Property Overview: 563 Castlebury Meadows Drive
Section 1: Key Characteristics & Appeal
This home, built in 2017, offers modern living in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its strong combination of space, contemporary construction, and relative value. With 1,853 sqft of living area, the home is notably spacious, ranking within the top 25% on its own street and top 15% city-wide. This makes it a substantial offering compared to the average Winnipeg home.
The assessed value of $539k presents an interesting perspective. While it is around the average for its immediate neighborhood and street, it ranks within the top 14% city-wide. This suggests you are acquiring a home that is above average in size and modernity for the broader Winnipeg market, positioned at a price point that is competitive within its own locale. The lot size of 4,252 sqft is consistent with area norms.
This property would suit buyers looking for a move-in ready, modern home without the premium often attached to brand-new builds. It’s ideal for those who prioritize interior space over a large yard and appreciate a home that stands out in terms of size and age compared to the city's much older housing stock. It represents a practical choice for growing families or professionals seeking a comfortable, low-maintenance property built to recent standards.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The home sold in October 2024 for between $550,000 and $600,000. This sold price range ranked in the top 12% on its street and top 9% city-wide, indicating it traded at a premium above the assessed value, which is common in active markets.
2. What does the "Elite" ranking for Year Built city-wide mean?
City-wide, this 2017 build is ranked in the top 5% for its year of construction. This highlights that Winnipeg's housing inventory is predominantly older, making a home under 10 years old a relatively rare find compared to the city-wide average build year of 1966.
3. Is the lot size a drawback?
The lot is slightly smaller than the average on its street and area. However, it is very typical for the neighborhood and modern subdivisions. Buyers who prefer lower outdoor maintenance may see this as a benefit, while those wanting extensive garden space should take note.
4. How reliable is the sold price data provided?
The site notes that sold prices are based on publicly available internet data, not the MLS, and are presented as a range unless you request exact figures via email. For fully verified transaction history and exact prices, you must contact the site directly for a manual lookup.
5. What is the neighborhood context of North Inkster Industrial?
The data shows the home's metrics are consistently strong within this specific neighborhood. Its living area and assessed value are above the area averages, suggesting it is a sizeable and valued property within this community, not just in city-wide comparisons.