Property Overview
384 Castlebury Meadows Drive presents a modern, efficiently sized home built in 2018. Its appeal lies in its balance of contemporary construction and a manageable footprint. The 1,519 sqft living space is above average for Winnipeg overall, offering comfortable room for daily life without the upkeep of a much larger property. With an assessed value of $387k, it sits below average for its immediate street and neighborhood, but aligns closely with the city-wide average, suggesting a potentially accessible entry point into a newer home.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without a premium price tag for its specific area. Its newer age means major systems like roofing, HVAC, and windows are likely in good condition, offering peace of mind and deferred capital costs. A thoughtful perspective is that while the lot size is compact compared to peers, this translates to less yard work and lower exterior maintenance costs, which can be a hidden benefit for those prioritizing indoor living space and free time.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $387k is for municipal tax purposes. Market value is determined by current buyer demand. Notably, this assessment is below the average for both the street and the North Inkster Industrial area, which could indicate room for market appreciation or simply reflect the home's specific attributes.
2. What are the implications of the smaller lot size?
The land area of 2,814 sqft is below average for all comparison levels. This typically means a smaller backyard and potentially less privacy. However, it also suggests lower landscaping costs and less time spent on yard maintenance, which some buyers may prefer.
3. Is this a relatively new home for the area?
Yes. Built in 2018, it is among the newest on its street (top 1%) and is significantly newer than the average Winnipeg home (from ~1966). This generally implies modern building standards, newer appliances, and fewer immediate repair needs.
4. What can past sale data tell us?
Records show it last sold between $400k-$450k in August 2021. This historical data provides a benchmark, but the current market conditions and any updates made since then will be the primary drivers of today's value.
5. How does the living space feel in context?
At 1,519 sqft, the home offers more space than the typical Winnipeg house. While it's slightly smaller than the immediate area's average, the efficient use of space in a newer build often means a practical and well-designed floor plan suitable for a small family or couple.