281 Knowles Avenue

River East, Winnipeg

Property score

78.9

Good

Overall 78.9 · Larger but older than most nearby homes

2,042 sqft (top 10%) · Built in 1956 (20 yrs older than avg)

Located in a high-income area with median household income of ~93k

Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby

Living Area

Above average

46% 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)

Sold Count

826

Median price

425k

$/sqft

$395/sqft

Avg build year

1976

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Property score

78.9 is composed by the two sections below.

Property Score

80.3Excellent
Living Area2,042 sqft94Excellent
Year Built195643Low
Lot Size7,875 sqft91Excellent
Neighbourhood Sales Activity32Low

Community Score

76.7Good
Household Income82Excellent
Education Level72Good
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health42Low

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110767

Community deep dive

$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

Population, labour & age

Population (2021)556
Labour force participation rate48%
Median age52.4
Avg household size2.2
Unemployment rate9%
Population density1737 / km²

Households & income

Low income (LIM-AT, % pop.)7%
Single-person households28%
Couple families with children20%
Median household income (2020)$93K

Housing

Renter households8%
Condominium dwellings20%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)12%
Visible minority6%
Bachelor's or higher (25–64)35%
Mother tongue (1st)English · 78%
Mother tongue (2nd)French · 0%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
2,042 sqft
0255075100
Same streetTop 6%Same areaTop 10%CitywideTop 10%
Same street · Knowles Avenue
#19 / 322
Top 6% · Avg 1,384 sqft
Same area · River East
#283 / 2,836
Top 10% · Avg 1,399 sqft
Citywide · Winnipeg
#19,204 / 194,458
Top 10% · Avg 1,342 sqft

Tax-Assessed Value

above average
437k
0255075100
Same streetTop 43%Same areaTop 28%CitywideTop 31%
Same street · Knowles Avenue
#138 / 322
Top 43% · Avg 433.2k
Same area · River East
#801 / 2,836
Top 28% · Avg 401.1k
Citywide · Winnipeg
#59,661 / 194,458
Top 31% · Avg 390.1k

Year Built

around average
1956
0255075100
Same streetBottom 7%Same areaBottom 3%CitywideBottom 36%

Lot Size

above average
7,875 sqft
0255075100
Same streetBottom 43%Same areaTop 22%CitywideTop 12%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

281 Knowles Avenue — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 204 m).

Search radius
🌳Parks2

Crime & Safety

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%

Sales History

Sold 5/2024CA$450k–500k
Sold price

Same street

Top 21%

Same area

Top 12%

City-wide

Top 17%
Sold 2/2016CA$300k–350k
Sold price

Same street

Bottom 23%

Same area

Bottom 37%

City-wide

Top 50%

Related homes

Highlights & common questions: 281 Knowles Avenue, Winnipeg

Property Overview: 281 Knowles Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling mix of space, location, and value in Winnipeg’s River East neighborhood. Its primary appeal lies in its generous 2,042 sqft living area, which ranks in the top 10% both locally and city-wide, offering significantly more interior space than typical area homes. Built in 1956, it is an older property on its street, which may appeal to buyers interested in classic character or renovation projects. The lot size is a notable asset, above average for the neighborhood and city, providing ample outdoor space.

The property’s assessed value is consistently around or above area averages, suggesting stable market recognition. Its recent sale history indicates strong value appreciation. This home would best suit buyers prioritizing interior square footage and yard size over a newer build, and who are looking for a established, well-sized home in a mature neighborhood without a premium price tag. It’s a practical choice for growing families or those seeking room to grow, offering more house and land for the dollar compared to many newer constructions in the city.

Section 2: Frequently Asked Questions

1. How does the home’s age affect its value and appeal?
While older than most on its street, the 1956 build date is near the citywide average. This can mean classic construction quality and mature landscaping, but buyers should budget for potential updates to systems like plumbing, electrical, or windows that align with modern standards.

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $437k is a municipal tax valuation. The home last sold between $450k-$500k in 2024, which is a more current market indicator. Always rely on a comparative market analysis from a real estate professional for pricing.

3. The lot size is noted as "around average" for the street but "above average" for the area. Why the difference?
The data shows the average lot on Knowles Avenue is unusually large (over 18,000 sqft). At 7,875 sqft, this property’s lot is smaller than that street average but is still larger than most lots in the broader River East neighborhood and Winnipeg overall, making it a relative asset in the community context.

4. What does the sold price ranking tell me?
The home’s 2024 sale price ranked in the top 21% on its street, top 12% in River East, and top 17% city-wide. This indicates it sold for a price point higher than a majority of comparable homes, reflecting strong market demand for its specific attributes at that time.

5. How can I verify the exact historical sold prices?
The site provides sold price ranges for transparency. Due to industry rules, exact MLS sold figures cannot be displayed publicly. You can request the exact sold price history via email through the site’s provided form for manual lookup.

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