Property Summary: 315 Castlebury Meadows Drive
Key Characteristics & Appeal
This home is a study in contrasts, defined largely by its context. Built in 2016, it is a modern property in a city where the average home is significantly older, offering the appeal of contemporary construction and systems. With 1,386 sqft of living space, it provides a comfortable, average-sized layout for the wider Winnipeg market, though it is notably more compact than most homes on its own street and in the North Inkster Industrial area.
The primary appeal lies in its value proposition. With an assessed value of $366k, it sits well below the average for its immediate neighborhood and street, where comparable homes are assessed nearly $120k higher. This presents a potential entry point into a modern, developed area at a relatively accessible price. However, the lot size is compact at 2,787 sqft, which is smaller than most local and city-wide averages, suggesting minimal outdoor maintenance but limited private yard space.
This property would best suit pragmatic, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a modern, low-maintenance home in an established area over expansive square footage or a large yard. It’s a practical choice for someone seeking contemporary comforts without the premium price tag often found in newer subdivisions, accepting the trade-off of a more modest footprint.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is based on the property's specific attributes, primarily its smaller living area and lot size compared to nearby homes. It reflects the home's physical characteristics rather than the area's overall desirability, creating a value opportunity.
2. What does the "Top 98%" ranking for assessed value on the street mean?
It means this home's assessed value is higher than only 2% of comparable homes on Castlebury Meadows Drive (rank 263 out of 268). In simpler terms, it is one of the lowest-valued properties on the street, which is the key driver of its relative affordability.
3. Is a 2016 build considered old for this area?
No, quite the opposite. While it ranks slightly below the street's average build year (2017), it is significantly newer than the Winnipeg city-wide average home (built in 1966). You are buying a modern home in a mature area.
4. How reliable is the sold price data from 2016?
The data is from public records and is reasonably reliable for trend analysis. However, for exact, verified historical transaction figures, you must request a manual lookup from the site, as they do not have access to MLS sales records.
5. The home seems smaller than others nearby. Is the space efficient?
While the living area is below the local average, it is close to the city-wide average. The efficiency is best judged by a viewing. The modern build year suggests a contemporary floor plan, which often utilizes space effectively, but the actual flow and room sizes should be personally evaluated.