Property Overview
This home at 543 Castlebury Meadows Drive presents a well-proportioned, modern property in Winnipeg's North Inkster Industrial area. Built in 2017, it offers the balance of a relatively new build without the premium often attached to brand-new construction. With 1,629 sqft of living space on a 4,488 sqft lot, its size is comfortably above the city-wide average, providing ample room for a growing family or those who appreciate space. The assessed value of $513k positions it as a solid, above-average offering citywide, suggesting a property that holds its value in the broader market.
The appeal here lies in its statistical steadiness. When compared to its immediate street and neighborhood, the home consistently ranks around the middle to upper-middle of the pack across key metrics—it’s not an outlier, but a stable, reliable option. A thoughtful perspective is that this can represent a "sweet spot," avoiding the potential over-improvement of the most expensive homes on the block while still offering modern amenities and space. It would particularly suit pragmatic first-time move-up buyers or young families seeking a modern home in a developing area, as well as value-oriented investors who appreciate the combination of a newer build (minimizing immediate repair costs) and a demonstrated history of value appreciation.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
The home’s assessed value of $513k is significantly above the Winnipeg average of approximately $390k, placing it in the top 18% city-wide. This indicates a property of above-average market value for the city.
2. Is the home relatively new?
Yes. Built in 2017, it is only 9 years old. This makes it notably newer than the typical Winnipeg home (average year built 1966), placing it in the elite top 5% city-wide for age.
3. What is the lot size, and is it typical?
The lot is 4,488 sqft. It is slightly above average for the North Inkster Industrial area but somewhat smaller than the 6,570 sqft city-wide average lot. This is typical for newer subdivisions where land use is more efficient.
4. Has the property value increased since it was last sold?
Based on available data, the home sold in the $450k-$500k range in July 2021. With a current assessed value of $513k, it suggests a trend of appreciation, though for exact sale figures, a manual lookup is recommended.
5. How does the living space compare to nearby homes?
With 1,629 sqft, the living area is very close to the average for both the immediate street (1,661 sqft) and the wider neighborhood (1,635 sqft). It offers substantially more space than the typical Winnipeg home (1,342 sqft average).