Property Overview: 503 Castlebury Meadows Drive

Key Characteristics, Appeal & Ideal Buyer

This home, built in 2017, is a modern property in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its relative newness and above-average citywide positioning. With 1,583 sqft of living space, it is comfortably sized, ranking above average compared to all Winnipeg homes. The assessed value of $531k follows a similar pattern, placing it within the top 15% citywide, suggesting a solid valuation in the broader market.

The property suits buyers seeking a relatively contemporary home without a premium for a central or historic location. It represents a balanced option: newer than most city homes, with space and value metrics that are strong citywide but more average within its immediate neighborhood and street. This indicates a buyer who prioritizes modern construction and city-scale value over being in a distinctly high-ranking local enclave. The lot size is standard for the area, aligning with expectations for a newer subdivision.

Frequently Asked Questions

1. How does this home truly compare to others nearby?
While its year built is newer than most on its street, its living area and assessed value are generally on par with the local average for North Inkster Industrial. Its standout metrics are most apparent when viewed against the entire Winnipeg housing stock.

2. What does the sold price history indicate?
Records show it last sold in August 2020 for between $400k and $450k. This past sale price ranked in the top 24-37% across different comparison ranges, indicating a history of strong market performance relative to peers.

3. Is the assessed value a reliable indicator of the market price?
The assessed value ($531k) is a municipal valuation for tax purposes. It consistently ranks above average, especially citywide, which is a positive sign. However, market price is determined by current conditions and should be verified with a professional appraisal and recent comparable sales.

4. What are the less obvious considerations of the location?
The neighborhood name, "North Inkster Industrial," suggests a mixed-use area. Buyers may wish to research the specific balance of residential, commercial, and industrial properties to gauge factors like traffic, noise, and future development plans.

5. How can I get verified historical sale data?
The site notes that exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service where you can request the full transaction history be emailed to you, typically by the end of the same business day.