Property Overview: 235 Castlebury Meadows Drive
This home presents a practical and modern living option in Winnipeg’s North Inkster Industrial area. Built in 2016, it is a relatively newer property with a manageable 1,373 sqft of living space on a 3,115 sqft lot. The current assessed value is $373,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern age and its position as a value-conscious entry into a newer neighbourhood. While its living space and lot size are below the average for its immediate street and area, they are much closer to the city-wide average, suggesting it offers a more typical Winnipeg home size. A key, less obvious perspective is its financial positioning: the assessed value is notably lower than most direct neighbours, which could indicate a lower property tax burden or a potential value opportunity for a buyer, though it may also reflect the home’s specific features or updates.
It would suit first-time buyers or downsizers looking for a modern, low-maintenance home without a premium price tag relative to its own neighbourhood. It’s also a sensible fit for pragmatic buyers who prioritize a newer build (with likely fewer immediate repairs) over having a larger lot or the biggest house on the block.
Frequently Asked Questions
1. Is the assessed value a good indicator of the likely selling price?
The assessed value ($373k) is for municipal tax purposes and is not a market appraisal. It is significantly below the average assessed value on its street and in North Inkster Industrial, but closer to the city-wide average. A professional market evaluation is needed to determine current value.
2. How does the size of this home compare to others?
At 1,373 sqft, the living area is smaller than most comparable homes on its street and in the immediate area. However, it is actually slightly larger than the average Winnipeg home, making it a standard-sized property in the broader city context.
3. What does the sold price history show?
Records indicate it last sold between $350,000 and $400,000 in June 2021. For precise historical sold prices, you must request the information directly via the website’s email service, as exact MLS data is not publicly displayed.
4. The lot seems smaller than others. Is that a concern?
The lot is below average for the street and city-wide, but is around average for the North Inkster Industrial area. This typically means lower outdoor maintenance and could be a benefit for those not wanting extensive yard work.
5. The home was built in 2016. What does that mean for a buyer?
A 2016 build is considered modern, placing it among the top 6% newest homes city-wide. This generally suggests newer major systems (roof, HVAC, etc.) and contemporary building standards, potentially reducing the risk and cost of major near-term repairs.