home on a parcel of land that offers rare potential and privacy for the area. The detached garage and renovated basement add functional living and storage space.
The primary appeal lies in this land-to-structure ratio. It suits a specific buyer: someone who values ample outdoor space for gardening, recreation, or future expansion more than a large interior footprint. It’s an ideal fit for downsizers seeking a manageable home without sacrificing yard space, hobbyists, or buyers with a long-term vision who see the underlying value in the land itself. While the home is functional, the property’s standout characteristic is the opportunity it represents—owning a sizable piece of Winnipeg within city limits.
Frequently Asked Questions
1. Is the large lot size typical for Kil-Cona Park?
While the neighborhood has larger-than-average lots, this property's lot is significantly above average even for the area, ranking in the top 28% locally and the top 1% across the entire city.
2. How does the home's assessed value compare to its last sale price?
The current assessed value is $45,300. The home sold in September 2020 for an estimated range of $37,500 to $40,500, indicating assessed value has risen modestly since that transaction.
3. What is the condition of the home given its age?
The home is 55 years old, which is around the citywide average. The listing specifically notes the basement has been renovated, suggesting some updates have been made, but a thorough inspection would be advised for the main structure and systems.
4. Could the property be subdivided or developed?
This is a key question given the lot size. Any subdivision or development would be subject to the City of Winnipeg’s zoning bylaws, permitting, and approval processes. A buyer should consult directly with the city’s planning department to understand the specific possibilities and restrictions.
5. Why is the living area considered below average?
At 1,040 sq ft, the home's living space is smaller than most comparable homes on Knowles Avenue (avg. ~1,384 sq ft) and in Kil-Cona Park (avg. ~1,560 sq ft). This emphasizes the property’s focus on land over interior square footage.