Property Overview: 167 Castlebury Meadows Drive
This home presents a compelling opportunity in Winnipeg’s North Inkster Industrial area, distinguished by its strong performance across key metrics compared to local and city-wide benchmarks. Built in 2017, it is a modern property that stands out for its generous proportions and above-average valuation.
Key Characteristics & Appeal
The primary appeal of this property lies in its significant size and modern age within its immediate context. With 2,213 sqft of living space, it ranks in the top 7% on its own street and the top 5% within the North Inkster Industrial area, offering substantially more room than local averages. The lot size of 5,483 sqft is also notably larger than most in the neighbourhood, providing ample outdoor space. As a 2017 build, it is a relatively new home in a city where the average home is decades older, potentially reducing immediate renovation needs.
Its assessed value of $621k consistently places it in the top 7% across all comparison levels—street, area, and city-wide. This indicates a recognized premium valuation, likely driven by the combination of size, age, and location. The data suggests a property that is a standout in its specific neighbourhood, offering modern living in a well-established area.
This home would best suit buyers looking for a spacious, turn-key property without venturing into brand-new subdivisions. It’s ideal for those who prioritize interior square footage and a newer build over a massive city-sized lot, and for buyers who see value in a home that already holds a strong, above-average position in its market.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $621k is for municipal tax purposes and is a strong indicator of the property’s benchmarked worth. It consistently ranks in the top 7% of comparable homes at every level, suggesting a market value that is significantly above average for the area. However, the final sale price will be determined by current market conditions.
2. The home sold in 2017. What does that history tell us?
It was last sold when brand new, within the $400k-$450k range. This history confirms the original purchase as a new build and provides a baseline for its appreciation over the past nine years, which appears substantial based on the current assessed value.
3. Is the lot size a pro or a con?
This depends on your priorities. The lot is over 5,400 sqft, which is larger than most in the immediate area and neighbourhood, offering great private outdoor space. It is, however, slightly smaller than the city-wide average lot. The appeal is that you get a generously sized yard for the area without the maintenance of an exceptionally large city lot.
4. What does the "North Inkster Industrial" area imply?
This is the official community name. It typically indicates a mature area with a mix of residential and light industrial/commercial uses. Buyers should research the specific street and surroundings to understand the character, amenities, and any nearby commercial activity to ensure it fits their lifestyle.
5. How can I verify the exact past sale prices?
The site notes that due to data source rules, exact MLS sale figures are not displayed publicly. They offer a manual lookup service where you can request the full transaction history via email to get verified, precise figures directly.