Property Overview: 527 Castlebury Meadows Drive
Key Characteristics & Appeal
This home at 527 Castlebury Meadows Drive is a well-positioned property in Winnipeg's North Inkster Industrial area. Built in 2017, it is a relatively modern home that requires less immediate attention than older city stock. With 1,711 square feet of living space, it offers ample room, ranking above average for size compared to the wider Winnipeg market. The assessed value of $527,000 aligns closely with the averages for its immediate street and neighborhood, suggesting it is priced consistently within its local market, while standing out as a higher-value property on a city-wide scale.
The appeal lies in its balance and modernity. It’s not an outlier in any single category but offers a solid, contemporary package in a developing area. The lot size of 4,488 sqft is typical for the neighborhood, providing standard outdoor space without extensive maintenance demands. Its recent sale history indicates steady market interest.
This property would suit practical buyers looking for a move-in-ready home from the last decade, who value space and modern construction over a historic or custom character. It’s ideal for those who want a home that performs well in broader city comparisons without being the most expensive on the block. It may also attract buyers who see potential in the North Inkster Industrial area as it continues to develop.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is very close to the average for both Castlebury Meadows Drive and the wider North Inkster Industrial area, placing it in the middle of the local pack. However, compared to all Winnipeg homes, its value is in the top 16%, indicating you get more house for your money in this neighborhood.
2. Is the home considered new?
Built in 2017, it is relatively new, ranking in the top 5% city-wide for age. This typically means fewer concerns about major aging components like roofing, windows, or furnaces, though standard maintenance for a 9-year-old home should be expected.
3. What does the "North Inkster Industrial" neighborhood imply?
This designation suggests a mixed-use area, likely with a blend of residential streets and nearby commercial or light industrial properties. Buyers should consider the potential for convenient access to services and employment, balanced with the typical traffic and activity of an industrial zone.
4. Has the property’s value increased?
Based on available data, it sold in the $500k-$550k range in mid-2021 and again in the $450k-$500k range at the start of that year. The current assessed value of $527k sits within that recent historical sale range, suggesting stability.
5. How can I verify the exact past sale prices?
The site does not display exact MLS sold figures due to industry rules. To obtain the precise transaction history, you must request a manual lookup via email through the provided button on the property page. They promise to provide the exact figures without using your email for marketing.