47 Knightsbridge Drive

Property Overview: 47 Knightsbridge Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 47 Knightsbridge Drive in Meadowood is a practical, no-frills property built in 1973. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly suited for those comfortable with a smaller, efficiently sized home.

The 809 sqft living area is notably compact, ranking in the smaller third of homes on its own street and the broader area. This suggests a home focused on essential living spaces, likely with a straightforward layout. However, it sits on a 3,599 sqft lot, which is above average for Knightsbridge Drive, offering valuable outdoor space relative to its immediate neighbours—a potential perk for gardening, pets, or simple private outdoor living.

With an assessed value significantly below area and city averages, the financial barrier to entry is lower. This combination of a smaller interior on a decent lot creates a specific value proposition: lower ongoing costs (like taxes and utilities) and less maintenance, paired with the upside of land. It would suit first-time buyers, downsizers, or investors seeking a manageable rental property. It’s a home for those who prioritize financial efficiency and land over square footage, and who see potential in a classic 1970s layout that may benefit from personal updates over time.

Section 2: Frequently Asked Questions

1. Is the assessed value the same as the market value?
No. The assessed value ($29,400) is for municipal tax purposes. Market value is determined by what buyers are willing to pay in the current market, which can be higher, as suggested by its last recorded sale price range.

2. How does the smaller living area impact daily life?
The home is about 25% smaller than the average on its street. This typically means fewer or more compact rooms, limited storage, and a need for efficient space planning. It’s well-suited for individuals, couples, or those comfortable with cozy, minimalist living.

3. What does the lot size being "above average" for the street mean practically?
While the lot is smaller than many in Winnipeg, it’s larger than most on Knightsbridge Drive. This could mean a more generous backyard or side yard compared to the houses directly next to it, offering a relative sense of space and privacy in the immediate context.

4. The home is over 50 years old. What should I consider?
Built in 1973, major systems like roofing, plumbing, electrical, and the foundation should be thoroughly inspected. While it shares the age of many homes in the neighbourhood, its condition and any updates will be key factors in its value and required maintenance.

5. Why do I need to email to get the exact sold price history?
Exact sale prices in Manitoba are not publicly available online. The website provides estimated ranges from data sources but offers to manually share the precise figures from its records upon request, a common practice for accuracy in this market.