Property Overview & Key Characteristics
This home at 367 Castlebury Meadows Drive is a modern, efficiently sized property built in 2017. Its primary appeal lies in offering contemporary construction in a city-wide context where most homes are significantly older. With 1,513 sqft of living space, it provides above-average roominess compared to the typical Winnipeg home, while its assessed value of $389K is very close to the city-wide average.
The property presents a specific value proposition. It suits buyers seeking a newer build who want to avoid the maintenance concerns of an older home, and who prioritize interior space over a large yard. The lot is compact at 2,787 sqft, which means lower exterior upkeep but less private outdoor space. This trade-off makes it ideal for professionals, small families, or downsizers looking for a modern, manageable home without a premium price tag. Notably, its value stands out within its immediate area and street, where comparable homes are assessed notably higher, suggesting it may offer relative value within North Inkster Industrial.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is below the average for both its street and the broader North Inkster Industrial area, where averages are around $500K. This could indicate a value opportunity, but it’s essential to understand the specific reasons, which may include its smaller lot size or interior finishes.
2. Is the living space sufficient for a family?
At 1,513 sqft, the living area is above the city-wide average and is comparable to nearby homes. It is a practical size for a small to medium-sized family, offering more modern space efficiency than many older Winnipeg homes.
3. What are the implications of the smaller lot size?
The 2,787 sqft lot is below average for the street, area, and city. This translates to less yard maintenance but also limited private outdoor space. It’s a feature that appeals to those seeking low upkeep but may not suit buyers wanting extensive gardens or outdoor recreation space at home.
4. Why is the year built a significant point for this home?
Built in 2017, the home is in the top 5% newest city-wide, where the average home was built in 1966. This means major components like the roof, HVAC, and windows are relatively new, potentially reducing near-term repair costs and offering modern building standards.
5. Where can I get verified historical sale price data for this property?
The site provides sold price ranges based on public data. For fully verified and exact transaction figures, you must request a manual lookup via email, as this information is not sourced from the MLS system.