Key Characteristics & Buyer Profile

This is a 1905 home on Knappen Avenue in Winnipeg’s Wolseley neighbourhood, with 1,152 sq ft of living space on a 2,562 sq ft lot. Its assessed value is $195,000, notably lower than the street, neighbourhood, and city averages.

The property’s main appeal is its relative affordability. The low assessment—ranking in the bottom 1% of Wolseley and bottom 8% citywide—suggests potential for below-market pricing or a lower tax burden compared to nearby homes. The lot size is also modest for the area, which may limit yard maintenance but also reduces the entry cost.

This home would suit buyers who prioritize character and neighbourhood over square footage. Wolseley is known for its older homes, tree-lined streets, and walkable, community-oriented feel. That said, a 1905 build may come with maintenance considerations—so this property is best for someone comfortable with an older home’s quirks, or looking for a project that allows them to build equity through updates. It’s less suited for those seeking a move-in-ready, low-maintenance property or a larger family home.

Frequently Asked Questions

1. How does this home's value compare to others nearby?
The assessed value of $195,000 is well below the average for both Knappen Avenue ($264,000) and Wolseley ($371,000). This indicates it’s priced lower than most nearby homes, but assessment and market price aren’t always the same—it’s worth checking the actual asking or recent sale price.

2. What does the “older than average” build year mean in practice?
The home was built in 1905, which is typical for the street but older than most homes in Wolseley and the city. Older homes often have solid construction but may need updates to plumbing, electrical, insulation, or windows. A home inspection is strongly recommended.

3. Is the lot size a concern for resale?
At 2,562 sq ft, the lot is average for the street but smaller than the neighbourhood norm. It could limit expansion options but also means less outdoor upkeep. For many buyers in Wolseley, a smaller lot is expected and not a drawback.

4. What kind of buyer usually looks at a home like this?
First-time buyers, renovation-minded buyers, or those wanting to get into Wolseley at a lower price point. The low assessment and older construction suggest it may need some work, making it less suitable for someone wanting a turnkey home.

5. How reliable are the ranking and comparison data?
The data compares this property to over 2,300 homes in Wolseley and nearly 200,000 citywide, using assessed values and recorded features. It’s useful for spotting relative value, but rankings don’t account for condition, recent renovations, or specific location nuances. Always verify with a local agent and in-person visit.