471 Castlebury Meadows Drive

Property Overview: 471 Castlebury Meadows Drive

Key Characteristics & Appeal

This home presents a practical and modern living option in Winnipeg's North Inkster Industrial area. Built in 2017, its key appeal lies in its contemporary age, which places it among the newer 5% of homes citywide. With 1,533 sqft of living space, it offers above-average interior room compared to the typical Winnipeg home, suitable for a small family or those seeking spaciousness without excessive upkeep.

The assessed value of $410k sits notably below the local area averages for comparable homes, suggesting a potentially efficient entry point into a modern property. A thoughtful perspective is the trade-off present: while the home is newer and efficiently sized inside, the lot is compact (2,951 sqft), which means lower exterior maintenance but less private outdoor space. This combination suits first-time buyers or downsizers who prioritize a modern, low-maintenance interior and newer building systems over a large yard. It also appeals to value-conscious buyers looking for a relatively new build that is priced below its immediate neighbourhood peers.

Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The home’s $410k assessed value is below the average for both its immediate street ($498.8k) and the wider North Inkster Industrial area ($484.4k). This could indicate a value opportunity, but it’s essential to understand the specific reasons, which may relate to its smaller lot size or interior finishes.

2. Is the living space sufficient for a family?
At 1,533 sqft, the living area is above the city-wide average and is comparable to many homes in the local area. It typically provides enough space for a small to medium-sized family, offering more interior room than many older Winnipeg homes.

3. What are the implications of the smaller lot size?
The lot of 2,951 sqft is smaller than most on its street and significantly smaller than the Winnipeg average. This means less yard maintenance and lower potential landscaping costs, but also limited private outdoor space for gardening, play, or expansions.

4. How does the year built affect this property?
Constructed in 2017, the home is modern and likely requires minimal immediate major repairs. Compared to the city’s average home built in 1966, it should have newer roofing, HVAC, windows, and building materials, potentially reducing near-term capital costs.

5. Where can I get verified historical sale price data?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact sale history and figures via email from the provider, who will perform a manual lookup and send the information directly to you.