Property Overview: 267 Castlebury Meadows Drive
Key Characteristics & Appeal
This home presents a practical value proposition in Winnipeg’s North Inkster Industrial area. Built in 2017, it is a relatively modern property that requires less immediate attention than older city homes. With 1,533 sqft of living space, it offers more room than the typical Winnipeg home, while the lot size of 4,739 sqft is generous for its immediate neighbourhood.
The appeal lies in its balance of space, age, and value. The assessed value of $399k sits notably below the average for both its street and area, suggesting a potentially lower property tax burden and an entry point into a newer build. However, its value is around the citywide average, indicating a fair market positioning. A thoughtful perspective is that this home offers modern construction (placing it in the top 5% citywide for age) without the premium often attached to brand-new builds, making it a sensible choice for those wanting to avoid the surprises of an older home.
This property would suit first-time buyers or small families looking for a move-in-ready home with a manageable yard in a developing area. It’s also a fit for value-conscious buyers who prioritize a newer building envelope and interior systems over a premium location, and who see potential in a home assessed below its local peers.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($399k) is for municipal tax purposes and is typically below market value. Notably, it is lower than the average on this street and in the area, which may influence buyer perception and offer negotiation room.
2. How does the living space compare to nearby homes?
At 1,533 sqft, it is slightly smaller than the average on Castlebury Meadows Drive but is above the citywide average. This indicates you get more space than a typical Winnipeg home, though some immediate neighbours may have larger floor plans.
3. What does the sale history tell us?
It last sold in early 2017, likely near its completion. The sold price range then was between $250k and $300k. This historical data is useful for understanding the original purchase price but does not reflect current market conditions.
4. The home is in the "North Inkster Industrial" area. What does that mean for livability?
This is an established industrial and residential mixed area. Buyers should consider typical amenities, traffic patterns, and the general character of the neighbourhood to ensure it aligns with their lifestyle expectations.
5. How can I get the exact past sale prices for this home or comparable ones?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request this information directly via email from the service, and they will provide a manual lookup.