Property Overview: 281 Knowles Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of space, location, and value in Winnipeg’s River East neighborhood. Its primary appeal lies in its generous 2,042 sqft living area, which ranks in the top 10% both locally and city-wide, offering significantly more interior space than typical area homes. Built in 1956, it is an older property on its street, which may appeal to buyers interested in classic character or renovation projects. The lot size is a notable asset, above average for the neighborhood and city, providing ample outdoor space.
The property’s assessed value is consistently around or above area averages, suggesting stable market recognition. Its recent sale history indicates strong value appreciation. This home would best suit buyers prioritizing interior square footage and yard size over a newer build, and who are looking for a established, well-sized home in a mature neighborhood without a premium price tag. It’s a practical choice for growing families or those seeking room to grow, offering more house and land for the dollar compared to many newer constructions in the city.
Section 2: Frequently Asked Questions
1. How does the home’s age affect its value and appeal?
While older than most on its street, the 1956 build date is near the citywide average. This can mean classic construction quality and mature landscaping, but buyers should budget for potential updates to systems like plumbing, electrical, or windows that align with modern standards.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $437k is a municipal tax valuation. The home last sold between $450k-$500k in 2024, which is a more current market indicator. Always rely on a comparative market analysis from a real estate professional for pricing.
3. The lot size is noted as "around average" for the street but "above average" for the area. Why the difference?
The data shows the average lot on Knowles Avenue is unusually large (over 18,000 sqft). At 7,875 sqft, this property’s lot is smaller than that street average but is still larger than most lots in the broader River East neighborhood and Winnipeg overall, making it a relative asset in the community context.
4. What does the sold price ranking tell me?
The home’s 2024 sale price ranked in the top 21% on its street, top 12% in River East, and top 17% city-wide. This indicates it sold for a price point higher than a majority of comparable homes, reflecting strong market demand for its specific attributes at that time.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges for transparency. Due to industry rules, exact MLS sold figures cannot be displayed publicly. You can request the exact sold price history via email through the site’s provided form for manual lookup.