Property Overview: 246 Knightsbridge Drive, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This 1972-built bungalow in Meadowood presents a practical and affordable entry point into the Winnipeg housing market. With 924 sqft of living space on a 3,049 sqft lot, its key characteristic is its modesty—it is a compact, no-frills home that ranks below the area and city averages for size. Its appeal lies in its financial accessibility, evidenced by a relatively low assessed value that places it in the top 30% most affordable homes city-wide. This creates a lower property tax burden and a clear opportunity for first-time buyers or investors.
The home suits buyers prioritizing location and budget over space. It’s ideal for a single person, a couple, or an investor looking for a manageable rental property. A thoughtful perspective is that while the home is smaller than many in Meadowood, its lot size is more aligned with its immediate street, suggesting a streetscape of similarly scaled homes, which can offer a cohesive neighbourhood feel. Its recent sale history (2023) indicates it’s in active market circulation, appealing to those seeking a turnkey property without a long, complicated history.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is below the Meadowood average but is around the average for its specific street, Knightsbridge Drive. This suggests you are paying a "street price" for a home that is more affordable than others in the broader neighbourhood.
2. Is the living space sufficient for a small family?
At 924 sqft, the living area is compact. It would be a functional fit for a small family, but it ranks in the smaller third of homes on its own street, so space will be efficient. Buyers should carefully consider their long-term space needs.
3. What are the implications of the lot size?
The lot is under 3,050 sqft, which is significantly smaller than the Meadowood and city averages. This means lower exterior maintenance but also limited space for large additions, pools, or extensive landscaping compared to other properties in the area.
4. The home was built in 1972. Should I be concerned about major repairs?
As a home over 50 years old, key systems like roofing, plumbing, and wiring may be nearing or past their typical lifespan. A thorough inspection is essential to budget for potential updates, though the solid sale history suggests it has been maintained in livable condition.
5. How can I find out the exact price it sold for in 2023?
The provided sold price is a public data range. To obtain the exact sale price, you must request it directly via the email service noted on the listing page. This is a common practice to ensure accuracy and verify buyer interest.