Property Overview
This home at 684 Castlebury Meadows Drive is a standout property in Winnipeg’s North Inkster Industrial area, defined by its above-average size and modern build. Its primary appeal lies in offering substantial space on a generous lot within a relatively new neighbourhood. The 2,296 sqft living area places it in the top 1-2% of comparable homes locally, providing significant room for a growing family or those who value spacious interiors. Built in 2018, it is a modern home that avoids the immediate concerns and maintenance often associated with older properties. The 7,149 sqft lot is notably larger than most in the immediate area, offering excellent outdoor potential.
The property’s assessed value of $657k reflects its premium positioning, ranking in the top 3% of its neighbourhood. This suggests it is a higher-value home for the area, likely appealing to buyers seeking a long-term home with room to grow, who prioritize modern construction and interior space over an older, character-filled property. It would suit a professional family looking for a move-in ready, spacious home in a developing community, or a buyer who sees value in owning one of the larger, newer properties on a street that is still establishing its character.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $657k is for municipal tax purposes and is a historical snapshot. It indicates the home is a high-value property for its area. The actual market price will be influenced by current conditions, the home's specific features, and recent sale prices of comparable homes, such as the nearby 2019 sale in the $500k-$550k range.
2. What does the "North Inkster Industrial" neighbourhood name imply?
The name references the broader planning area. In practice, Castlebury Meadows Drive appears to be a residential street within that zone. Buyers should research the specific surroundings to understand the mix of residential and light industrial/commercial properties in the vicinity.
3. The lot is large for the street, but how does it compare city-wide?
At 7,149 sqft, the lot is significantly larger than most in North Inkster Industrial. However, it is slightly above the city-wide average of 6,570 sqft. This perspective highlights that you are getting excellent local land value, but the lot size is not exceptionally large compared to some older Winnipeg neighbourhoods.
4. The home sold in 2019. What can that tell me?
The previous sale price (in the $500k-$550k range) provides a historical benchmark. The increase to the current $657k assessment suggests significant appreciation, which could be due to market trends, home improvements, or the maturation of the new neighbourhood. It’s a useful data point for understanding the property’s trajectory.
5. Where can I get verified sale history and exact past prices?
The provided data is sourced from public records, not the MLS. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as per their data notes. This is a common practice due to real estate industry data restrictions.