Property Overview & Key Characteristics
This 1973 bungalow at 171 Knightsbridge Drive in Meadowood presents a compelling mix of space and value. Its primary appeal lies in its generous, above-average lot size of nearly 7,000 sq ft, which stands out significantly within its immediate street and wider neighbourhood. This offers substantial outdoor space and potential for gardening, expansion, or simply more privacy than typical area lots.
The 988 sq ft living area is modest and in line with other homes on Knightsbridge Drive, though slightly below the city-wide average, suggesting a home focused on efficient use of indoor space. Its assessed value is strong for the street, indicating it is perceived as a well-maintained or desirable property in its direct vicinity. A recent sale in the $400k-$450k range further confirms its market appeal.
This property would suit first-time buyers or downsizers looking for a manageable single-level home with a large yard in a mature neighbourhood. It’s also a sensible option for value-focused buyers who prioritize land size over a larger interior footprint, and for those who see potential in a solidly built 1970s home that may benefit from personalized updates over time.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is a key feature. At 6,944 sq ft, it is substantially larger than the average lot on Knightsbridge Drive (3,869 sq ft) and in the broader Meadowood area (5,554 sq ft), placing it in the top 12% of the neighbourhood.
2. Is the home smaller than average?
The living area is 988 sq ft, which is typical for the street but below the Winnipeg city-wide average. It represents a more compact, efficient layout rather than an expansive one.
3. What does the assessed value tell us?
With an assessed value of $38,200, this home is valued above the average for its street. This often reflects the property's condition, the desirable lot size, or recent improvements compared to its immediate neighbours.
4. The home was built in 1973. What should I consider?
As a home from the early 1970s, prospective buyers should pay attention to the age and condition of major systems like the roof, windows, plumbing, and electrical, which may be due for updates or replacement.
5. How can I find out the exact past sale price?
The listed sale price is a public data range. The exact, verified sold price is available by request via email from the listing service, which they provide manually without using your contact information for marketing.