Property Overview: 168 Cheema Drive, Winnipeg
Key Characteristics & Buyer Appeal
This is a modern, low-maintenance home built in 2023, offering the appeal of a nearly new property. With 1,615 sqft of living space, it provides comfortable room for a small family or couple, ranking above the city-wide average for size. Its assessed value of $447k positions it as a premium property compared to the typical Winnipeg home, yet it sits around the average for its immediate North Inkster Industrial neighbourhood and street. This suggests you are paying for modernity and condition in an area that may still be developing its character.
The appeal lies in its turn-key condition and modern build, likely requiring minimal immediate repairs or updates. A thoughtful perspective is the lot size: at 3,065 sqft, it is compact city-wide but standard for the area. This means lower yard maintenance but less private outdoor space—a trade-off that suits a busy, urban lifestyle. The property would ideally suit first-time buyers or professionals seeking a modern home without renovation headaches, or investors looking for a contemporary rental property in an industrial-adjacent area with newer housing stock.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data shows its assessed value is slightly below the street average ($447k vs. $500.2k), while its living area is also a bit smaller than the street average. This could indicate a fair market position, but a professional appraisal is needed to confirm current market value.
2. What does "North Inkster Industrial" mean for living here?
This is an industrial-designated neighbourhood. Residents should be prepared for potential commercial traffic, noise, and activity from nearby businesses, which is often reflected in the property values and lot sizes.
3. How does the recent sale history affect the price?
It last sold between $350k-$400k in April 2023. The current assessed value is higher, which may reflect market appreciation, the final sale price being at the top of that range, or improvements. The exact sale price is available upon request from the site.
4. What are the likely ongoing costs given it's a new build?
While major systems (roof, furnace, windows) should be under warranty or in like-new condition, property taxes will be based on the higher assessed value. The compact lot may also mean lower water bills for outdoor maintenance.
5. Why is the city-wide land area ranking so low?
The lot is significantly smaller than the Winnipeg average (~3,065 sqft vs. ~6,570 sqft). This is typical for newer infill developments and modern subdivisions, which prioritize housing density over large private yards.