Property Overview: 701 Castlebury Meadows Drive
Key Characteristics & Appeal
This home at 701 Castlebury Meadows Drive presents a compelling blend of modern construction and above-average space. Built in 2017, it is a relatively new property that stands out significantly compared to Winnipeg’s older housing stock. With 1,900 square feet of living area, it offers more interior space than most homes in its immediate neighborhood and across the city. The lot size of 5,905 square feet is also generous for the area, providing ample outdoor space.
The appeal lies in its strong positional value within its market tiers. The assessed value of $603,000 places it consistently in the top 11% of its street and neighborhood, indicating it is perceived as a premium property in its locale. This suggests not just a well-sized home, but likely one with finishes or attributes that justify the higher valuation. For buyers, this means acquiring a property that already performs well against its peers, which can be a stabilizing factor.
This home would suit buyers looking for a modern, move-in-ready property without the premium often attached to brand-new builds. It’s ideal for growing families who need the extra indoor and outdoor space, or for professionals seeking a home with less maintenance due to its newer age. A thoughtful perspective is that its strong rankings within the neighborhood might offer a degree of insulation from market fluctuations, as it represents a top-tier offering in its category rather than an average one.
Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The home sold in March 2018 for between $450,000 and $500,000. The current assessed value of $603,000 reflects market appreciation over the past several years and is consistent with it being a top-tier property in the area.
2. Is the lot size typical?
The lot is larger than average for both Castlebury Meadows Drive and the wider North Inkster Industrial area. However, compared to the city-wide average, it is slightly smaller. This indicates you are getting a generous yard for the neighborhood, which often features newer, denser developments.
3. What does the “Elite” city-wide ranking for Year Built mean?
This highlights that a home built in 2017 is newer than approximately 95% of all homes in Winnipeg. This is a key advantage, suggesting newer building materials, modern layouts, and potentially lower immediate costs for major system replacements.
4. Are the sold prices shown the exact figures?
No. The publicly available data shows a price range. To obtain the exact historical sold price and full transaction history, you must request a manual lookup from the site via email, as they do not display MLS records.
5. What is the significance of the consistent “above average” rankings?
The home ranks in the top 20% or better for living area and top 11% for value across its street, neighborhood, and city. This consistency indicates it is a standout property not just on its block, but in a broader context, which can be a marker of enduring quality and desirability.