Property Overview & Key Characteristics
This two-storey home at 158 Castlebury Meadows Drive is a modern, low-maintenance property built in 2016. Its key appeal lies in its balance of being a relatively newer build with a fully renovated basement, offering move-in-ready space. The home sits on a generous 4,410 sqft lot and features an attached garage and 1,567 sqft of living area.
Its value is underscored by strong rankings within its immediate context. It scores in the top third of Winnipeg for being a newer build and has an assessed value in the top 12% citywide, suggesting a solid foundation of municipal valuation. Within the neighbourhood and street, it presents as a competitively sized, above-average offering without being an outlier.
This property would suit first-time buyers or young families looking for a modern home in North Inkster Industrial without the wait of new construction. It also appeals to value-focused buyers who prioritize a renovated basement for extra living space or rental potential and appreciate a home that holds its own in key metrics compared to its peers.
Frequently Asked Questions
1. How does the renovated basement add value?
Beyond extra living space, a finished basement in a newer home like this provides immediate utility without a major project. It can serve as a recreational area, home office, or a separate suite, enhancing the home’s functionality from day one.
2. Is the property in a developing area?
The provided data shows several nearby properties were built in 2022 and 2023, indicating this street and neighbourhood are among the newer sections of Winnipeg, which often means modern infrastructure and similar-aged homes.
3. What do the "top percentile" rankings mean for me?
These rankings position this home against its direct competitors. For example, ranking in the top 33% in Winnipeg for assessed value doesn't just mean it's valued highly; it suggests the property is considered a more substantial asset than most in the city, which can be a factor in long-term equity.
4. The lot is large, but what about the living space?
At 1,567 sqft, the living area is very close to the median for the street and neighbourhood. This indicates the home offers standard interior space for the area, but the larger lot provides valuable outdoor space and potential that some newer, denser developments lack.
5. How does this home compare to others on the same street?
The data shows similar homes on Castlebury Meadows Drive with comparable assessed values and living areas. This home distinguishes itself with its renovated basement and a build year that is newer than about three-quarters of the houses on the street, offering a slight edge in modernity.