Property Overview: 40 Knightsbridge Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This 1972 bungalow in Meadowood presents a practical and affordable entry point into the Winnipeg housing market. With 909 square feet of living space on a 3,050 sqft lot, its scale is modest, ranking below average for size both in the neighbourhood and city-wide. This very characteristic is central to its appeal: it offers a manageable footprint with lower maintenance demands, both indoors and outdoors.

The home’s strongest suit is its financial accessibility. Its assessed value is notably below the Meadowood average, and recent sold price history suggests it has been a competitively priced option. This creates an appealing value proposition, especially for first-time buyers or investors seeking a lower-cost entry with renovation potential. The property fits comfortably within its immediate street context—its size, value, and age are all around the average for Knightsbridge Drive—indicating a stable, established streetscape of similar homes.

A thoughtful perspective for potential buyers is the balance of compromise and opportunity. While the lot is smaller than many in the area, it reduces yard work. While the living area is compact, it can promote efficient living and lower utility costs. This property would best suit pragmatic first-time buyers, downsizers looking to rightsize, or budget-conscious investors. It’s a home for those who prioritize financial sensibility and manageable upkeep over abundant space.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to its recent sale price?
The home sold in the $300k-$350k range in 2023, which was a strong price performance relative to other homes on the same street at that time (top 23%). This indicates the market recognized value, potentially due to updates, condition, or the lot's location.

2. Is the smaller lot size a significant drawback?
It depends on your priorities. The lot is smaller than most in Meadowood, which means less private outdoor space and potentially less room for expansions like a large deck or garage. However, it also means significantly less yard maintenance, which can be a benefit for those seeking a low-maintenance lifestyle.

3. What does the below-average assessed value mean?
A below-average assessed value for the neighbourhood generally translates to lower municipal property taxes, which is a tangible annual saving. It typically reflects the home’s more modest size and potentially its original condition compared to updated or larger homes on the same street.

4. As a home built in 1972, what should I be prepared for?
Homes from this era may have original major systems (like roofing, plumbing, or electrical) nearing or exceeding their typical lifespan. A thorough inspection is crucial. On the positive side, the floor plans of this era are often straightforward and functional, with good potential for modernization.

5. How can I get the exact historical sale prices for this property?
The exact sold prices are not published publicly. The listing service provides the price ranges shown. You can request the precise figures by emailing them directly through the provided form; they manually provide this data without using your email for marketing.