Property Overview: 455 Castlebury Meadows Drive

Key Characteristics & Appeal

This home at 455 Castlebury Meadows Drive is a modern property built in 2017, offering a practical and efficient living space. Its key appeal lies in its contemporary age, placing it among the newer 5% of homes city-wide, which suggests updated building standards and less immediate need for major repairs. With 1,400 sqft of living area, the home provides a comfortable size that is very close to the Winnipeg average, making it a sensible option for small families, couples, or first-time buyers seeking a move-in-ready, low-maintenance property.

The assessed value of $402k sits below the averages for its immediate street and North Inkster Industrial area, but aligns closely with the broader city average. This presents a value proposition: you acquire a newer home at a city-typical price within a neighbourhood where comparable properties are often valued higher. The lot size is compact at 2,951 sqft, which translates to less yard upkeep—a plus for those seeking a lock-and-leave lifestyle or who prefer to spend less time on maintenance.

This property would best suit pragmatic buyers who prioritize modern construction and efficient use of space over expansive square footage or large yards. It’s a solid choice for those entering the market or downsizing, offering a balance of newer amenities and a manageable footprint without a premium price tag for its specific area.

Frequently Asked Questions

1. How does this home’s value compare to its neighbours?
The home’s assessed value is below the average for both Castlebury Meadows Drive and the wider North Inkster Industrial area. This could indicate a value opportunity relative to immediate comparables, but it’s important to investigate the specific features and condition that may contribute to this difference.

2. What are the implications of the smaller lot size?
At 2,951 sqft, the lot is more compact than many in the city. This means lower maintenance and potentially lower property taxes tied to land value, but it also offers less private outdoor space. It’s ideal for those who prefer a simpler yard but may not suit gardeners or those wanting extensive outdoor recreation space at home.

3. The home is newer, but is the living space smaller than others nearby?
Yes. At 1,400 sqft, the living area is below the average for both the street and the area. This reflects a more efficient, modern floor plan. Buyers should consider if the layout and number of rooms meet their spatial needs, as the overall square footage is modest for the neighbourhood.

4. What can the 2020 sale price range tell me?
The property sold between $350k-$400k in March 2020. Given the assessed value is now $402k, this shows market appreciation over the past five years. For a precise sale history, you must request the exact figures via email, as per the site’s data policies.

5. Is this a good option compared to the overall Winnipeg market?
On a city-wide scale, this home stands out for its age (newer than 95% of homes) and offers a living space slightly above the Winnipeg average. Its value is also just above the city average. This positions it as a competitively modern and appropriately sized home within the broader market context.