Property Overview: 56 Knightsbridge Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 1972 bungalow in Meadowood presents a practical and affordable entry point into the Winnipeg housing market. With 909 square feet of living space on a 3,050 sqft lot, its key characteristic is its relative modesty. The data reveals a home that is consistently "around average" for its immediate street but falls "below average" in size and lot dimensions when compared to the broader Meadowood neighbourhood and the city. This isn't a sprawling property; it's a manageable one.
Its appeal lies in its financial accessibility and lower maintenance footprint. The assessed value is notably below the neighbourhood average, suggesting a potentially lower property tax burden and an attractive price point for budget-conscious buyers. It suits first-time homebuyers, downsizers looking to simplify, or investors seeking a straightforward rental property. A thoughtful perspective is that a home of this size and vintage on a smaller lot often translates to lower utility costs and less time spent on yard work, appealing to those prioritizing efficiency and free time over expansive space.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 909 sqft, the living area is smaller than the average home on its own street (978 sqft) and significantly smaller than the average in the broader Meadowood area (1,114 sqft). It offers compact, efficient living.
2. What does the assessed value tell me about this property?
The assessed value of $30,200 is below the Meadowood average ($37,600), which can indicate a more affordable purchase price and will likely result in lower annual property taxes compared to larger homes in the area.
3. Is the lot size a limitation?
The 3,050 sqft lot is smaller than most in Meadowood. This means less yard maintenance but also less private outdoor space. It's well-suited for those who prefer a low-maintenance lifestyle or who prioritize indoor living.
4. What can recent sale history tell us?
The property sold between $300k-$350k in 2022. This recent sale provides a concrete, modern benchmark for its market value, showing it transacts as an affordable option within the city.
5. Who might this property not be suitable for?
It may not suit buyers looking for ample room for a growing family, those who desire extensive garden space, or anyone seeking a move-in-ready modern home without planning for updates typical of a house built in the 1970s.