Property Overview
This home at 399 Castlebury Meadows Drive presents a specific value proposition within Winnipeg’s North Inkster Industrial area. Built in 2017, it’s a relatively modern home with a practical layout. The data reveals a property with notable contrasts: its living space is above average for the city, yet it sits on a smaller lot compared to most local and city-wide peers. Its assessed value is significantly lower than neighbouring homes, which is a key point for consideration.
Key Characteristics, Appeal & Ideal Buyer
The primary appeal of this property lies in its balance of modern construction and efficient use of space. With 1,504 sqft of living area, it offers more interior room than the typical Winnipeg home, making it a comfortable size for a small family or couple. Being built in 2017 suggests newer systems, modern layouts, and less immediate concern for major repairs compared to the city's much older housing stock.
Its value is underscored by a $373k assessed value, which is notably below the local area average (where comparable homes average around $484k). This creates a potential entry point into a modern home for budget-conscious buyers. However, the 2,787 sqft lot is smaller than most in the immediate area, indicating a more compact yard, which could be a trade-off for some.
This home would best suit:
- First-time buyers or downsizers seeking a modern, low-maintenance home without a premium price tag.
- Value-focused buyers who prioritize interior space and newer construction over expansive outdoor land.
- Practical homeowners who view a smaller yard as a benefit, requiring less upkeep and time commitment.
A less obvious perspective is that while the home is newer, its value ranking is low locally but average city-wide. This suggests the immediate neighbourhood may have a higher typical price point, possibly due to larger lots or other amenities. Buying here could mean acquiring a modern home in a potentially established area at a relative discount.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the same street?
The data shows the assessed value ($373k) ranks in the bottom 5% on Castlebury Meadows Drive, where averages are near $499k. This is likely due to the home’s significantly smaller lot size compared to street peers. Value assessments consider land area, so this is a primary factor.
2. Is the smaller lot size a major disadvantage?
It depends on your lifestyle. The lot is below average for both the street and the city, meaning less private outdoor space. For those who prefer minimal yard work or prioritize interior space, it can be an advantage. For those wanting a large garden, play area, or greater privacy, it may be a limitation.
3. How does the living area compare to other homes?
The 1,504 sqft of living space is above average compared to the typical Winnipeg home. It provides a comfortable amount of room, ranking in the top 30% city-wide. It is, however, close to the average for the immediate North Inkster Industrial area.
4. What does the "Elite" ranking for Year Built mean?
This indicates the home is newer than approximately 95% of all homes in Winnipeg, placing it in the top 5% city-wide for its age. It confirms the property is a modern build with likely contemporary features and systems.
5. Where can I find the exact sold price from July 2024?
The site shows a sold price range of CA$400k–450k. Due to data display rules, exact sold prices are provided upon request. You can use the "Request exact figures by email" feature on the property page, and the verified price will be sent to you directly.