Property Overview: 368 Castlebury Meadows Drive
Key Characteristics & Appeal
This 2017-built home in North Inkster Industrial offers a modern, low-maintenance living space of 1,492 sqft on a compact 2,814 sqft lot. Its core appeal lies in a compelling value proposition: the home has a city-average assessed value of $381k, yet it stands out as a notably newer construction compared to most of Winnipeg’s housing stock. In fact, its age places it in the top 5% city-wide, suggesting modern building standards, systems, and likely less immediate need for major updates.
The property’s characteristics paint a picture of efficient use of space. While the living area and lot size are below the averages for its immediate street and neighborhood, they are closer to the city-wide norm. This positions the home as a practical option for those who prioritize a newer build and interior space over extensive outdoor land. It would suit first-time buyers or downsizers seeking a modern home without a premium price tag, or investors attracted by the combination of recent construction and a manageable assessment value in an industrial-adjacent area that may offer affordability.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $381k is for municipal tax purposes. While it provides a benchmark, market conditions, property condition, and buyer demand will ultimately determine the sale price. It’s notable that this assessment is below the current average for both the street and the neighborhood.
2. What are the implications of the smaller lot size?
The lot is significantly smaller than most in the area. This typically means lower exterior maintenance and potentially lower property taxes, but also limited private outdoor space for gardening, play, or expansions. It’s a trade-off that favors simplicity and efficiency over yard size.
3. The home is in an "Industrial" area. What should I consider?
The North Inkster Industrial designation may influence the surrounding environment, such as traffic patterns, noise levels, and the types of adjacent businesses. It’s advisable to visit at different times of day and week to gauge this personally. This often contributes to more affordable pricing.
4. How does the age of this home (2017) benefit a buyer?
A nine-year-old home is relatively new. Buyers can generally expect newer major components (roof, HVAC, appliances, windows) that should be in good condition, potentially deferring major repair costs for years. It also likely meets more recent building codes.
5. The data shows it sold in 2017. What can that tell me?
The prior sale price (listed in a range between $250k-$300k) reflects its original purchase price as a new build. Comparing that to the current assessed value can give a rough sense of historical appreciation, though market dynamics have changed since then. For exact historical sold prices, you must request the data directly from the site.