Property Overview: 519 Castlebury Meadows Drive
Key Characteristics & Appeal
This home, built in 2017, offers modern living with a practical footprint. Its primary appeal lies in its strong performance relative to peers across several key metrics. With 1,854 sqft of living space, it sits comfortably above average for its street, neighborhood, and the entire city. The assessed value of $582k follows a similar pattern, ranking within the top quarter locally and the top 9% citywide, indicating a perceived value that outpaces most Winnipeg homes.
The property suits buyers looking for a relatively newer build in a developed area, who prioritize interior space over a large yard. The lot size is typical for the immediate area but is smaller than the citywide average, suggesting a lower-maintenance exterior. A thoughtful perspective is that this home represents a "sweet spot"—it's modern enough to avoid major immediate renovations, and its metrics suggest it has historically held value well compared to broader markets. It would likely suit a professional couple, a small family, or someone downsizing from a larger property who still desires ample indoor living space without the upkeep of a vast lot.
Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
It was sold in May 2017, in the $350k-$400k range. The current assessed value of $582k reflects market changes and improvements over the past seven years.
2. Is the lot size a disadvantage?
The land area is quite standard for the Castlebury Meadows Drive area and North Inkster Industrial neighborhood. It is smaller than the Winnipeg average, which primarily means less yard maintenance. For buyers prioritizing interior space and a newer home, this is often a reasonable trade-off.
3. What does its "top 9% city-wide" assessed value ranking mean?
This indicates that this home’s assessed value is higher than approximately 91% of all residential properties in Winnipeg. It signals a strong valuation context, though it's always important to compare this with recent actual sale prices of similar homes.
4. Are there many other homes of a similar age nearby?
Yes. The data shows the average build year on the same street is 2017, and in the wider area it's 2018. This home is part of a modern pocket of development, so you won't be surrounded by much older properties.
5. Where can I see more details about the neighborhood?
You can open the dedicated neighbourhood analysis page for this property to view an interactive map comparing year built, living area, value, and lot size with nearby houses.