Property Overview: 535 Castlebury Meadows Drive
This home presents a compelling opportunity in Winnipeg's North Inkster Industrial area, defined by its strong standing in key metrics compared to its peers. Built in 2017, it is a relatively modern property in a city where the average home is significantly older. With 2,091 sqft of living space, it offers substantially more room than the typical Winnipeg home. Its assessed value of $612,000 places it well above average for the city, the broader area, and its own street, indicating a premium valuation. The lot size of 4,725 sqft is generous for its immediate neighborhood, though closer to the citywide average.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of space, modernity, and established value. It is a home that outperforms most comparables in its category, offering the benefits of a newer build (potentially meaning fewer immediate repairs and modern fittings) with above-average square footage. Its appeal is nuanced: while it sits in a neighborhood where it ranks highly for lot size, it offers a more urban-sized yard compared to the larger citywide average, which could mean less maintenance. The data suggests it suits buyers looking for a move-in ready, spacious home who prioritize interior space over a very large lot. It would particularly resonate with value-conscious buyers who appreciate concrete metrics—seeing that the home ranks in the top 10-14% of its street and area for both size and value offers a grounded sense of its market position. The historical sale in 2017 for an estimated $400k-$450k provides a benchmark for its appreciation.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $612,000 is for municipal tax purposes and is a strong indicator of market value, but not a guaranteed sale price. It shows the home is valued significantly higher than most in Winnipeg. A professional appraisal and current market conditions will determine the final price.
2. What does the "Top X%" ranking actually mean for me?
These rankings directly compare this home to specific groups of "comparable homes." For example, being in the top 10% for living area in its district means 90% of similar local homes are smaller. It's a data-driven way to confirm the home's standout features within its peer group.
3. The home sold in 2017. What can that tell us?
The prior sale price (estimated $400k-$450k) gives context for its appreciation over nine years. This history can be useful, but the current assessed value and rankings reflect its substantial growth and present-day valuation.
4. Is the lot size a pro or a con?
It depends on your priorities. The lot is larger than most on its street and in North Inkster Industrial, offering good outdoor space for the area. However, it is smaller than the citywide average lot. This typically translates to less yard maintenance—a plus for some, a drawback for others seeking vast outdoor space.
5. How can I get the exact historical sale price?
The provided data is from public sources and shown in a range. As noted, exact MLS sale figures are not displayed due to industry rules. You can request the precise sale history by emailing the site directly for a manual lookup.