Property Overview: 319 Castlebury Meadows Drive
Key Characteristics & Appeal
This 1,398 sqft home, built in 2016, presents a specific value proposition rooted in its comparative positioning. Its assessed value of $392k sits notably below the averages for its immediate street and North Inkster Industrial area, yet aligns closely with the city-wide average. This suggests a more affordable entry point into a modern, 10-year-old home within this neighbourhood.
The appeal lies in this balance of relative affordability and contemporary build. While the living space and lot size (2,786 sqft) are compact compared to nearby homes, they are close to the Winnipeg average, offering efficient, low-maintenance living. The home’s age is a standout feature city-wide, ranking in the top 6%, meaning it likely requires fewer immediate updates than most Winnipeg properties.
This property would suit first-time buyers or downsizers seeking a modern home without a premium price tag for location or lot size. It’s for practical buyers who prioritize a newer build and lower property taxes (reflected in the assessment) over expansive square footage or a large yard. It may also attract investors looking for a relatively new asset with a stable assessment in a developed area.
Frequently Asked Questions
1. Is this a good value compared to neighbours?
Based on assessed value, this home is priced below the average for both Castlebury Meadows Drive and the wider North Inkster Industrial area. This indicates a potentially lower purchase price and property taxes than many nearby homes, though the living area and lot size are also smaller.
2. What does the lot size mean for me?
At 2,786 sqft, the lot is compact. It’s suitable for a low-maintenance yard but offers limited space for expansions like a large deck, pool, or future addition. This is a trade-off for the lower maintenance and cost.
3. How does its age affect its condition?
Built in 2016, the home is significantly newer than the Winnipeg average (1966). This typically means major components like the roof, HVAC, and windows are further from needing replacement, a key advantage over many older city homes.
4. Why is the city-wide ranking for living area higher than the local one?
While the home feels smaller compared to others in its immediate area (ranking in the bottom 18% on its street), its size is actually near the middle of the pack across all of Winnipeg. This highlights that homes in this specific neighbourhood tend to be larger than the city norm.
5. Can I get the exact historical sale price?
The listed sold price is a range from 2016. Due to data display rules, exact sold prices and full transaction history are not published online. You can request this information directly via email from the site, and they will provide the verified figures manually.