Property Overview: 111 Castlebury Meadows Drive
Key Characteristics & Appeal
This home presents a balanced profile within its North Inkster Industrial neighbourhood. Built in 2016, it’s a relatively modern property in a city where the average home is significantly older, offering the appeal of newer construction with less immediate concern for major system updates. With 1,445 sqft of living space, the home is slightly more compact than its immediate neighbours but is very close to the city-wide average, suggesting an efficient layout that suits streamlined living.
Its primary standout feature is the land. The lot of 4,988 sqft is notably larger than most in its immediate area and on its street, providing above-average outdoor space for the neighbourhood—a valuable asset for gardening, recreation, or future expansion. The assessed value of $518k sits around the average for the street and area but ranks well above average city-wide, indicating the property holds its value in the broader Winnipeg market.
This home would suit practical buyers looking for a modern, low-maintenance property in a developed area, who prioritize a generous lot size over a maximized interior footprint. It’s a sensible choice for first-time buyers stepping into a newer home or downsizers seeking single-level living without sacrificing yard space. The data suggests it offers a "best of both worlds" scenario: newer-home amenities within the city, coupled with a lot size more commonly found in older suburbs.
Frequently Asked Questions
How does the living area compare to nearby homes?
At 1,445 sqft, the home is somewhat smaller than the average on Castlebury Meadows Drive (~1,661 sqft) but is very close to the city-wide average. This indicates a efficient use of space that may appeal to those seeking easier maintenance without sacrificing core functionality.
Is the assessed value high for the area?
The $518k assessment is around the average for both the street and the North Inkster Industrial area. Its value becomes more notable in a city-wide context, where it ranks above average, suggesting stable equity relative to the broader Winnipeg market.
What does the lot size mean for me?
The 4,988 sqft lot is a key feature. It’s larger than most plots in the immediate vicinity, offering more private outdoor space than you might typically find in this neighbourhood—a plus for privacy, gardening, or family activities.
How old is this property, and what does that imply?
Built in 2016, the home is relatively new, especially compared to Winnipeg's average home age. This typically means modern building standards, younger major components (like roof, HVAC, and windows), and potentially lower repair costs in the near term.
What can the last sale price tell me?
Records show it last sold in late 2016 for between $400k-$450k. While market conditions have changed since then, this provides a long-term baseline for appreciation. For exact historical figures, a manual title search is recommended.