Property Overview: 23 Castlebury Meadows Drive
This home presents a compelling mix of space, modernity, and value within Winnipeg's North Inkster Industrial area. Built in 2015, its primary appeal lies in its exceptionally large lot—over 10,400 sqft—which ranks in the top 1% for the immediate street and neighborhood. This offers rare potential for expansion, gardening, or outdoor living compared to newer subdivisions. The living area of 1,653 sqft is comfortably above the city-wide average, providing ample room for a growing family.
The assessed value of $582k sits well above averages for the street, area, and city, indicating a perception of premium value, likely driven by the lot size and the home's relative newness. Interestingly, while the home feels modern city-wide, it's actually among the older homes on its own street, suggesting the area has seen rapid recent development. This property would best suit buyers who prioritize generous outdoor space over a brand-new build, and who see value in a home that stands out significantly from its neighbors in terms of land ownership. It's ideal for those looking for a established yet contemporary home with room to grow.
Frequently Asked Questions
1. Is the lot size a true advantage?
Absolutely. At over 10,400 sqft, the lot is more than double the average for the neighborhood. This is a standout feature for privacy, future additions like a garage or shed, or simply having a large backyard.
2. The assessed value seems high for the area. Why?
The assessed value is above local averages, reflecting the premium placed on the substantial lot size and the home's age. It's a newer construction in a city-wide context, which adds value, and the lot is a significant appreciating asset.
3. The home is listed as older than others on the street. Is that a concern?
Not at all. Built in 2015, it's still a modern home by any standard. The street has simply been developed with slightly newer homes since. This means the infrastructure and community are established, and any initial "newness" issues would have been resolved.
4. What does the sold price history tell us?
The home sold in September 2022 for between $600k-$650k. This past sale price, above the current assessed value, provides a concrete benchmark for the home's market value in recent years.
5. Who would this property not suit?
Buyers seeking a brand-new, turn-key property with the latest builder finishes might find slightly newer options on the same street. It may also not suit those who prefer a low-maintenance, small yard, as the large lot requires more upkeep.