Property Overview: 279 Castlebury Meadows Drive
Key Characteristics & Appeal
This home presents a distinct value proposition within the Winnipeg market. Built in 2016, it is a relatively modern property that requires less immediate attention than the city's older housing stock. Its primary appeal lies in its efficient use of space and its assessed value. At 1,400 sqft, the living area is compact compared to immediate neighbors but is actually close to the city-wide average, suggesting a manageable layout for smaller households. The standout figure is the assessed value of $369k, which is notably below the averages for its own street and the North Inkster Industrial area, yet aligns closely with the typical Winnipeg home. This creates an opportunity for entry into a newer-build neighborhood at a price point that is competitive on a city-wide scale.
A less obvious perspective is the trade-off between lot size and maintenance. The land area of 2,736 sqft is smaller than most comparable properties, which translates to less yard work and lower exterior maintenance costs—a potential benefit for busy professionals or those seeking a lock-and-leave lifestyle. This property would best suit first-time buyers or downsizers who prioritize a modern, low-maintenance home in a developed area over expansive square footage or a large yard. It’s a practical choice for those seeking financial efficiency without sacrificing the benefits of a newer construction.
Frequently Asked Questions
1. Is the lower assessed value a red flag?
Not necessarily. The assessed value is significantly lower than others on the same street, but it is very close to the Winnipeg city-wide average. This suggests the home may be priced for its specific attributes (like lot size) within a neighborhood that has higher-value properties, rather than indicating a problem.
2. How does the smaller lot size impact living here?
The smaller lot means less private outdoor space and potentially closer proximity to neighbors. However, it also means significantly less time and money spent on landscaping and yard maintenance, which can be a desirable feature for many.
3. The home sold in early 2019. What does that past sale indicate?
The previous sale price (estimated between $300k-$350k) provides a historical benchmark. The increase to the current assessed value of $369k reflects market appreciation over a six-year period, offering a gauge of the property's value trajectory.
4. Who would this property not be ideal for?
It would likely not suit buyers who need ample room for a growing family, desire extensive outdoor space for gardening or recreation, or who prioritize having one of the largest homes in the immediate area.
5. The data shows rankings like "Top 79%." What does that mean?
This is a percentile ranking. For example, "Top 79%" for living area on its street means the home's square footage is greater than 79% of the 268 comparable properties on Castlebury Meadows Drive. A higher percentage is generally better for metrics like size and year built, while for assessed value, a lower ranking can indicate a more affordable asking price relative to peers.