11 Knightsbridge Drive

Property Overview: 11 Knightsbridge Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This 1973 bungalow in Meadowood presents a specific value proposition. At 849 sqft, the living space is notably compact, ranking below average for the street, neighbourhood, and city. However, its assessed value of $31,400 is strong for Knightsbridge Drive itself, placing it in the top 25% of the street. This suggests the property may offer good value within its immediate locale, even if it's a smaller home.

The appeal lies in its efficient footprint and manageable 3,599 sqft lot, which is actually above average for the street. It suits first-time buyers, downsizers, or investors seeking an affordable entry point into a stable Winnipeg neighbourhood. The home’s age means potential renovators might see opportunity, while its lower-than-average citywide assessment could indicate a relatively modest property tax burden. It’s a practical choice for those prioritizing location and lot over square footage, who are comfortable with a home that may require updates reflective of its era.

Section 2: Frequently Asked Questions

1. Is the assessed value the same as the market value?
No. The assessed value ($31,400) is for municipal tax purposes. Market value (the selling price) is determined by current buyer demand and can be significantly higher or lower.

2. The home is smaller than average. What does the lot size mean for me?
While the house is compact, the lot is proportionally larger for the street. This offers valuable outdoor space for gardening, entertaining, or future expansion like a shed or deck, which can offset the smaller interior.

3. As a 1973 home, what should I budget for maintenance or updates?
Homes of this age may have original major systems (roof, windows, plumbing, electrical) nearing or past their typical lifespan. A thorough inspection is crucial, and budgeting for modernizations should be part of your financial planning.

4. How does the property’s ranking for value on its street impact me?
Ranking in the top 25% for assessed value on Knightsbridge Drive indicates that, compared to your closest neighbours, you might be getting more house for your tax dollar. However, it’s essential to verify this perceived value through a professional appraisal and comparison of recent sales.

5. Why can’t I see the exact sold price history here?
To ensure accuracy and privacy, exact sale prices are not always publicly posted in Manitoba. The service offers to provide this verified data manually via email to ensure you receive correct historical information for your decision-making.