Property Overview: 251 Castlebury Meadows Drive
Key Characteristics & Appeal
This home presents a compelling value proposition centered on modern efficiency and relative affordability. Built in 2017, it is a notably newer home compared to the Winnipeg average, offering contemporary construction and likely lower near-term maintenance. With 1,533 sqft of living space, it provides above-average roominess for the city, yet sits on a modest, manageable lot.
Its primary appeal lies in the balance between its modern age, functional size, and its assessed value of $388k, which is below average for its immediate street and neighborhood. This suggests a potential entry point into a newer-built home without the premium price tag often associated with such properties in the area. It suits first-time buyers or downsizers seeking a modern, low-maintenance home without a sprawling yard, and value-conscious buyers who prioritize the condition and age of a home over lot size.
A less obvious perspective is its "in-between" standing: while its value is low for the street, its size is competitive city-wide. This indicates you may be acquiring more modern interior space per dollar here than in many older city neighborhoods, albeit with a smaller yard.
Frequently Asked Questions
1. Why is the assessed value below the neighborhood average?
While newer than most city homes, this property's assessed value ranks below average for its specific street and the North Inkster Industrial area. This can be due to a variety of factors, including its specific lot characteristics, interior finishes, or the precise market valuations used in assessment.
2. How does the lot size impact usability?
At 3,887 sqft, the lot is smaller than the Winnipeg average. This means lower yard maintenance but may limit expansion possibilities like large decks or additions. It's well-suited for those preferring indoor living space over extensive outdoor areas.
3. What does the sale history of the home indicate?
Public records show the home was previously sold in late 2016, likely near its completion. The sold price range at that time falls significantly below current assessed value, reflecting typical market appreciation over the past near-decade.
4. Is the "North Inkster Industrial" area primarily industrial?
The name is a formal planning designation. The property is located on a residential street (Castlebury Meadows Drive) among other single-family homes, not within an industrial park.
5. How can I verify the exact historical sale prices?
The provided sold price is a broad range from public data. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records due to industry regulations.