Property Overview: 219 Castlebury Meadows Drive
Key Characteristics, Appeal & Ideal Buyer
This home, built in 2016, presents a specific value proposition defined by its comparative metrics. Its key characteristic is its modern age within a city where the average home is significantly older, offering contemporary construction without the premium often associated with new builds in newer suburbs. The 1,372 sqft living area is compact relative to its immediate street and neighborhood, but is very close to the Winnipeg-wide average, suggesting an efficient, manageable layout.
The primary appeal lies in its assessed value of $374k, which sits notably below the averages for its own street ($498.8k) and the North Inkster Industrial area ($484.4k). This indicates a potentially lower property tax burden and an entry point into a modern home in this locale. The lot size of 3,115 sqft is smaller than typical city lots, which translates to less exterior maintenance—a perk for some, though a limitation for others.
This property would suit first-time buyers or downsizers seeking a relatively new, low-maintenance home who are budget-conscious regarding both purchase price and ongoing taxes. It’s also a pragmatic fit for investors or buyers who prioritize the condition and age of the structure over expansive indoor and outdoor space. A less obvious perspective is that its "below-average" metrics for the immediate area could represent a value-preservation floor; it has less distance to fall in a softening market than the higher-assessed homes surrounding it.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbors on the same street?
While specific assessment details aren't provided, the combination of a smaller living area and a significantly smaller lot size compared to street averages are the primary factors contributing to the lower assessed value.
2. Is the smaller lot size a major disadvantage?
It depends on your lifestyle. The lot is below the city average, meaning less space for gardening, expansions, or large outdoor gatherings. However, it also means less yard work, lower landscaping costs, and a potentially more community-oriented, neighborhood feel.
3. The home sold in 2016. What does that past sale indicate?
The home sold for an estimated $250k-$300k when new. The increase to its current assessed value reflects nearly a decade of market movement. This history shows it was a first-owner purchase, not a flip, and provides a benchmark for its price trajectory.
4. How does the "modern build" factor weigh against the smaller space?
This is the key trade-off. You are acquiring a home with modern building codes, materials, and systems (likely with less immediate repair risk) versus an older, potentially larger home that may require significant updates. The choice hinges on whether you prioritize condition or square footage.
5. Can I get the exact historical sold prices for this home?
The publicly available data shows price ranges. To obtain verified, exact transaction figures, you must request a manual lookup from the site via email, as they do not display MLS sold records due to industry regulations.