Property Overview
5 Knightsbridge Drive is a well-situated home in Winnipeg's Meadowood neighbourhood. Built in 1973, it presents a practical opportunity with a distinct profile shaped by its specific street and community context.
Key Characteristics & Appeal
This 1,080 sqft home stands out on its own street for its above-average living space and a lot size that is also larger than many neighbours'. This suggests a home that offers good interior room and decent outdoor space relative to its immediate surroundings. Its primary appeal lies in this local advantage, offering more house and yard than is typical for Knightsbridge Drive.
However, the context shifts when viewed against the broader Meadowood area and the city. The home's assessed value is notably below average for both the neighbourhood and the street itself. This combination—more space on the street paired with a lower valuation—creates an interesting value proposition. It could indicate an opportunity for a buyer comfortable with a home that may require updates, positioning it as a potential value-add project or an affordable entry into the area.
The home would suit a first-time buyer or practical investor looking for solid fundamentals in a established neighbourhood. It's for someone who values space on their specific block and sees potential in a property that is competitively positioned on its street but priced below area averages. The last sale occurred between 2022 and 2025 in the $250k-$300k range.
Frequently Asked Questions
1. Why is the assessed value below average for the street and neighbourhood?
While the exact reasons aren't specified, a below-average assessment can sometimes relate to the home's condition, specific features, or modernization level compared to peers. It's a key point to investigate during a viewing and with a professional inspection.
2. How does the living area compare practically?
At 1,080 sqft, the home offers more space than the average house on Knightsbridge Drive (~978 sqft). It's slightly below the Meadowood average but provides a comfortable size for a small family or couple.
3. What does the lot size mean for me?
The 3,599 sqft lot is above average for the street, meaning more private outdoor space than many direct neighbours. However, it is smaller than the typical lot in the wider Meadowood area, so expectations should be set for a manageable yard rather than an expansive one.
4. The home was built in 1973. What should I consider?
Homes from this era may have original components, like windows, roofing, or electrical systems, that are nearing or past their typical lifespan. This underscores the importance of a thorough inspection to budget for any necessary maintenance or updates.
5. How can I find out the exact past sale price?
The provided sale price is a public data range. You can obtain the exact historical sale price by requesting it via email from the listing source, which provides this detail manually without marketing spam.