Property Overview: 347 Castlebury Meadows Drive
Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and relative value. Built in 2017, it is a notably newer property compared to the average Winnipeg home, suggesting fewer immediate maintenance concerns and contemporary building standards. With 1,491 sqft of living space, it offers a functional size that is very close to the city-wide average, making it a practical choice for small families, couples, or first-time buyers.
The primary appeal lies in its valuation. With an assessed value of $374,000, it sits significantly below the average for its immediate street and North Inkster Industrial area, yet is close to the city-wide average. This positions it as a potentially more affordable entry into a modern home within a newer development. The lot size of 2,786 sqft is compact, especially compared to neighbourhood and city averages, which translates to less yard maintenance—a plus for those seeking a lock-and-leave lifestyle or who prefer to spend less time on outdoor upkeep.
This property would best suit value-conscious buyers looking for a modern, low-maintenance home. It’s ideal for those who prioritize the condition and age of the home over having a large yard or being the largest house on the block. The data suggests it may offer a cost-effective way to own a relatively new build without the premium price tag often found in its immediate vicinity.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value of $374k is a municipal benchmark for taxation, market conditions ultimately determine sale price. It’s notable that this assessment is well below the local area averages, which could indicate room for market appreciation or simply reflect the home’s more compact lot size.
2. How does the smaller lot size impact living here?
The lot is significantly smaller than most in the neighbourhood. This means minimal yard maintenance, which is a benefit for busy owners. However, it also limits potential for expansions, large decks, or extensive landscaping, so it’s important to align with your lifestyle needs.
3. The home is newer, but what about the neighbourhood's overall age?
Built in 2017, the home itself is modern. The data shows the immediate street and area are also composed of similarly new homes (average year built ~2017-2018), indicating you’d be in a uniformly newer subdivision, not an older area with one recent build.
4. How does this home's value compare to its direct neighbours?
The provided nearby listings (e.g., 343, 351 Castlebury Meadows Dr.) are almost identical in age, size, and assessed value, suggesting a consistent character and price point for this specific street, which can provide stability.
5. Where can I get verified historical sale price data for this property?
The page notes that exact sold prices are not displayed publicly due to industry rules. You must request this information directly via the email link provided on the detail page for a manual lookup of the full transaction history.