48 Knappen Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,577 sqft home built in 1903, located on Knappen Avenue in Winnipeg’s Wolseley neighbourhood. It sits on a 2,550 sqft lot and has an assessed value of $330,000.
The property’s main strength is its living space. It ranks in the top 10% on its street for size and is above average citywide, meaning you get more interior room than many comparable homes. The assessed value is slightly above the street average but sits below the neighbourhood and city medians—suggesting the price reflects the home’s condition or age rather than inflated market hype.
The lot is smaller than average, which is common for older Wolseley homes. Build year (1903) is very old, even by neighbourhood standards, which means buyers should expect the maintenance and quirks of a century-old house.
Who it would suit: Someone who values interior space and character over a large yard or modern finishes. Good for a buyer comfortable with an older home’s upkeep—or someone looking to renovate and build equity in a well-located, walkable neighbourhood. Less suited for anyone needing a big lot or a move-in-ready newer build.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
It’s above the street average ($263,900) but below the neighbourhood average ($371,300) and citywide average ($390,100). That puts it at a middle point—not overpriced against the immediate street, but cheaper than the broader area typical.
2. Is the lot size a major drawback?
At 2,550 sqft, it’s smaller than the street, neighbourhood, and city averages. This is fairly standard for Wolseley, where older homes were built on compact lots. If you want a big garden or space for additions, this might feel tight. But it keeps the property more affordable than larger-lot homes in the area.
3. What should I know about a house built in 1903?
You’re looking at one of the older homes in the city (top 1% oldest citywide). Expect original materials like knob-and-tube wiring or plaster walls unless updated. Systems may need regular attention. A thorough inspection focused on foundation, roof, and electrical is wise. The upside is solid construction and character details you won’t find in newer builds.
4. How does this property rank for its price point?
Citywide, the assessed value ranks in the top 61%—meaning it’s slightly below median for Winnipeg. Given the above-average living area (top 27% citywide), you’re getting more square footage per dollar than many homes. The trade-off is age and lot size.
5. Is Wolseley a good area for this type of property?
Yes, if you value walkability, mature trees, and an older housing stock. Wolseley is known for its character homes and proximity to the river and shops. This particular property’s living area is around average for the neighbourhood, so it fits in—not oversized, not cramped. The assessed value is slightly low for the area, which may reflect deferred updates rather than a poor location.