Property Overview
This home at 372 Castlebury Meadows Drive presents a specific value proposition within Winnipeg’s North Inkster Industrial area. Built in 2017, it is a relatively modern property with a manageable 1,400 sqft of living space. Its assessed value of $376k sits notably below the averages for its immediate street and neighborhood, yet aligns more closely with the broader city-wide average. The lot size is compact at 2,814 sqft, which is a consistent trend for the area.
The appeal here is grounded in value and modernity. You are acquiring a home that is newer than approximately 95% of properties across Winnipeg, which suggests lower immediate maintenance costs and modern building standards. However, this comes with less interior and yard space compared to many neighbors. It would suit first-time buyers or downsizers who prioritize a contemporary, low-maintenance home in a developed area over expansive square footage. It’s a practical choice for those comfortable with a efficient layout and a smaller outdoor area, offering a way to own a newer build at a price point that is competitive city-wide.
Frequently Asked Questions
1. Why is the assessed value lower than many neighbors?
The assessed value is influenced by the home's smaller living area and lot size compared to others on the same street and in North Inkster Industrial. While it's a newer home, these physical metrics are key factors in the assessment.
2. What does the "Elite" ranking for Year Built city-wide mean?
This indicates the home, built in 2017, is newer than about 95% of all residential properties in Winnipeg. It highlights a key advantage in terms of likely newer major systems (like roof, HVAC) and potentially modern layouts and codes.
3. Is the smaller lot size a major drawback?
It depends on your lifestyle. The yard requires less upkeep, which can be a benefit. However, it offers less private outdoor space for gardening, recreation, or future expansions like a large deck or addition, which is a trade-off for the newer home.
4. How reliable is the sold price data shown?
The site notes its sold price data is from public online sources, not the MLS, and is presented in ranges. For fully verified and exact historical sale figures, you must request a manual lookup from their team, as industry rules prevent displaying MLS records directly.
5. What is the neighborhood context of North Inkster Industrial?
The name suggests a mixed-use area. Prospective buyers should research the specific character of the streets, considering potential proximity to light industrial or commercial properties, which can influence ambiance and future value differently than a purely residential subdivision.