Property Overview: 136 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2023, offering a move-in-ready experience in Winnipeg's North Inkster Industrial area. With 1,615 sqft of living space, it provides ample room for a small family or couple, ranking above the city-wide average for interior size. Its primary appeal lies in its like-new condition, which should translate to minimal immediate repair costs and modern building standards.
The property presents a specific value proposition. Its assessed value of $423k is notably higher than the Winnipeg average, but it sits around the middle range for its own street and immediate neighborhood. This suggests you are paying a premium for the new construction within this specific area, rather than for an oversized lot, as the land area is compact compared to most city homes. The ideal buyer is likely someone prioritizing a modern, efficient home over a large yard, and who values being part of a newer development within a established, industrially-zoned community. It suits buyers looking to avoid the surprises of an older home, but who are comfortable with a property valuation that is driven more by the building itself than the land.
Frequently Asked Questions
1. Is this a true "like-new" home given it was built in 2023?
Yes. With a construction year of 2023, this home is among the newest 1% of homes citywide and the newest 4% in its local area. It likely still has significant warranty coverage on major components.
2. How does the lot size compare to a typical Winnipeg home?
The lot is compact at 3,068 sqft, which is smaller than about 87% of homes across Winnipeg. This is typical for newer infill developments and means lower outdoor maintenance, but less private yard space.
3. The assessed value seems high for the area. Why is that?
The assessment reflects the modern construction and materials. While the value is around average for North Inkster Industrial, it is above the city-wide average because the home itself is a much newer asset compared to Winnipeg's older housing stock.
4. What can the prior sale price tell me?
Records indicate it sold between $400k-$450k in early 2023. This provides a recent benchmark, suggesting the current assessed value is in a plausible range relative to its purchase price at the time.
5. Are there other similar, new homes nearby?
Yes. The data shows several homes on the same street were built around the same time (average year built of 2023 for the street), indicating this is part of a recent subdivision or development phase, offering a consistent neighborhood character.