Property Overview
This home at 202 Castlebury Meadows Drive presents a specific value proposition within Winnipeg's North Inkster Industrial area. Built in 2017, it is a relatively modern property with an assessed value of $517,000. The data reveals a home that is compact in size but sits on a standard city lot, offering a distinct mix of characteristics that will appeal to certain buyers more than others.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern age and its position as a value-holder citywide. While its 1,226 sqft living area is notably smaller than most direct neighbours (ranking in the bottom 10% on its street), its 2017 build date is newer than 84% of homes on Castlebury Meadows Drive and places it in the elite top 5% citywide for age. This suggests a home likely requiring fewer immediate major repairs or updates compared to Winnipeg's older housing stock.
The assessed value tells an interesting story: it is above average citywide (top 17%), but average for both the immediate area and street. This indicates you are paying a premium for the modern build and potentially the neighbourhood, but not an outlier premium for the specific street. The lot size of 4,409 sqft is typical for the local area.
This profile suits practical, value-conscious buyers who prioritize a modern build and efficient layout over sheer square footage. It would fit a small family, a couple, or a professional who appreciates newer construction (like updated building codes, materials, and systems) and is willing to trade larger room sizes for lower maintenance. It is less suited for those needing ample space or who place a higher priority on a large yard.
Frequently Asked Questions
1. Is the living area small for the neighbourhood?
Yes. At 1,226 sqft, the home's living space is below the average for both its immediate street (1,661 sqft avg) and the North Inkster Industrial area (1,635 sqft avg).
2. What does the "above average" citywide assessed value mean?
It means that compared to all homes in Winnipeg, this property's $517,000 assessment is in the top 17%. This is largely driven by its 2017 build date, as the citywide average comparison home was built in 1966.
3. How does the lot size compare?
The 4,409 sqft lot is very standard for the local area, matching the neighbourhood average. However, it is smaller than the overall Winnipeg average lot of 6,570 sqft.
4. What can the 2017 sale price tell me?
The home sold for an estimated $300k–$350k in late 2017. This historical price is most useful for understanding the original purchase price and the general appreciation trajectory over the past seven years, rather than determining current market value.
5. Are there other similar homes on the street?
Yes. The listing references nearby homes on Castlebury Meadows Drive built in 2016-2017, though they tend to be larger in living area (approx. 1,500-1,600 sqft) and have a range of assessed values, providing useful direct comparisons.