Property Overview: 507 Castlebury Meadows Drive
Key Characteristics & Appeal
This home, built in 2017, offers modern living in Winnipeg's North Inkster Industrial area. With 1,631 sqft of living space, it provides ample room for a family and ranks above average in size compared to the wider city. Its assessed value of $515k follows a similar pattern—positioned around the middle for its immediate street and neighborhood, but within the top 17% citywide, suggesting a solid investment in a newer property relative to Winnipeg's older housing stock.
The appeal lies in its balance and modernity. You get a contemporary home that’s less than a decade old, which means likely fewer major maintenance concerns compared to the city's average home built in 1966. The lot size of 4,252 sqft is fairly standard for the area, offering manageable outdoor space without excessive upkeep.
This property would suit practical buyers looking for a turn-key, modern home who value being part of a newer development cluster. It’s ideal for those who want space and recent construction without venturing into the premium price tier of their immediate area. The data suggests it’s a strong contender for city-wide value, offering more modern square footage for the dollar than many older Winnipeg neighborhoods.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
Its assessed value is very close to the average for both Castlebury Meadows Drive and the broader North Inkster Industrial area, indicating it is priced consistently with its direct peers.
2. What are the advantages of a 2017 build year?
A home built in 2017 is relatively new, potentially meaning updated building codes, more efficient insulation and windows, and less immediate need for costly replacements of major components like the roof or HVAC system.
3. Is the lot size typical?
Yes. The land area is standard for this specific neighborhood and street, though it is smaller than the city-wide average lot. This points to a more modern, efficient use of space rather than expansive yards.
4. The city-wide rankings seem high. What does that mean?
While the home is average for its newer neighborhood, it ranks in the top 24% for size and top 17% for value citywide. This highlights that you are buying into a newer, above-average segment of Winnipeg’s total housing market, which is predominantly older.
5. Where can I find verified historical sale data?
The provided sold price from 2017 is a range from public data. For a complete and exact transaction history, you must request a manual lookup from the site via email, as they do not display MLS sold records.