855 Knowles Avenue

Property Overview

This two-storey home on a large, mature lot in Springfield North offers a practical and private living environment. Built in 1995, it presents a balanced proposition: it's newer than most homes on its street and in Winnipeg overall, yet it carries a relatively low assessed value. The 1,560 sqft living space is complemented by a renovated basement, adding functional space. Its primary appeal lies in its generous 13,687 sqft lot, which places it in the top tier for size within the neighbourhood, offering significant outdoor potential and a sense of space uncommon in this price range. This property would suit first-time buyers or downsizers seeking a manageable home with room to grow, value-conscious investors, or anyone prioritizing lot size and privacy over a modern, turn-key interior. A less obvious perspective is that the low assessment, combined with the home's age, suggests there may be an opportunity to add value through updates, effectively buying future equity with the large lot as a permanent asset.

Frequently Asked Questions

1. What does the assessed value indicate?
The assessed value of $39,800 is notably lower than many comparable properties, which typically suggests a lower annual property tax burden. It's important to note that assessed value is for municipal taxation and is not a direct reflection of market value.

2. How does the lot size compare?
The lot is a standout feature at over 13,600 sqft, ranking in the top 4% of the neighbourhood for size. This is significantly larger than standard city lots and offers exceptional potential for gardening, recreation, or future expansion.

3. What is the neighbourhood like?
Springfield North is an established area. The home ranks in the top third for lot size on its own street, indicating a mix of property types. The "Worth Viewing" comparable at 626 Knowles Avenue suggests similar homes in the immediate area are in demand.

4. What should I consider about the year built?
Built in 1995, the home is newer than approximately 77% of Winnipeg's housing stock. This generally means more modern construction standards and likely fewer major system replacements than in much older homes, though updates to interiors may be desired.

5. Is there a garage?
No, the property listing indicates there is no garage. The large lot, however, provides ample space for adding a detached garage or workshop, subject to local zoning and permit regulations.