58 Knightsbridge Drive

Property Overview: 58 Knightsbridge Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This 1972-built home in Meadowood presents a practical and affordable entry point into the Winnipeg market. With 909 square feet of living space on a 3,050 sqft lot, its size is modest but competitive for its immediate street, ranking around the middle among its closest neighbours. The home’s appeal lies in its relative value and positioning. Its assessed value is notably below the Meadowood area average, which can suggest a lower property tax burden and potential for value appreciation through updates. It suits first-time buyers seeking a manageable, single-story home, or investors looking for a rental property with solid fundamentals in an established neighbourhood. A thoughtful perspective is that while the lot is smaller than area averages, it offers lower maintenance—a significant factor for busy professionals or downsizers. The home last sold in the $250k-$300k range in 2024, indicating a recently active and priced market.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 909 sqft, the living area is slightly below the average for Knightsbridge Drive itself (978 sqft avg.) and more notably below the broader Meadowood average. This indicates a cozier, more efficient layout compared to many area homes.

2. What does the assessed value tell me?
The $30,300 assessment is below the Meadowood average, which typically correlates with lower municipal property taxes. It’s important to note that assessed value is for tax purposes and may differ from market value.

3. Is the lot size a limitation?
The 3,050 sqft lot is smaller than most in Meadowood, which limits expansive outdoor space but reduces yard maintenance time and cost—a potential benefit for those seeking a low-maintenance property.

4. What can the recent sale price (2024) indicate?
The sale in the $250k-$300k range suggests the market has recently validated the home’s value. Buyers should investigate what, if any, changes were made since that sale to understand current condition and value.

5. Who are the most comparable neighbours?
Homes like 14 Knightsbridge Dr. (900 sqft, 1973) are very close comparisons on the same street, providing a direct benchmark for size, age, and value.