Property Overview: 16 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This modern property, built in 2023, offers a compelling blend of space, new construction, and established value in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its above-average metrics across key categories. With 1,910 sqft of living area, it provides more space than most homes on its street, in its area, and across the entire city. The assessed value of $608,000 is notably higher than local and city-wide averages, indicating a strong valuation position.
The home is essentially new, ranking in the top 1% of homes city-wide for its year of build, which suggests minimal immediate maintenance and modern building standards. The lot size of 4,018 sqft is typical for the immediate neighbourhood but is smaller than the Winnipeg average, pointing to a lower-maintenance yard suited to modern lifestyles.
This property would ideally suit buyers seeking a turn-key, modern home who prioritize interior space and contemporary amenities over a large yard. It’s a strong fit for professionals or small families looking in a developing area, offering the benefits of a new build without being in a remote location. The data suggests it appeals to a buyer valuing statistical outperformance—its rankings indicate a property that stands out in its peer group for size, newness, and official valuation.
Frequently Asked Questions
1. How does the property’s value compare to what it last sold for?
It sold between $550,000 and $600,000 in August 2023. The current assessed value of $608,000 is at or above that sale price range, reflecting market recognition of its value.
2. Is the lot size a disadvantage?
While the lot is smaller than the city average, it is consistent with and even slightly larger than the average for Cheema Drive. This typically means less yard upkeep and can be a practical advantage for many buyers.
3. What does the "Elite" ranking for year built mean?
Ranking in the top 1% city-wide for year built confirms the home is among the newest available in Winnipeg. This translates to modern construction, current building codes, and likely greater energy efficiency.
4. The home is in an "Industrial" area. What should I consider?
The North Inkster Industrial designation relates to the broader planning zone. Prospective buyers should visit at different times to assess the ambient environment, including traffic, noise, and the specific character of the immediate residential street.
5. Where can I see verified historical price data?
The provided sold price is from public records. For a complete, verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as MLS data is not displayed here.