Property Overview: 75 Castlebury Meadows Drive
Section 1: Key Characteristics & Appeal
This home at 75 Castlebury Meadows Drive is a well-situated, modern property built in 2016. With 1,501 sqft of living space and a 4,237 sqft lot, it offers comfortable, contemporary living in the North Inkster Industrial area of Winnipeg.
The primary appeal lies in its balance and relative value. While the home is fairly typical for its immediate street and neighborhood in terms of size, value, and lot, it stands out significantly when viewed city-wide. Its living space is above the Winnipeg average, and its assessed value of $506K places it within the top 19% of the city, suggesting strong broader market appeal for a relatively newer build. The home’s history shows steady value growth, having sold previously in 2016 and 2019.
This property would suit practical buyers looking for a modern, low-maintenance home without the premium often attached to newer builds in newer suburbs. It’s ideal for someone who values being in a settled community of similar-aged homes and appreciates a solid investment profile that performs well against city-wide benchmarks. It may also appeal to those who prioritize interior space over a large yard, as the lot is more compact compared to the Winnipeg average.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is very close to the average for both Castlebury Meadows Drive and the wider North Inkster Industrial area. This indicates it is priced consistently within its local market, neither an outlier nor a bargain based on municipal assessment.
2. Is the home considered new or old?
Built in 2016, it is a modern home with contemporary building standards. Interestingly, while it’s slightly older than the average on its street, it is significantly newer than the average Winnipeg home (built in 1966), placing it in the top 6% city-wide for age.
3. What does the sold price history indicate?
The home sold in 2016 and again in 2019. The data shows its sold price ranked higher in the area in 2019 than it did in 2016, suggesting a trend of increasing market position over that period. Exact sold prices are available upon request.
4. Is the lot size a pro or a con?
This depends on preference. The lot is typical for the neighborhood but is about 35% smaller than the average Winnipeg lot. This means less yard maintenance but also less private outdoor space, which is an important trade-off to consider.
5. Where can I see more detailed comparisons?
A dedicated neighbourhood analysis page is available to view this property on a map alongside nearby homes, allowing for detailed comparison of year built, living area, assessed value, and lot size with immediate neighbors.