Property score
68.4
Good
Overall 68.4 · Smaller and older than most nearby homes
1,048 sqft (bottom 21%) · Built in 1961 (15 yrs older than avg)
Located in a high-income area with median household income of ~110k
Transit 62.0 · 5-min walk to transit with 1 nearby route · Within 500m: 3 parks nearby
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Below average
15 yrs older than neighborhood avg.
Mother tongue
English · 79%French · 2%
Past 10 years River East sales snapshot (~80% of all data)
826
425k
$395/sqft
1976
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68.4 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: #46110769
$110K
Median household income
$121K
Average household income
1%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
18%
Single-person households
30%
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
315 Knowles Avenue — 3 amenities found within 500 m, across 1 categories, including 3 parks (nearest 372 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 & Key Characteristics
This one-storey home on a large, 8,544 sqft lot in River East presents a solid opportunity for buyers seeking space and value. Its key appeal lies in the substantial lot size, which ranks in the top 18% for the neighbourhood, offering rare potential for expansion, gardening, or outdoor living. The home itself is modest in size at 1,048 sqft, but benefits from a renovated basement, adding functional living space. Built in 1961, it is notably newer than many area homes, ranking in the top 7% for the neighbourhood by year built. The recent sale price of $375k sits above its assessed value, suggesting a competitive market perception. A detached garage completes the package.
This property would suit a practical buyer looking for a long-term home with room to grow on the property itself, whether through future renovations, an addition, or simply enjoying a large private yard. It’s also a fit for those who prefer the convenience of single-level living combined with the added space of a finished lower level. The numbers indicate you are paying a premium for the land and location more than the existing structure, making it ideal for someone who sees underlying value.
Frequently Asked Questions
1. How does the large lot size impact value?
Beyond private outdoor space, a lot of this size is a strategic asset. It significantly increases the property’s future redevelopment potential, offering options that simply don’t exist on standard lots, which can be a strong hedge against market shifts.
2. The home sold for more than its assessed value. What does that mean?
Assessed value is for municipal tax purposes and often lags behind the current market. The sale price reflects what a buyer recently was willing to pay in the open market, indicating that the property’s perceived value—likely due to the lot, condition, or location—exceeds its official assessment.
3. What are the implications of the home being "newer" than most in the area?
While still an older home, a 1961 build in a neighbourhood with many pre-1950s houses can suggest potentially fewer age-related issues with core components like the foundation or electrical systems, though a thorough inspection is always critical.
4. Who might the renovated basement suit best?
The basement adds crucial flexible space. It’s ideal for a growing family needing a rec room, a professional wanting a separate home office, or a household looking to generate rental income through a potential suite (subject to local zoning and regulations).
5. How does this property compare to others on the same street?
The rankings show a mix: the lot size is above average for the street, while the living area is below average. This highlights the property’s specific profile—you’re acquiring a larger-than-typical parcel of land with a more modest-sized home on it compared to your immediate neighbours.
