Property Overview: 668 Castlebury Meadows Drive
This home presents a balanced offering in Winnipeg’s North Inkster Industrial area, built in 2017. Its appeal lies in a combination of modern construction and above-average land size. With 1,615 sqft of living space, the interior is slightly below the immediate street average but remains larger than the typical Winnipeg home. The assessed value of $557k positions it above average for the wider city and local area, reflecting its relative standing.
The standout feature is the 7,148 sqft lot, which is significantly larger than most plots on the same street and in the neighbourhood, offering ample outdoor space. This property would suit buyers looking for a relatively modern home (ranking in the top 5% city-wide for age) who prioritize yard size over maximizing interior square footage. It’s a practical choice for those wanting room for gardening, play, or future additions, set in a consistent, newer-built community.
Frequently Asked Questions
How does the home’s size compare to others?
At 1,615 sqft, the living area is slightly below the average for Castlebury Meadows Drive but is above the city-wide average for Winnipeg. It offers a comfortable size for a small family or couple.
Why is the assessed value higher than some area averages?
The assessed value of $557k is above the averages for both the wider city and the North Inkster Industrial area. This is likely influenced by the home’s newer age (2017) and its substantially larger lot size compared to immediate neighbours.
What is the significance of the lot size?
The 7,148 sqft lot is a key asset. It ranks in the top 6% on its own street, meaning it offers more outdoor space than most homes in the direct vicinity, which is a less common find in newer subdivisions.
What do the sold price ranges indicate?
The home sold in May 2023 for an estimated $600k-$650k. This range placed it in the top 9-12% of sold prices for the area at that time, suggesting strong market interest, likely driven by the lot size and home age.
How does the property’s age impact its value?
Built in 2017, the home is considered modern, ranking in the elite top 5% city-wide for newer construction. This typically means fewer immediate repair concerns and more contemporary building standards compared to Winnipeg’s older housing stock.