Property Overview: 351 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 averages. With 1,490 sqft of living space, it offers a functional layout that is comfortably sized for city living, though it is somewhat more compact than most direct neighbors.
Its primary appeal lies in its balance of age and price. The assessed value of $402k sits below the local area averages, suggesting a potentially more accessible entry point into a modern home. However, the lot size is modest, especially compared to city-wide norms, which translates to lower exterior maintenance. This isn't a sprawling property, but a efficient one.
This property would suit first-time buyers or downsizers seeking a newer build without a premium price tag, who prioritize a move-in ready interior over a large yard. It also appeals to the value-conscious buyer who understands that being "below average" in price for the immediate street and area can represent a smart trade-off for a home that is "elite" in age compared to the broader, older Winnipeg housing stock.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($402k) is for municipal tax purposes and is typically below market value. Notably, it's lower than the average for both the street and the immediate area, which may indicate a value opportunity or reflect the home's specific attributes.
2. How does the lot size impact living here?
At 3,151 sqft, the lot is smaller than many in Winnipeg. This means less yard work and lower outdoor maintenance, but also limited space for expansions, large gardens, or extensive outdoor recreation.
3. The home sold in 2019. What can that price tell us?
The prior sale (2019, between $300k-$350k) provides a historical baseline. Market conditions have changed significantly since then, but it shows the property's price trajectory and can be a point of comparison for appreciation.
4. What does it mean that the home is "below average" in size for the street?
On Castlebury Meadows Drive, this home's living area is smaller than the typical home. This could mean a cozier layout or more efficient use of space. It's a factor that likely contributes to its assessed value being proportionally lower than neighboring properties.
5. How can I get the exact past sale price instead of the range shown?
The site provides sold price ranges publicly. To obtain the exact historical sale figures, you must request them directly via email from the service, as they manually look up and provide this data due to industry regulations.