Property Overview: 408 Castlebury Meadows Drive
Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and practical value. Built in 2017, it is a relatively new property that requires less immediate upkeep than older homes, placing it in the top 5% of homes citywide for its age. With 1,533 square feet of living space, it offers above-average interior room compared to the Winnipeg average, suiting small families, couples, or professionals who appreciate a modern layout without excessive maintenance.
The appeal here is one of balance. The assessed value of $412k sits notably below the average for both its immediate street and the broader North Inkster Industrial area, suggesting a potentially attractive entry point into a newer home. This value positioning, combined with its modern build, creates an opportunity for buyers seeking a turn-key property without a premium price tag. It’s important to note that this value comes with a trade-off: the lot size is compact, ranking below average on all comparison levels. This makes the property ideal for buyers who prioritize the home itself and low-maintenance outdoor space over a large yard.
This home would best suit first-time buyers or downsizers looking for a contemporary, move-in-ready property in a developed neighbourhood. It’s a practical choice for those who want the benefits of a newer construction (like updated building codes and modern finishes) while staying within a moderate budget. The smaller lot is a clear consideration for those who envision extensive gardening or outdoor recreation.
Frequently Asked Questions
1. How does the property’s value compare to its neighbours?
The home’s assessed value of $412,000 is below the average for comparable homes on its own street and in the North Inkster Industrial area, where averages are around $498k and $484k respectively. This indicates it may offer a value proposition within its immediate locale.
2. Is the home considered large for Winnipeg?
The living area is above the citywide average. At 1,533 sq ft, it ranks in the top 29% of homes across Winnipeg, providing more interior space than most, but is closer to the average when compared just to its own neighbourhood.
3. What should I know about the lot size?
The lot is a compact 2,813 sq ft, which is smaller than most. It ranks in the bottom 25% of lots in the local area and bottom 8% citywide. This means outdoor space is limited, favouring low-maintenance landscaping.
4. The home sold in 2021 and 2017. What does that history show?
The previous sale prices show consistent growth. It sold between $250k-$300k in 2017 and then between $400k-$450k in 2021. This trajectory aligns with broader market trends over that period.
5. Where can I get verified, exact sale price figures?
The site provides estimated price ranges. Due to industry rules, exact MLS sale prices are not published online. You can request the full, verified transaction history by emailing the site directly for a manual lookup.