Property Overview: 427 Castlebury Meadows Drive
Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and relative value within Winnipeg. Built in 2017, it is a notably newer property compared to the city's overall housing stock, offering the appeal of contemporary construction standards and less immediate maintenance. With 1,509 sqft of living space, it sits comfortably above the city-wide average, providing ample room for a small family or those seeking a bit more space.
The property’s appeal lies in its balanced positioning. While its assessed value is below the average for its immediate street and North Inkster Industrial area, it aligns closely with the city-wide average. This suggests a potential value opportunity for a buyer in a neighbourhood of relatively newer homes. The lot size of 4,926 sqft is generous for the area, offering above-average outdoor space compared to nearby properties.
This home would suit first-time buyers or young families looking for a modern, move-in-ready property without the premium often attached to brand-new builds. It’s also a practical choice for value-conscious buyers who prioritize a newer home with a larger lot and are comfortable in a developing area, rather than paying a premium for an identical home on a more established street.
Frequently Asked Questions
1. Is this a good value for the money?
The data suggests it might be. The home’s assessed value is below the average for its specific street and neighbourhood, yet it is a newer build with above-average living space for the city. This discrepancy could indicate a value proposition, but it's essential to view the property in person and consider factors like finishes and layout.
2. What does the "Elite" ranking for Year Built city-wide mean?
It means this 2017 build is newer than approximately 95% of all comparable homes across Winnipeg. This is a significant advantage, typically implying more modern building codes, materials, and systems, which can mean lower near-term repair costs.
3. Why is the assessed value lower than neighbours on the same street?
While the exact reason isn't stated, common factors include differences in upgrades, interior condition, lot desirability (e.g., backing onto a green space vs. another house), or precise location on the street. The lot size is larger than the street average, so the value difference likely relates to the home itself.
4. How can I get the exact sales history for this property?
The site notes that due to industry rules, exact sold prices are not displayed publicly. You can request the full transaction history manually by emailing them through the "Request exact figures by email" button on the listing page. They state they will provide the data without using your email for marketing.
5. The living area is above average city-wide but "around average" for the neighbourhood. What does this imply?
It indicates that North Inkster Industrial is an area comprised of generally larger, newer homes compared to the rest of Winnipeg. You're buying into a neighbourhood where this size of home is the norm, which can be positive for consistency and future resale value within the area.