Property Overview: 253 Knowles Avenue, Winnipeg

Key Characteristics & Appeal

This 1,687 sqft home on Knowles Avenue in River East presents a practical and above-average living space in a well-established neighborhood. Built in 1985, it is notably newer than most homes on its street and in the wider area, which often translates to modern building standards and potentially fewer major upkeep demands in the near term. Its living area consistently ranks in the top 20-25% when compared to similar homes on its street, in River East, and across Winnipeg, offering more room than the typical benchmark.

The home’s assessed value of approximately $403k sits around the average for the area, suggesting it is priced in line with market expectations. A notable point for consideration is the lot size. At just over 6,100 sqft, the property offers a smaller, more manageable yard compared to the unusually large average lot on Knowles Avenue itself, but it is still on par with or slightly above the citywide average. This creates a distinct dynamic: you get a newer, spacious house on a lot that requires less maintenance, which could be a significant advantage for those not seeking extensive outdoor space.

This property would suit buyers looking for a move-in-ready home with generous interior space in a mature neighborhood, without the burden of a very large yard. It’s particularly appealing for those who value a home built more recently than its neighbors, potentially offering peace of mind regarding the age of core components like roofing, windows, and mechanical systems.

Frequently Asked Questions

1. How does the lot size impact the property's value and use?
While the land area is smaller than the street's average (which is skewed by very large lots), it is typical for Winnipeg and River East. This means a more manageable yard for gardening or play, with less time and cost required for maintenance, which many modern buyers prefer.

2. The home sold recently in late 2022. What does that indicate?
The sale within the last few years suggests the current condition and major systems are likely still reflective of a relatively recent transaction. It can provide a clear, modern price benchmark, but it also means the potential for a quick resale may be influenced by the seller's need to recoup likely higher purchase costs from that period.

3. The assessed value is around average, but the living space is above average. What's the takeaway?
This combination often indicates a fair value proposition. You are getting more interior square footage for a price that aligns with the area's norm, which can be an efficient use of your budget. It suggests the value is in the livable space rather than in land premium or luxury finishes.

4. What are the implications of the home being newer than most in the area?
A 1985 build date is a significant advantage. It typically means updated electrical wiring (like aluminum to copper), more modern insulation standards, and plumbing systems less prone to issues common in mid-century homes. This can reduce immediate renovation needs and utility costs.

5. Where can I find verified, exact sold price data for this home?
The provided sold price is an estimate based on public data. Due to industry regulations, exact MLS sale figures are not published here. You can request the precise transaction history and sold price by emailing the site directly for a manual lookup, which they provide as a free service.