Property Summary: 348 Castlebury Meadows Drive
Section 1: Key Characteristics & Appeal
This 2017-built home in North Inkster Industrial presents a specific value proposition. Its key characteristic is its modern build year, which places it among the top 5% of homes city-wide for age, suggesting newer systems, materials, and less immediate need for major updates. However, at 1,088 sqft, the living area is notably compact, ranking in the bottom 3% for its immediate street and area. The assessed value of $389k is below the local averages for the street and neighborhood but aligns closely with the Winnipeg-wide average.
The appeal lies in this balance: you are acquiring a relatively new home at a price point that is competitive for the city. It suits budget-conscious buyers, such as first-time homeowners or downsizers, who prioritize a modern, low-maintenance build over square footage. It may also appeal to investors seeking a newer property in the rental market. A less obvious perspective is that its smaller size and lot (3,196 sqft) compared to neighbors could mean lower utility and property tax costs, and the newer construction likely offers better energy efficiency than the city's predominantly older housing stock.
Section 2: Frequently Asked Questions
1. Is the price fair for a home of this size?
The assessed value is below average for the immediate street and neighborhood, largely reflecting its smaller square footage. City-wide, however, the value is very average, suggesting you are paying primarily for the modern build year within a Winnipeg context.
2. What does the "Elite" ranking for Year Built mean?
It indicates the home, built in 2017, is newer than approximately 95% of all homes across Winnipeg. This is its standout feature, implying contemporary building standards and potentially lower maintenance costs in the near term.
3. How does the lot size impact the property?
At 3,196 sqft, the lot is smaller than the city average. This means less yard maintenance but also limited potential for expansions or large outdoor amenities. On this street and in this area, however, the lot size is fairly typical.
4. Why is the living area ranking so low locally?
The data shows that comparable homes on Castlebury Meadows Drive and in North Inkster Industrial average around 1,600+ sqft. At 1,088 sqft, this home is significantly more compact than most of its direct neighbors, which is a key factor in its lower assessed value for the area.
5. Where can I get verified historical sale data for this home?
The site notes that exact sold prices are not displayed due to industry rules. You must request this information directly via email for a manual lookup, as it is not sourced from the MLS.