Property Summary: 681 Castlebury Meadows Drive
Section 1: Key Characteristics & Appeal
This home presents a compelling blend of modern build quality and above-average space for its area. Built in 2017, it is a relatively new property that ranks within the top 5% of homes citywide for its age, suggesting lower immediate maintenance costs and modern building standards. With 1,832 sqft of living space, it offers more room than most Winnipeg homes and is competitively sized within its North Inkster Industrial neighbourhood. The 4,725 sqft lot provides a generous outdoor space for the area.
The primary appeal lies in its strong value positioning. The home’s assessed value of $590,000 places it consistently in the top 15-20% of comparable properties at every geographic level—from its own street to the entire city. This indicates a perceived premium above the norm, which could be attributed to its size, condition, and newer construction. The data suggests you are paying for a home that stands out in its peer group.
This property would suit buyers looking for a move-in ready, modern home in Winnipeg who prioritize space and a newer build without venturing into the luxury market. It’s ideal for someone who values statistical performance—a home that metrics show is larger, newer, and assessed higher than many of its neighbours and city-wide counterparts. It may also attract buyers who see the established, above-average assessment as a marker of stability.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $590,000 is for municipal tax purposes and is based on a mass appraisal. While it’s a strong indicator and places this home well above local averages, the actual market price can be influenced by current conditions, interior updates, and specific buyer demand.
2. The home sold in 2017. What does that history tell me?
It was last purchased when it was newly built. The sale price then was in the CA$350k–400k range. This provides a baseline for its appreciation over the past nine years, which appears significant given the current assessment.
3. Is the lot size a pro or a con?
It depends on your priorities. The lot is above average for the immediate area and neighbourhood, which is a plus for outdoor space. However, it is around the city-wide average, so if comparing to older neighbourhoods with larger lots, it may seem standard.
4. What does the "North Inkster Industrial" neighbourhood name imply?
This typically designates a newer suburban development area. The "Industrial" in the name is often a historical planning district designation and does not mean the home is adjacent to factories. It generally indicates a community of modern, residential subdivisions.
5. How can I verify the exact past sale prices?
The provided sold price is an estimated range from public data. For fully verified and exact transaction history, you would need to request a manual lookup from the site via email, as they do not display MLS sold records directly.