392 Castlebury Meadows Drive

Property Overview: 392 Castlebury Meadows Drive

Key Characteristics & Appeal

This 1,512 sqft home, built in 2017, presents a modern living space within Winnipeg's North Inkster Industrial area. Its primary appeal lies in its balance of contemporary construction and relative value. The home is notably newer than most in the city (ranking in the top 5% city-wide for year built), which suggests updated building standards and less immediate need for major repairs. However, the lot size is compact at 2,814 sqft, ranking below average for the street, area, and city. This indicates a lower-maintenance yard, which is a trade-off for less private outdoor space.

The assessed value of $413k sits below the local area averages, potentially offering an entry point into a modern home. The living space is above the city-wide average but slightly smaller than immediate neighbours, creating an efficient floor plan. This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without a premium for a large yard. It’s a practical choice for those who prioritize the condition and age of the home itself over land size.

Frequently Asked Questions

1. How does the lot size impact daily living?
The lot is significantly smaller than typical for Winnipeg. This means minimal yard maintenance but also limited potential for expansions like large decks, sheds, or gardening space. It may feel cozy for those who enjoy extensive outdoor living.

2. The assessed value is below area averages. Is this a red flag?
Not necessarily. The assessment is in line with the home's specific characteristics—namely, its smaller lot and living area compared to some direct neighbours. It may reflect a fair valuation rather than an underlying issue, but it underscores the importance of a professional inspection.

3. What are the implications of the home being in the top 5% city-wide for age?
This is a strong positive, suggesting newer major components (roof, HVAC, windows) that are less likely to require near-term replacement. It also implies modern insulation and energy efficiency standards, which can reduce utility costs.

4. Are there any visible sales history or recent listings for this property?
According to the provided data, no sales history is displayed for this listing. Exact historical price figures can be requested directly from the site via email for a manual lookup.

5. What should I consider about the "North Inkster Industrial" neighbourhood?
The name indicates a mixed-use area. Prospective buyers should research the specific balance of residential and industrial properties, considering factors like typical traffic patterns, noise levels, and the general character of the immediate streets around Castlebury Meadows Drive.