Property Overview: 259 Castlebury Meadows Drive
This home presents a balanced offering in Winnipeg’s North Inkster Industrial area, built in 2016. Its standout feature is a generous 6,070 sqft lot, which is notably larger than most in the immediate neighbourhood and area. The 1,528 sqft living space is modest compared to nearby homes but is above the city-wide average. With an assessed value of $436k, it sits around the middle range for the street and area, yet is above the city median, suggesting a stable, established value position.
Key Characteristics & Appeal
The primary appeal of this property lies in its land size and relative modernity. The lot is in the top 14% on its own street, offering more outdoor space than typical newer builds—a valuable asset for gardening, recreation, or future expansion. While the house itself is slightly smaller than some direct neighbours, its 2016 build date means it likely incorporates modern building standards and requires less immediate upkeep than the city's older housing stock.
This home would suit practical buyers who prioritize land over sheer interior square footage. It’s a strong match for a young family seeking a move-in ready home with room for kids to play, or for value-conscious buyers who see the larger lot as long-term potential in a neighbourhood of comparably priced homes. It may also appeal to those looking for a balance between a newer construction and a more established, community feel.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $436k is a municipal calculation for tax purposes. It's a useful benchmark, showing the home is valued above the Winnipeg median but slightly below the average for its immediate area. Market conditions, specific home features, and recent upgrades will ultimately determine the sale price.
2. How does the lot size compare, and why does it matter?
At over 6,000 sqft, the lot is significantly larger than many in North Inkster Industrial. This provides more privacy, space for outdoor activities, and flexibility for additions like a shed, deck, or garden. It’s a less common find in newer subdivisions.
3. The home sold in 2016. What does that history tell us?
It was last purchased when new, meaning the current sale would be its first resale. This often provides a clearer maintenance history than a home that has changed hands multiple times.
4. The living area is noted as "around average" for the area. Should I be concerned about space?
At 1,528 sqft, it's functionally sized for a typical family. While some neighbouring homes are larger, this size is efficient and may translate to lower utility costs. It's wise to consider your specific space needs versus the benefits of the larger lot.
5. What is the neighbourhood context of "North Inkster Industrial"?
The name includes "Industrial," but the property is on a residential street within that broader area. It's important to research the specific surroundings—proximity to amenities, transportation, and the actual mix of residential versus light industrial uses—to ensure it fits your lifestyle.