Property Overview: 223 Castlebury Meadows Drive
Key Characteristics & Buyer Appeal
This home at 223 Castlebury Meadows Drive is a modern, efficiently sized property built in 2016. With 1,373 sqft of living space on a 3,115 sqft lot, it presents a low-maintenance footprint. Its core appeal lies in its value proposition and contemporary build. The assessed value of $377k is notably below the average for its immediate street and North Inkster Industrial area, suggesting a potentially more accessible entry point into a neighborhood of newer, often higher-valued homes. However, it’s close to the city-wide average for assessed value, positioning it as a competitively priced, modern home in the broader Winnipeg market.
The property would suit first-time buyers or downsizers seeking a relatively new build (just 10 years old) without a premium price tag, especially those who prioritize interior space over a large yard. A thoughtful perspective is that while the lot is smaller than many in the city, this translates to less exterior upkeep. Additionally, its value ranking is stronger city-wide than within its own micro-area, hinting that its appeal might be broader for buyers comparing across different districts rather than just within this specific suburb.
Frequently Asked Questions
1. Is this home priced below its neighbors?
Based on assessed values, yes. The home’s $377k assessment is significantly below the average on its own street ($498.8k) and in the North Inkster Industrial area ($484.4k). This could indicate a value opportunity, but it’s essential to understand the reasons, which a viewing and professional inspection can help clarify.
2. How does the size compare to a typical Winnipeg home?
The living space (1,373 sqft) is very close to the city-wide average (1,342 sqft), making it a standard-sized family home. The lot size (3,115 sqft) is smaller than the Winnipeg average, meaning the yard space is more compact.
3. What does the sold price history show?
Records indicate it last sold between $250k-$300k in August 2016, which was likely near its original construction sale. For the exact sold price, you can request the information via email from the site provider, as they manually verify this data.
4. Is a home built in 2016 considered modern?
Yes. Built just 10 years ago, it is a contemporary home. City-wide data shows it ranks in the top 6% for year built, meaning it is newer than approximately 94% of homes in Winnipeg, a significant advantage for systems, insulation, and layout.
5. Why are the rankings for value and size so different?
The home ranks lower (more affordable) in value compared to its immediate neighbors but higher (newer) in age compared to the whole city. This highlights its character: a modern home that is priced accessibly within its own newer, higher-value subdivision. It offers modern amenities without the typical price tag of the newest homes in the area.