Property score
54.8
Fair
Overall 54.8 · Smaller and older than most nearby homes
884 sqft (bottom 8%) · Built in 1955 (21 yrs older than avg)
Located in a high-income area with median household income of ~93k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, and 2 parks nearby
Living Area
Below average
37% smaller than neighborhood avg.
Year Built
Below average
21 yrs older than neighborhood avg.
Mother tongue
English · 79%French · 1%
Past 10 years River East sales snapshot (~80% of all data)
826
425k
$395/sqft
1976
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54.8 is composed by the two sections below.
Property Score
Community Score
River East
How to read: Share of sales in each ~$50k price band for “river east” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110767
$93K
Median household income
$99K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
28%
Single-person households
20%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
231 Knowles Avenue — 3 amenities found within 500 m, across 2 categories, including 1 dining (nearest 376 m), 2 parks (nearest 344 m).
River East · WPS public data · 2026
Annual incidents
17
2026
vs. city avg
-42%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
71%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 20% | Bottom 34% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 231 Knowles Avenue, Winnipeg
Key Characteristics & Appeal
This 884 sqft bungalow, built in 1955, presents a distinct value proposition in Winnipeg’s River East neighborhood. Its key appeal lies in its significant price advantage. With an assessed value of $312k, it sits well below the local street average ($433k) and neighborhood average ($401k), offering a more accessible entry point into the area. The lot size (6,108 sqft) is a notable asset, being above the city-wide average and providing ample outdoor space uncommon for the price point.
The home’s primary trade-off is its compact living area, which is smaller than most comparable properties on its street and in River East. This positions it not as a move-in-ready dream home, but as a strategic opportunity. It would best suit a first-time buyer prioritizing lot size and location over immediate square footage, an investor looking for a property with renovation and expansion potential, or a downsizer seeking a manageable home with a generous yard. Its value is rooted in its land and location, with the house itself representing a canvas for future updates or a practical, low-maintenance footprint.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the street?
The assessed value reflects the property’s smaller living area and older construction date relative to its neighbors. The valuation is primarily driven by the land value and the existing structure’s current condition and size, not the potential after renovation.
2. Is the smaller living area a major drawback?
It depends on your needs. For some, it’s a limitation. For others, it means lower utility costs, less maintenance, and a clear opportunity to thoughtfully expand or renovate over time, potentially increasing the home’s value significantly.
3. How reliable is the sold price data shown?
The displayed sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site, as industry rules prevent the display of MLS records here.
4. The lot is above the city average in size. What does that mean for me?
A larger lot in an established neighborhood offers rare potential. It provides extra privacy, space for gardens, recreation, or future additions like a garage, deck, or even a suite (subject to zoning and permits).
5. Given its age, what should I be most concerned about?
A home built in 1955 will require a thorough inspection. Key focus areas should include the foundation, roof, plumbing, electrical systems, and insulation to understand any needed updates and to budget accordingly for maintenance or modernization.
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