Property Overview
This one-storey home at 2531 Knowles Avenue in Kil-Cona Park presents a practical opportunity in Winnipeg’s housing market. Built in 1991, it is notably newer than many homes in the city and on its own street. The 1,097 sqft living area is compact, sitting below the average for the local area, but it features a renovated basement and an attached garage. The property stands out for its very large 11,433 sqft lot, which ranks within the top 4% citywide, offering significant outdoor space that is rare for Winnipeg. Its assessed value is modest compared to the city average, and it last sold in late 2021.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of a modern build date and an exceptionally generous lot size. While the house itself is modest in scale, the vast yard provides immense potential for gardening, expansion, or simply enjoying private outdoor space—a feature increasingly hard to find. The renovated basement adds functional living area. Its assessed value suggests it may be an accessible entry point into the market, particularly for buyers who prioritize land over a large interior footprint.
This home would suit first-time buyers or downsizers looking for a manageable, single-level layout without sacrificing outdoor privacy. It’s also a compelling option for value-oriented buyers or long-term holders who see the underlying land as a key asset, with the understanding that the interior may require personal updates over time.
Frequently Asked Questions
1. How does the lot size compare to typical city lots?
The lot is exceptionally large for Winnipeg, ranking in the top 4% citywide. At over 11,400 sqft, it is significantly bigger than the city average lot of about 6,570 sqft.
2. Is the home considered newer for the area?
Yes. Built in 1991, it is newer than most homes on Knowles Avenue, in the Kil-Cona Park area, and across Winnipeg overall.
3. What is the living space like compared to neighbours?
At 1,097 sqft, the living area is below the average for both Knowles Avenue and the broader Kil-Cona Park neighbourhood, indicating a more compact floor plan.
4. Why is there a range for the last sold price?
The sold price range is based on public data. The exact sale price from December 2021 is available upon direct request from the site, which provides the precise figure manually.
5. What does the assessed value tell us?
The assessed value of $45,200 is around average for the street and neighbourhood but is considered above average when compared to the entire city, indicating relative value within Winnipeg.