Property Overview: 247 Knowles Avenue, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents as a solid, middle-of-the-road property in Winnipeg's River East neighborhood. Built in 1976, its 1,279 sqft living space and $423k assessed value are consistently "around average" when compared to similar homes on its street, in the area, and across the city. This statistical consistency suggests a predictable and stable investment, free from the extremes of being notably overbuilt or undervalued for its market.
The primary appeal lies in its balance and location. The lot size, at 6,102 sqft, is a standout feature—it's above the Winnipeg average, yet smaller than the unusually large average lot on Knowles Avenue itself. This offers a manageable yard with less maintenance than some neighbors, while still providing good outdoor space. The home last sold between $350k-$400k in 2017, positioning it as a potentially accessible entry point into a well-established neighborhood.
This property would best suit practical buyers seeking a straightforward home in a mature community. It’s ideal for first-time homeowners or downsizers who value neighborhood stability over a brand-new build, and for those who appreciate a yard but don’t want the upkeep of an extra-large lot. It’s a choice for substance over flash.
Section 2: Frequently Asked Questions
1. Is this house a good value compared to its neighbors?
The data suggests it's very typical. Its assessed value, size, and age all rank near the middle of the pack for Knowles Avenue and River East. You're not overpaying for premium features, nor are you finding a hidden bargain—it’s priced for its market position.
2. The lot seems smaller than others on the street. Is that a concern?
While the lot is smaller than the street's average (which is skewed by some very large properties), it is still above the city and neighborhood averages. This likely means a more manageable yard with lower maintenance costs, which can be a benefit for many buyers.
3. What can the 2017 sale price tell me?
The prior sale in the $350k-$400k range provides a historical benchmark. The current assessed value of $423k reflects market appreciation over seven years. For exact sale figures, a manual lookup through the site is required due to data display regulations.
4. How does the living space feel for a family?
At 1,279 sqft, it is slightly below the area average but close to the city average. It would comfortably suit a small to medium-sized family, but those needing extensive room for growth or dedicated home offices may find it compact.
5. Are the systems and structure likely to need updating?
Built in 1976, the home is approaching 50 years old. While this is typical for the area, prospective buyers should budget for and investigate the age and condition of major components like the roof, windows, furnace, and plumbing, which may be nearing the end of their service life.