Property Overview: 32 Knightsbridge Drive, Winnipeg

Key Characteristics & Appeal

This 1,080 sqft bungalow, built in 1972, presents a compelling case for value-focused buyers in the Meadowood neighbourhood. Its primary appeal lies in a clear value proposition: it offers above-average living space for its immediate street and area, while carrying a below-average assessed value. Specifically, the home ranks in the top 15% for size on Knightsbridge Drive, meaning it is more spacious than most of its direct neighbours. However, its assessed value sits in the bottom 10% for the same street and area, suggesting a potentially lower property tax burden or an opportunity relative to its footprint.

The lot is modest at just over 3,000 sqft, which is typical for the street but smaller than many in wider Meadowood. This lower maintenance yard could be a perk for downsizers or those seeking simplicity. Recent sale history shows steady appreciation, with the home selling between $250k-$300k in 2024, up from the $200k-$250k range in 2016.

This property would best suit practical first-time buyers or investors looking for a solid, no-frills footprint in a stable neighbourhood. It’s also a candidate for downsizers who prioritize single-level living and manageable outdoor space over a large lot. The data suggests you are paying primarily for the interior space and location, not for land size or a premium assessment.

Frequently Asked Questions

1. What does the low assessed value compared to living area actually mean?
A lower assessment relative to the home's size can indicate a few things: the interior may require modernisation, there could be deferred maintenance, or it may simply reflect a conservative municipal valuation. It often signals a property where the value is in the "bones" and space, not in recent high-end finishes.

2. Is the smaller lot size a disadvantage?
It depends on your lifestyle. While it limits expansive gardening or large additions, it significantly reduces yard work and upkeep costs. For many, this is a desirable feature that aligns with a low-maintenance lifestyle.

3. How stable is the value in this part of Meadowood?
The home’s value has appreciated over the last eight years, and its key metrics (like living area rank) are strong for the immediate street. This suggests it sits in a micro-location within Meadowood that holds its appeal, based on consistent demand for homes of this size and type.

4. The home sold recently in 2024. Why would it be back on the market?
Without specific disclosure, common reasons for quick resales include investor flipping, changes in the previous owner's personal circumstances, or estate sales. It's a prudent question to ask the listing agent to understand the context.

5. Are the sold prices shown the exact prices?
No. The prices listed ($250k-$300k for 2024) are estimated ranges based on public data. To obtain the exact historical sale price, you must request it directly via the provided email service, which manually confirms the figure from official records.