680 Castlebury Meadows Drive

Property Summary: 680 Castlebury Meadows Drive

Key Characteristics & Buyer Profile

This 2017-built home in North Inkster Industrial presents a distinct value proposition centered on land and modern construction. Its key characteristic is a generous 7,148 sqft lot, which ranks in the top 7% for size within the local area, offering significant outdoor space and potential. The home itself, at 1,226 sqft of living area, is more compact than most immediate neighbors but is on par with the Winnipeg citywide average. With an assessed value of $550,000, it sits above the citywide average, reflecting its newer build year and premium lot size.

The primary appeal lies in securing a modern, low-maintenance home on a much larger-than-average lot for a newer subdivision—a combination that can be rare. It suits buyers who prioritize outdoor space for gardening, recreation, or future expansion over a larger interior footprint. It would also appeal to value-conscious purchasers looking for a home with newer systems and finishes, thereby minimizing immediate repair costs, within a budget that commands more land. A thoughtful perspective is that while the interior space is modest for the street, the property's citywide "Elite" ranking for its age suggests it is a relatively contemporary asset in Winnipeg's broader, older housing stock.

Frequently Asked Questions

1. Is the house too small for the price?
The assessed value is driven significantly by the large lot and the 2017 build year. You are allocating a notable portion of your budget to the land and the modern construction, rather than interior square footage. It's a trade-off that depends on your need for indoor versus outdoor space.

2. How does the lot size benefit me?
Beyond privacy and space for activities, a large lot in a newer area is a long-term asset. It provides room for additions like a shed, deck, or garage, and typically holds appeal for future resale in a market where larger lots are becoming less common.

3. What does "below average" living area for the street mean?
Most homes on Castlebury Meadows Drive are larger, averaging about 1,661 sqft. This home offers a more efficient layout. It's important to review the floor plan to see if the space is well-organized to meet your needs despite the smaller size.

4. Why is the assessed value above the city average?
The assessed value of $550,000 ranks in the top 13% citywide. This is due to the combination of a very new home (top 5% citywide by age) and the substantial lot size, both of which are premium features compared to Winnipeg's overall housing inventory, which includes many older homes on smaller lots.

5. Can I find out the exact historical sale price?
The listing service provides a sold price range from 2017. For fully verified and exact sale history figures, you must request a manual lookup from the site via email, as they do not display MLS sold records directly.