Property Overview: 539 Castlebury Meadows Drive

Key Characteristics & Buyer Appeal

This home presents a compelling blend of modern build quality and above-average space. Built in 2017, it offers a contemporary foundation with nearly a decade of established living. Its primary appeal lies in its generous proportions: with 2,041 sqft of living area, it ranks within the top 16% on its own street and the top 11% in the North Inkster Industrial area, offering significantly more interior space than the Winnipeg city average. The 4,725 sqft lot provides ample outdoor space relative to its immediate neighbourhood.

The assessed value of $570,000 positions it above average at every comparison level—street, area, and city-wide. This suggests a perception of solid value and quality relative to peers. A thoughtful perspective is that this property isn't an outlier in a high-cost area, but a standout home in a more moderately priced neighbourhood, offering premium space without the premium postcode price tag. It would particularly suit buyers looking for a move-in ready, modern home who prioritize interior square footage and a newer build over a massive yard, and who appreciate a property that benchmarks strongly against its immediate competitors.

Frequently Asked Questions

1. How does this home’s value compare to what the seller paid?
The home sold in October 2017 for an estimated $400,000–$450,000. The current $570,000 assessed value indicates significant equity growth over nine years, reflecting both market trends and the established desirability of this specific property.

2. Is the lot size a pro or a con?
It depends on your priorities. The lot is above average for the street and area, offering good private outdoor space. However, it is smaller than the city-wide average lot. This typically translates to less yard maintenance—a plus for many modern buyers—but may not suit those seeking extensive gardens or sprawling outdoor recreation space.

3. What does the "Elite" city-wide ranking for Year Built mean?
While the home is average-aged for its own neighbourhood (built 2017 vs. area avg. 2018), it ranks in the top 5% city-wide because Winnipeg has a large inventory of older homes (city avg. year built is 1966). This highlights a key advantage: you get a modern home with contemporary systems and design, without paying the premium typically found in newer suburban developments.

4. The assessed value is high for the area. What does that indicate?
A higher assessment relative to area averages often points to above-standard finishes, upgrades, or desirable features not captured in basic metrics. It can also reflect the premium for the larger living area and newer construction. It’s a sign this is likely one of the more substantial homes in the vicinity.

5. How can I verify the exact historical sale price?
The site provides sold price ranges for quick reference. Due to data licensing rules, exact sale figures are not published publicly. You can request the precise transaction history by emailing the site directly for a manual lookup, which they provide as a free service.