Property Overview
This home at 171 Castlebury Meadows Drive presents a compelling opportunity in Winnipeg's North Inkster Industrial area. Built in 2017, it is a relatively modern property that stands out for its above-average size and value within its immediate context. The 2,037 sqft living area is notably larger than most comparable homes on its street, in the area, and across the city, placing it in the top 10-16% for space. Its assessed value of $597k follows a similar pattern, ranking in the top 13% locally and the top 8% city-wide, indicating a premium valuation. The lot size of 5,483 sqft is also generous for the neighbourhood. Historical data shows it last sold in September 2021 for an estimated $700k-$750k, a price that was in the top 1% for the area at that time.
The appeal lies in acquiring a spacious, contemporary home in a neighbourhood where it outperforms many peers on key metrics. It suits buyers looking for move-in-ready, modern construction without the premium of a brand-new build, and who value above-average interior space. A thoughtful perspective is that while the home is elite city-wide for its newness (top 5%), it is average for its specific area, suggesting the neighbourhood itself is quite modern. This means you get a newer home without being an outlier, potentially aiding future resale. The property would likely attract growing families or professionals seeking room to grow, and value-conscious buyers who appreciate statistical outperformance relative to nearby homes.
Frequently Asked Questions
How does the assessed value relate to the likely listing price?
The assessed value of $597k is for municipal tax purposes. The last known sale was between $700k-$750k in 2021. A current market valuation would consider recent sales, market conditions, and the home's standout characteristics, and would typically be higher than the assessed value.
Is the North Inkster Industrial area primarily residential?
Despite the "Industrial" in its name, the area contains established residential subdivisions like Castlebury Meadows. The data shows homes here are modern (averaging 2018 build year), with the subject property on a quiet, consistent street of similar homes.
What does it mean that the lot size is "around average" city-wide?
While the 5,483 sqft lot is larger than most in its immediate area, it is close to the middle of the pack compared to all Winnipeg lots. This highlights a key feature: you are getting a larger-than-usual house on a standard city lot for the neighbourhood, not an exceptionally large property by broader city standards.
The home sold for a top-tier price in 2021. Does that limit future appreciation?
A previous high sale price sets a benchmark but doesn't cap future value. Appreciation will depend on overall market trends, property condition, and how well the home continues to compare to newer constructions. Its consistent "above average" rankings on core metrics is a positive foundational factor.
How reliable is the provided sold price data?
The site states its sold price data is from public sources, not the MLS, and has had limited verification. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as MLS rules prevent them from displaying that data directly.