Property Overview: 33 Knightsbridge Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 1973 home in Meadowood presents a practical and value-conscious opportunity. Its key appeal lies in its efficient use of space and its position within its immediate neighbourhood. At 1,080 sqft, the living area is notably above average for Knightsbridge Drive itself, suggesting a well-sized home for the street. The lot, while smaller than many in the wider Meadowood area and city, is still generous for the street and offers manageable outdoor space.
The home’s assessed value of $290K sits below average for the Meadowood area, which may indicate a relative value proposition or reflect the home’s original condition and era. It last sold in the $300K-$350K range in 2024. This profile suits first-time buyers seeking an entry into a stable neighbourhood, or practical downsizers looking for a manageable property without a sprawling yard. Its appeal is grounded in being a competent, no-frills home on a street where it stands out positively in terms of interior space, rather than in luxury finishes or a large lot.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to its neighbours?
At 1,080 sqft, the living area is in the top 15% on Knightsbridge Drive, meaning it is larger than most homes directly on its street. Compared to all of Meadowood, it is closer to the neighbourhood average.
2. Why is the assessed value below the Meadowood area average?
The assessed value of $290K ranks in the bottom 10% for the broader Meadowood area. This can be influenced by the home’s age (1973), its specific lot size which is smaller than the area norm, and the assessed values of comparable properties. It reflects its position as a more modestly valued property within the community.
3. What does the sold price history indicate?
The home sold in 2024 for an estimated $300K-$350K. This recent sale price above the current assessed value is common and reflects the market value at the time of sale, whereas the assessment is used for taxation purposes and may lag behind market shifts.
4. Is the lot size a disadvantage?
The 3,599 sqft lot is below average for Meadowood but is actually above average for Knightsbridge Drive itself. It offers a more manageable yard with less maintenance, which can be a benefit for some buyers, though it provides less private space than many larger lots in the surrounding area.
5. Where can I see more detailed comparisons for this specific area?
You can use the provided neighbourhood analysis page link to view this property on a map alongside nearby homes, comparing details like year built, living area, and lot size directly with its closest neighbours.