Property Overview: 496 Castlebury Meadows Drive
Key Characteristics & Appeal
This home presents a compelling blend of modern build quality and above-average space within its context. Built in 2019, it is notably newer than most homes in Winnipeg, ranking in the top 4% city-wide for its year of construction. With 1,842 sqft of living area, it offers more interior space than approximately 75% of similar homes in its immediate North Inkster Industrial area, providing a sense of roominess that is above the local norm.
The property’s primary appeal lies in its strong positional value. Its assessed value of $595k places it consistently in the top 13-15% of its peer groups—from its own street to the entire city—indicating it is perceived as a premium offering in these markets. This suggests not just a desirable home, but a desirable location within these neighbourhoods.
It would suit buyers seeking a relatively modern home without venturing into brand-new construction, who value having more interior square footage than their neighbours. It’s also a fit for those who appreciate a property with a value assessment that stands out positively on its street and in the broader community, which can be a marker of stability and desirability.
Frequently Asked Questions
1. How does this home’s lot size compare?
The land area of 4,722 sqft is fairly typical for its specific street and slightly above average for the North Inkster Industrial area. It’s important to note that lot sizes city-wide are generally larger, so this property offers a more modern balance of efficient land use with generous interior space.
2. What does the "Elite" ranking for Year Built mean?
This indicates the home is among the newest in its comparison groups. On its own street (Castlebury Meadows Drive), it is ranked #1 out of 268 homes for being new, and city-wide it is in the top 4%. This typically translates to fewer immediate maintenance concerns and modern building standards.
3. The home sold in 2019. What is shown for the sold price?
The site shows a sold price range (CA$400k-$450k) from June 2019, as exact figures require a manual lookup. You can request the exact historical sold price by email from the site provider, as they do not display MLS records directly.
4. Is the assessed value the same as the market value?
Not necessarily. The assessed value of $595k is used for property tax purposes and is a strong indicator of how the municipality views the property relative to others. Market value (what a buyer might pay today) can be higher or lower based on current conditions, but its high percentile ranking suggests a solid tax-assessment foundation.
5. How does this property fit within its neighbourhood?
The data shows it is a standout property on its street and in the local area, particularly for value and living space. It is surrounded by similar, slightly older homes (mostly built around 2017-2018), meaning the neighbourhood has a consistent, modern character.