Property Overview: 506 Castlebury Meadows Drive, Winnipeg
Key Characteristics & Appeal
This home at 506 Castlebury Meadows Drive is a modern, above-average offering in Winnipeg's North Inkster Industrial area. Built in 2018, it is a relatively new construction, ranking in the top 1% for age on its own street. With 1,886 sqft of living space, it provides generous room compared to most homes in the city, neighborhood, and immediate area. The assessed value of $590,000 reflects its premium positioning, placing it well above average across all comparison levels, especially city-wide where it sits in the top 9%. The lot size of 4,722 sqft is fairly typical for the local area.
The primary appeal lies in securing a modern home with ample space in a developing area, without the maintenance concerns of an older property. Its strong value metrics suggest it's a substantial asset relative to its surroundings. This property would best suit buyers looking for a move-in ready, contemporary home who prioritize interior space over a large yard, and who see value in a property that stands out statistically in its assessed worth and newness within its immediate community.
Frequently Asked Questions
1. How does this home's value compare to others nearby?
The home's $590,000 assessment is consistently above average. It ranks in the top 16% on its street and top 15% in the North Inkster Industrial area, indicating it is considered a higher-value property in its local market.
2. Is the property in a new subdivision?
The home was built in 2018, making it one of the newest on its street (top 1%). The surrounding area has many homes from a similar period, suggesting it's part of a newer phase of development within the broader, established neighborhood.
3. What are the previous sale prices?
Public records indicate it sold in the $500k-$550k range in January 2021 and in the $400k-$450k range in January 2019. For verified, exact sale figures, a manual lookup can be requested from the site.
4. Is the lot size typical?
At 4,722 sqft, the lot is fairly standard for the street and neighborhood, but is smaller than the city-wide average lot. This is common for newer developments and reflects a focus on the home's living space.
5. What does the "Elite" ranking for Year Built mean?
This indicates the home is among the very newest properties in its comparison group. On its street, it's in the top 1% (ranked 2nd newest out of 268 homes), meaning it offers modern construction and likely contemporary features compared to most in the immediate vicinity.