Property Overview: 396 Castlebury Meadows Drive
Section 1: Key Characteristics & Appeal
This home, built in 2017, offers a modern living space in Winnipeg's North Inkster Industrial area. Its key appeal lies in its balance of contemporary construction and efficient design. At 1,533 sqft, the living space is notably above the city-wide average, providing comfortable room for daily life without excessive upkeep. The assessed value of $412k sits below the local area averages, suggesting a potentially accessible entry point into a newer home.
The property’s standout characteristic is its age; being only 9 years old city-wide places it in the top 5% of homes, meaning major systems like roofing, HVAC, and windows are likely in good condition, offering peace of mind and lower near-term maintenance costs. However, the lot size is compact at 2,814 sqft, which is below average for the street, area, and city. This translates to less yard maintenance—a perk for busy professionals or those seeking a lock-and-leave lifestyle—but less private outdoor space.
This home would best suit first-time buyers or downsizers looking for a modern, move-in-ready property without the premium price tag of a brand-new build. It’s also a practical fit for value-conscious buyers who prioritize interior space and newer infrastructure over a large yard.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($412k) is for municipal tax purposes. Notably, it's below the average for both the immediate street and the North Inkster Industrial area, where comparable homes average around $485k-$499k. This discrepancy suggests the property might be positioned competitively, but the final sale price will be determined by current market conditions.
2. What does the "Elite" ranking for the year built actually mean?
This means the home, built in 2017, is newer than approximately 95% of all homes across Winnipeg. For a buyer, this significantly reduces the statistical likelihood of immediate, costly repairs associated with older homes, such as replacing a roof or furnace.
3. The lot size is ranked "below average." How significant is this?
The lot is smaller than most in the city. For some, this is a drawback for gardening or privacy. For others, it's a benefit: lower landscaping costs, less time spent on yard work, and often a more affordable property tax assessment than a similar home on a larger lot.
4. How does this home compare to its immediate neighbors?
The data shows it's very similar to nearby homes on Castlebury Meadows Drive, which were largely built around the same time (2017 average). Its living area is slightly below the street average, while its assessed value is also lower. This indicates a consistent, modern streetscape but with some variation in home size and value.
5. Can I see the exact historical sale price?
The listing indicates the home sold in December 2020 for between $350,000 and $400,000. To obtain the exact sale price and full transaction history, you must request it directly from the listing service via email, as this data is not publicly displayed in detail due to industry regulations.