Property Overview: 263 Castlebury Meadows Drive
Key Characteristics & Appeal
This home, built in 2016, presents a compelling value proposition centered on its generous lot size. With 7,290 square feet of land, the property is in the elite top 5% for lot size within its immediate neighborhood and area, offering significantly more outdoor space than most comparable homes. The 1,533 sqft living area is modern and above the city-wide average, though it is slightly more compact than the average for its specific street.
The appeal lies in this balance: you acquire a substantial, private yard—a rarity in newer subdivisions—without a corresponding premium on the assessed value, which sits at $417k. This value is notably below the local area average, suggesting the home may offer more land for the dollar. It suits buyers prioritizing outdoor space for gardening, recreation, or future expansion over maximizing interior square footage. It’s also a practical fit for those seeking a relatively modern home (avoiding major near-term renovations) within a budget-conscious framework, where the land itself is the primary asset.
Frequently Asked Questions
1. Is the lot size unusual for this area?
Yes. The lot is 7,290 sqft, placing it in the top 4-5% of properties in the North Inkster Industrial area. Most nearby lots average around 4,400 sqft, making this property’s yard exceptionally large for the neighborhood.
2. How does the home’s value compare to others?
The home’s assessed value of $417k is below the local area average (approx. $484k). Historically, it sold between $450k-$500k in late 2021. This suggests you may be getting more land for a lower price point compared to area norms.
3. What does the "below average" ranking for year built mean?
On its street and in its immediate area, most comparable homes were built slightly more recently (avg. 2017-2018). However, city-wide, a 2016 build is well above average, as the typical Winnipeg home is much older. This means the home is modern by overall city standards but average for its newer subdivision.
4. Who would this property best suit?
It’s ideal for buyers who value a large, private yard for pets, children, or gardening, and are comfortable with a home size that is ample but not the largest on the block. It’s also a sensible choice for value-focused buyers looking at the long-term potential of a sizable lot.
5. How can I verify the exact past sale prices?
The displayed sale prices are estimated ranges from public data. For fully verified and exact sale figures, you must request a manual lookup via email through the site, as per industry rules preventing the display of MLS records here.