Property Summary: 22 Knappen Avenue

Key Characteristics & Buyer Profile

This is a 1901-built home with 678 sq ft of living space on a 2,554 sq ft lot, located on Knappen Avenue in the Wolseley neighbourhood of Winnipeg. The property’s assessed value for tax purposes is $187,000.

Its appeal lies in its affordability and lower entry point relative to the surrounding area. On its own street, it ranks at the very bottom for size and well below average for assessed value, and it sits in the lower tier for both metrics across the Wolseley community and the city as a whole. This makes it one of the most budget-friendly options in a neighbourhood where the average home is significantly larger and more expensive. The lot size is also below average, but compared to city-wide averages (where lots are typically much larger), the difference is less stark.

The property would suit a buyer who is price-sensitive and prioritizing location over square footage. Wolseley is a established, walkable neighbourhood, and this home offers a way in at a lower cost than most. It may appeal to someone willing to take on a project or downsize, or to an investor seeking a lower-cost entry into a desirable area. That said, the combination of a very small footprint, old age, and below-average lot size means it is not a typical family home, and its resale potential may be limited to a specific buyer pool.

Five Possible FAQs

1. How does this home compare to others in Wolseley?
   It is much smaller and has a lower assessed value than nearly all homes in the area. In a neighbourhood of 2,349 properties, it ranks 2,348th for living space and 2,334th for assessed value. It is also older than most, with a construction date of 1901 versus a neighbourhood average of 1916.

2. Is this a fixer-upper?
   The data doesn’t speak to condition, but the age (1901) and very low assessment suggest it may require updates. Buyers should budget for a thorough inspection, especially for systems, foundation, and insulation in a home of this vintage.

3. What does “below average” mean for value and size?
   It means the home is small and inexpensive relative to its street, neighbourhood, and city. For example, the average Wolseley home is roughly 1,622 sq ft and assessed at $371,000—more than double the size and value of this property. For buyers, this can be an advantage (lower cost) or a limitation (less space and potential for appreciation).

4. Is the lot too small for expansion?
   At 2,554 sq ft, the lot is near the average for the street (2,736 sq ft) but well below the city average (6,570 sq ft). Expanding the footprint may be challenging given lot size and likely zoning restrictions. Check with the city before planning any additions.

5. What is the location like?
   Knappen Avenue is in Wolseley, a central neighbourhood known for its older homes, tree-lined streets, and proximity to the Assiniboine River and downtown. It is a sought-after area for walkability and character, which may offset the home’s smaller size and lower assessed value for the right buyer.