Property Overview & Key Characteristics
This home at 352 Castlebury Meadows Drive presents a specific value proposition centered on its modern build and efficient footprint. Built in 2017, it is a newer home both for its immediate street and especially within the wider Winnipeg context, where it ranks in the top 5% by age. With 1,093 sqft of living space, it is notably compact compared to most homes in the North Inkster Industrial area, positioning it as a low-maintenance, easier-to-heat/cool option. The assessed value of $412k sits above the city-wide average but below the averages for its own street and neighbourhood, suggesting a potentially attractive entry point into a newer community. The lot size is modest, particularly city-wide, aligning with a simpler yard upkeep.
Its primary appeal lies in acquiring a relatively new construction without a premium price tag, ideal for first-time buyers, downsizers, or investors seeking a modern, turnkey property. It suits those who prioritize modern building systems and efficiency over spaciousness. A thoughtful perspective is that its smaller size and value, which lags behind neighbourhood averages, could represent a chance to add value through strategic upgrades, as the home's modern foundation is already in place.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
It is significantly smaller than most direct neighbours. With 1,093 sqft, it ranks in the bottom 3% for living area on its street and in the North Inkster Industrial area, where averages are around 1,650 sqft.
2. Is the assessed value in line with recent sale prices?
The home sold in October 2024 for an estimated $450k-$500k. Its $412k assessed value is below that sale range, which is common as assessments often lag behind market shifts. The sale price itself ranked in the top 22-33% compared to city-wide sales.
3. What are the advantages of the 2017 build year?
A 2017 build means modern construction standards, newer major systems (like HVAC, wiring, and plumbing), and likely better energy efficiency than the Winnipeg average home, which was typically built in 1966.
4. Why is the assessed value lower than the neighbourhood average?
The primary factor is likely the home's smaller square footage compared to area averages. Assessed value is heavily influenced by livable space, lot size, and recent sales, so the compact size results in a lower valuation than larger homes on the same street.
5. How can I find out the exact sold price?
The provided data shows a sold price range. Due to data display regulations, exact sold prices are not published automatically. You can request the exact figure by emailing the site directly for a manual lookup.