Property Overview: 14 Knightsbridge Drive, Meadowood, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home in the established Meadowood neighbourhood presents a practical and value-conscious opportunity. Its key characteristic is a renovated basement, adding valuable finished space to the 900 sqft main floor. The property sits on a decently sized lot (over 3,000 sqft) and includes a detached garage. Built in 1973, it is a typical home for the area, with its assessed value ranking solidly within the top quarter of its immediate street.
The appeal lies in its position as a well-priced entry point into a mature neighbourhood. The renovated basement suggests move-in readiness and increased liveable area without the premium of a larger above-ground footprint. It suits first-time buyers seeking a manageable, single-level layout, or investors looking for a stable rental property in a consistent area. A thoughtful perspective is that while the home itself is average in size for the city, its lot size ranks highly for the street, offering potential outdoor space or future expansion that some newer infill properties lack. The data shows nearby sales and assessments vary widely, indicating a neighbourhood where property values are influenced more by individual home condition and updates than by location alone.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 900 sqft, the main living area is moderately sized for Meadowood. It ranks in the top 42% on its own street, meaning it's larger than many direct neighbours, but slightly below the neighbourhood average when including all home types.
2. What does the "renovated basement" typically mean for a home of this age?
In a 1973 home, a renovated basement often means updated finishes like flooring, drywall, and lighting. It's crucial to clarify the scope, permits, and the condition of core elements like plumbing, electrical, and foundation that would be original.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $31,500 is for municipal tax purposes. The last known sale was in 2019 for $25,800. Current market value will be determined by recent sales of comparable, updated homes in Meadowood, which the listing data shows can vary significantly.
4. What are the pros and cons of a detached garage?
Pros include reduced noise and fire risk from the main house, and flexible yard access. The main con is convenience, requiring you to go outside in Winnipeg winters to access your vehicle.
5. How does the age of this home affect a purchase decision?
Homes from this era often have solid construction but may require updates to major systems like roof, windows, or heating in the near future. The renovated basement is a plus, but a thorough inspection should focus on the original, unseen components of the structure.