291 Castlebury Meadows Drive

Property Overview

This home at 291 Castlebury Meadows Drive presents a specific value proposition within Winnipeg’s North Inkster Industrial area. Built in 2016, it’s a relatively modern home with 1,513 square feet of living space. The data reveals a home that sits in contrasting positions depending on the scale of comparison. Its assessed value of $373k is notably below average for its immediate street and neighborhood, yet it aligns closely with the citywide average. Similarly, while the lot size is compact relative to nearby properties, the living space is above average when compared to the entire city’s housing stock. This creates an interesting dynamic of a newer, efficiently sized home in a community where larger lots and higher valuations are more common.

Key Characteristics & Appeal

The primary appeal of this property is its modern build year and efficient use of space, offering a move-in-ready home that requires less immediate upkeep than an older property. Its value is its most compelling characteristic: it is priced significantly below the average for its own street and neighborhood, suggesting a potential entry point into a well-established area. This isn't a sprawling estate home; it’s a practical, contemporary house on a manageable lot.

This profile would suit first-time buyers or downsizers seeking a newer construction home without the premium price tag often found in newer subdivisions. It’s also a sensible fit for value-conscious buyers who prioritize modern systems and interior space over a large yard, especially those looking for a home that stands out favorably in citywide comparisons for size and age.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighborhood average?
While the exact reasons aren't specified, a below-average assessed value compared to immediate neighbors can stem from several factors, including the home’s specific lot size, its interior condition or finishes, or the precise timing of its last assessment. It indicates a potentially lower property tax base and a different value proposition compared to houses on the same block.

2. Is the living space sufficient for a family?
At 1,513 sq ft, the living area is above the citywide average and is comparable to many typical family homes. It is, however, slightly below the average for the immediate area. The suitability depends on your family's size and needs, but it represents an efficient, modern floor plan.

3. What does "below average" lot size mean for me?
The lot is 2,787 sq ft, which is smaller than most in the neighborhood and significantly smaller than the Winnipeg average. This means lower maintenance for gardening and yard work, but also less private outdoor space. It’s a trade-off that appeals to those seeking a simpler exterior upkeep routine.

4. How reliable is the sold price data from 2016?
The listed sold price range (CA$250k–300k) is from July 2016 and is based on publicly available data, not the MLS. The site notes that while reasonably reliable, it has had limited verification. For fully verified historical figures, you must request a manual lookup from the site via email.

5. The home is newer than most in Winnipeg, but what about its street?
Built in 2016, this home is actually slightly older than the average on its own street (avg. 2017) and in North Inkster Industrial (avg. 2018). So, while it is a modern home in the context of the entire city, it fits right in with the construction period of its direct community, which is largely composed of homes built in the late 2010s.