Property Overview: 100 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, above-average sized home in Winnipeg's North Inkster Industrial area, built in 2023. Its primary appeal lies in its new construction and spaciousness relative to its context. With 1,901 sqft of living area, it ranks within the top 30% on its street and top 20% in the local area for size, offering more room than many nearby homes. The assessed value of $586k is notably higher than averages for the street, area, and city, positioning it as a premium offering in this neighbourhood.
The home suits buyers looking for a move-in ready, modern property without the maintenance concerns of an older build. It’s particularly fitting for those who value space and new amenities but are comfortable with a value that sits significantly above the neighbourhood norm. A thoughtful perspective is that while the lot size is generous for the street (top 9%), it is closer to the area average, suggesting the value is driven more by the home's newness and square footage than by land. This represents a turn-key option in a neighbourhood where much newer inventory is rare.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value of $586k is above average for every comparison level. It ranks in the top 28% on Cheema Drive, the top 17% in North Inkster Industrial, and the top 9% citywide, indicating it is a higher-valued property within its immediate context.
2. Is the property in a new development area?
Yes. The 2023 build date places it among the newest homes in Winnipeg (top 1% citywide) and elite for the area (top 4%). Several nearby properties on Cheema Drive also show recent construction, suggesting this is a newer subsection of the neighbourhood.
3. What are the potential implications of the "Industrial" area designation?
The North Inkster Industrial classification may influence the types of nearby businesses, traffic patterns, and future development. Buyers should personally investigate the immediate surroundings to ensure the environment aligns with their lifestyle expectations.
4. How reliable is the sold price data shown?
The listed sold price range from July 2023 ($600k-$650k) is based on publicly available internet data, not the MLS. The site notes that for fully verified and exact transaction figures, a manual lookup via email request is required.
5. Is the lot size typical?
The 4,297 sqft lot is larger than most on Cheema Drive (top 9%) but is around the average for the wider North Inkster Industrial area. Citywide, lots are generally larger, so this property offers a more standard suburban lot size rather than an exceptionally large one.