Property Overview: 283 Castlebury Meadows Drive
Key Characteristics & Appeal
This home at 283 Castlebury Meadows Drive is a modern, efficiently sized property built in 2016. With 1,492 sqft of living space, it offers a comfortable layout that is slightly more compact than other homes on its street and in the North Inkster Industrial area, but is actually above the city-wide average for living space. This presents a practical, lower-maintenance footprint without sacrificing modern comforts.
The primary appeal lies in its balance of a contemporary build year and a relatively accessible price point. The home's assessed value of $387k is notably below the averages for its immediate street and neighbourhood, yet it aligns closely with the typical Winnipeg home value. This suggests a potential value opportunity for a buyer in a newer area, where similar-aged homes often command higher prices. The lot size is compact at 2,787 sqft, which translates to less yard upkeep—a plus for those seeking a lock-and-leave lifestyle or who prefer to spend less time on maintenance.
This property would suit first-time homebuyers or downsizers looking for a modern home in move-in ready condition without a premium price tag. It’s also a sensible match for pragmatic investors or buyers who prioritize newer construction (and thus potentially lower repair costs) over having a large yard or the biggest house on the block. A less obvious perspective is that its "below-average" metrics for the immediate area in value and lot size could provide a measure of insulation from higher property taxes and a more manageable outdoor space, which are often overlooked advantages.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the market price?
While the assessed value ($387k) is set for taxation purposes and is below local averages, it often serves as a baseline. Market price is influenced by current conditions, the home's interior condition, and buyer demand. The fact it aligns with the city-wide average suggests it's a reasonably priced entry point for the market.
2. How does the smaller lot size impact living here?
The 2,787 sqft lot is significantly smaller than most in the city. This means a smaller backyard, less private outdoor space, and minimal gardening upkeep. It's ideal for those who prefer low-maintenance living or who don't envision needing extensive yard space.
3. The home is newer (2016), but what does that mean for maintenance?
A 10-year-old home is past the initial builder warranty period but is still considered modern. Major components like the roof, furnace, and appliances are likely still in good condition, potentially deferring significant repair costs for several years compared to an older home.
4. How does this home compare to its direct neighbours?
The data shows nearby homes on the same street are very similar in age and size, with nearly identical assessed values (e.g., 368 Castlebury Meadows Dr. at $381k). This indicates a consistent, uniform streetscape and provides stable comparables for valuation.
5. Where can I get verified historical sale data for this property?
The site notes that exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service where you can request the full transaction history and exact figures be sent to you via email, typically by the end of the same day.