Property Overview: 234 Knightsbridge Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Meadowood presents a practical opportunity. Its key characteristic is a renovated basement, adding valuable finished space to the 800 sqft main living area. Built in 1972, the home sits on a generously sized lot that ranks within the top 15% of the neighbourhood for land area, offering ample outdoor potential.
The primary appeal lies in its balance of a move-in-ready feature (the renovated basement) and the opportunity for personalization or future expansion, given the established lot size. The property’s assessed value is notably modest compared to many area homes, suggesting a potentially accessible entry point into the neighbourhood.
This home would best suit first-time buyers seeking a solid foundation in a mature community, or downsizers looking for single-level living with a manageable footprint and a low-maintenance yard. A thoughtful perspective is that while the living area is compact, the large lot is a long-term asset not easily replicated in newer subdivisions, offering room for gardens, play space, or even an addition.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 800 sqft, the main living area is smaller than many comparable homes in Meadowood. However, the renovated basement provides additional finished space, and the lot size is significantly larger than average for the area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or rooms. This is a key detail to clarify with the selling agent to understand the home’s total functional living space.
3. Is the lack of a garage a major concern?
The property has no garage, which is common for homes of this era in Winnipeg. The large lot, however, may provide space to add a parking pad or future structure, subject to local bylaws.
4. The home sold in 2017 for $230k. What does that indicate?
That sale price was in the top 1% for the neighbourhood at that time, suggesting the property may have had significant updates or was in high demand. It’s a useful data point, but current value will be driven by today’s market conditions and the home’s present state.
5. How does the assessed value relate to the likely selling price?
The assessed value for tax purposes ($29.7k) is not an indicator of market value. Market value is determined by recent sales of similar homes. The assessment does, however, suggest relatively lower property taxes compared to homes with a higher assessed value.