Property Overview: 693 Castlebury Meadows Drive
Key Characteristics & Appeal
This 2017-built home in North Inkster Industrial stands out for its generous proportions, offering 2,190 sqft of living space on a notably large 9,065 sqft lot. The data consistently places it above average in its immediate area and city-wide, but its most distinctive feature is the land size, ranking in the top 1% on its street and in the neighbourhood. This combination of a modern, spacious home on a lot double the local average creates a unique value proposition.
The appeal lies in this balance of space and modernity. Buyers get a relatively new construction that requires less immediate upkeep, paired with substantial outdoor space rare for newer subdivisions. It suits buyers looking for room to grow, entertain, or simply enjoy private outdoor space without moving to a rural area. It would particularly fit a family seeking a modern layout indoors and ample yard space for children or gardening, or a buyer who values long-term potential, as the large lot is a finite resource in a developing city. The assessed value of $619k is consistently in the top 7% across all comparison levels, suggesting a premium, well-regarded property.
Frequently Asked Questions
1. How does the large lot size impact property costs?
While providing excellent private space, a lot of this size can mean higher property taxes relative to nearby homes with smaller footprints, and potentially higher maintenance or landscaping costs.
2. The home sold in 2017. Is more recent sales history available?
The provided public data shows the 2017 sale. For fully verified, exact sold prices and a complete transaction history, you must request a manual lookup from the site via email, as they do not display MLS records.
3. The neighbourhood is called "North Inkster Industrial." Is this an industrial area?
The name reflects a broader area designation. The property is located on a residential street (Castlebury Meadows Drive) among other single-family homes, not within an industrial zone.
4. How does the assessed value relate to the expected market price?
The assessed value of $619k is for municipal tax purposes and is a strong indicator of the property's standing, consistently ranking in the top 7% of comparisons. Market price is determined by current buyer demand, but this assessment suggests a high-value property relative to peers.
5. What does the "Elite" ranking for Year Built city-wide mean?
Compared to Winnipeg's overall housing stock, which has an average build year around 1966, a 2017-built home is in the top 5% for newness. This highlights a key advantage: modern construction standards, materials, and systems compared to the typical older Winnipeg home.