Property score
74.2
Good
Overall 74.2 · Larger but older than most nearby homes
1,586 sqft (top 27%) · Built in 1956 (20 yrs older than avg)
Located in a high-income area with median household income of ~93k
Transit 64.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, and 3 parks nearby
Living Area
Above average
13% larger than neighborhood avg.
Year Built
Below average
20 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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74.2 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
240 Knowles Avenue — 4 amenities found within 500 m, across 2 categories, including 1 dining (nearest 351 m), 3 parks (nearest 229 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 45% | Top 45% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 240 Knowles Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and potential. Its primary strength lies in the land: with a lot size of over 21,800 sq ft, it ranks in the top 1% both in the River East neighborhood and citywide. This offers exceptional outdoor space, rare for an urban property. The living area (1,586 sq ft) and assessed value ($482k) are consistently above average for the street, area, and city, indicating a solid, well-sized home in a stable market context.
Built in 1956, the house is older than most on its street. This suggests a buyer should be prepared for potential updates but also recognizes the character and established landscaping that often come with a mature property. The appeal here is grounded in substance over flash—it’s a property for those who prioritize generous lot size and interior space within a established community. It would suit a buyer looking for a long-term family home with room to grow, garden, or entertain, and who sees the older vintage as a canvas for personalized updates rather than a drawback. The strong assessed value relative to area averages indicates a sound investment in a desirable location.
Frequently Asked Questions
1. How does the lot size compare to a typical city lot?
The property’s lot of 21,810 sq ft is exceptionally large. It is more than three times the average lot size in the River East neighborhood (~7,084 sq ft) and citywide (~6,570 sq ft).
2. The home was built in 1956. Is that a concern?
It is an older home than most on the street, where the average build year is 1976. This typically means systems like plumbing, electrical, and the roof may need evaluation or updating, but it also often comes with mature trees and established neighborhoods.
3. Is the assessed value a good indicator of the selling price?
The assessed value ($482k) is for municipal tax purposes and is a useful benchmark. It ranks in the top 25% on its street and top 15% in River East, suggesting the property is considered high-value for the area. Market conditions, property condition, and buyer demand will ultimately determine the sale price.
4. What does the previous sold price tell us?
Records show it sold between $350k-$400k in July 2017. Given the increase in assessed value since then and market trends, this historical figure highlights the property’s appreciation potential but should not be used alone to predict a current price.
5. How can I get the exact historical sold prices?
The website does not display exact MLS sold figures due to industry rules. You can request the exact sold price history by emailing the site directly; they will provide a manual lookup.
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