Property Overview: 308 Castlebury Meadows Drive
Key Characteristics & Appeal
This home at 308 Castlebury Meadows Drive is a modern, compact property built in 2016. Its key characteristic is its efficient size, with 1,088 sqft of living space on a 3,196 sqft lot. The appeal lies in its contemporary age within a city-wide context—it's notably newer than the average Winnipeg home—and its city-average assessed value of approximately $393k, which suggests a manageable entry point into a modern build.
The property suits first-time buyers or downsizers seeking a low-maintenance, newer home without a premium price tag. Its smaller scale may also appeal to investors looking for a relatively modern rental property. A thoughtful perspective is that while the home is smaller than most on its street and in the immediate North Inkster Industrial area, this translates to proportionally lower property taxes and utility costs, offering value through efficiency rather than square footage. Its "around average" valuation city-wide indicates it's priced in line with the broader market, providing stability.
Frequently Asked Questions
1. How does the size of this home compare to others?
This home is more compact than most in its immediate neighbourhood and on its street, but it is very close to the average living area for a home across the entire City of Winnipeg.
2. Is the assessed value a good indicator of the selling price?
The assessed value is for municipal tax purposes. Notably, the last recorded sale in May 2023 was in the $450k-$500k range, which was higher than both the current assessed value and the local average at that time, suggesting the market may value it above its official assessment.
3. What are the benefits of a home built in 2016?
A 2016 build means major components like the roof, furnace, and windows are likely still within their expected lifespan, potentially reducing near-term repair costs. It also implies modern building codes and energy efficiency standards.
4. Why is the lot size ranked differently across comparisons?
The lot is smaller than the Winnipeg city average but is more in line with the typical lot size for the North Inkster Industrial area. This reflects the more suburban lot sizes common in this specific neighbourhood.
5. How can I find out the exact past sale prices?
The website provides sold price ranges for context. To obtain verified, exact sale figures and a full history, you must request a manual lookup via email, as this data is not sourced from the MLS system.