Property Overview & Appeal
This 1972 bungalow at 252 Knightsbridge Drive in Meadowood is a home defined by its practical proportions and established neighbourhood setting. With 924 square feet of living space on a 3,049 sqft lot, it presents a manageable footprint. Its key appeal lies in its relative affordability and stability within its immediate street context. The data shows the home is consistently around average for its street in terms of size, assessed value, and age, but sits below the wider neighbourhood averages for lot and living space. This creates a specific value proposition: you are purchasing a home that is typical and competitively priced for Knightsbridge Drive itself, offering a sense of parity with direct neighbours.
It would suit first-time buyers or downsizers looking for an entry point into a mature Winnipeg neighbourhood without a massive maintenance burden. The smaller lot is a trade-off for less yard work. A thoughtful perspective is that homes which are "average for the street" but "below average for the area" can sometimes offer a more predictable and stable investment within their micro-market, insulating them from wider area fluctuations. It’s a home for those who prioritize neighbourhood character and street-level consistency over maximizing square footage.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $30,700 is for municipal tax purposes. The last known sold price in 2022 was between $300,000 and $350,000, which is a more relevant market benchmark. Always consult a real estate professional for a current market valuation.
2. Is the living space sufficient for a small family?
At 924 sqft, it is compact. It is below the Meadowood neighbourhood average (1,114 sqft) but comparable to other homes on Knightsbridge Drive. It would require efficient use of space and may suit a couple, a single person, or a small family comfortable with cozy quarters.
3. What are the implications of the smaller lot size?
The 3,049 sqft lot is notably smaller than the Meadowood average (~5,554 sqft). This means lower maintenance, less outdoor space for gardening or play, but potentially lower landscaping costs and time commitment. It’s a practical choice for those not wanting extensive yard work.
4. The home was built in 1972. What should I be aware of?
As a home over 50 years old, key systems like the roof, windows, plumbing, and electrical may be at or beyond their typical lifespan. A thorough home inspection is essential to understand the condition and potential upcoming capital costs, which is typical for homes of this era.
5. How can I get the exact historical sold prices?
The precise sale history is not publicly displayed. The listing service offers to provide the exact sold price data manually via email upon request, at no cost and without marketing spam, as they compile this data separately.