Property Summary: 475 Castlebury Meadows Drive, Winnipeg
Key Characteristics & Appeal
This home presents a practical value proposition centered on its modern build and efficient use of space. Built in 2017, it is a relatively new property, ranking in the top 5% city-wide for age, which suggests lower immediate maintenance costs and modern building standards. With 1,511 sqft of living area, it offers above-average interior space compared to the Winnipeg average, suitable for a small family or those seeking room to grow.
The primary appeal lies in its value positioning. The assessed value of $389k is notably below the average for its immediate street and North Inkster Industrial area, yet it aligns closely with the city-wide average. This indicates you may be getting a newer, adequately sized home at a more accessible price point within its own neighbourhood. The trade-off is a smaller land area (2,951 sqft), which means less outdoor space but also less yard maintenance.
This property would best suit first-time buyers or practical-minded owners who prioritize a modern, move-in-ready home with comfortable interior space over a large lot. It’s also a sensible option for those looking at the North Inkster Industrial area but seeking a value entry compared to neighbouring properties.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($389k) is for municipal tax purposes. Notably, it's below the local area averages. Recent sold prices on the street (last sold in 2021 for an estimated $400k-$450k) suggest market value could be higher, but a professional appraisal or market analysis is needed for accuracy.
2. What are the implications of the smaller lot size?
At 2,951 sqft, the lot is compact. This typically means lower maintenance and potentially lower property taxes, but offers limited space for expansions, large gardens, or extensive outdoor recreation. It aligns with a low-maintenance lifestyle.
3. How does the age of this home (2017) benefit a buyer?
A 9-year-old home is considered modern. Buyers can reasonably expect major components (roof, HVAC, appliances) to be in good condition, potentially deferring major replacement costs for several years, which is a significant financial advantage.
4. The data shows the home is "below average" for value in its area. Is this a bad sign?
Not necessarily. This statistical position primarily highlights that many nearby homes have higher assessed values. Given that this home is newer and offers good living space, its lower assessment could represent a value opportunity within the neighbourhood, all else being equal.
5. Where can I get verified historical sale price data for this property?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service; you can request the exact sale history by email, and they will provide it directly without using your email for marketing.