239 Cheema Drive

Property Summary: 239 Cheema Drive, Winnipeg

Key Characteristics & Appeal

This vacant land parcel at 239 Cheema Drive is situated in Winnipeg's North Inkster Industrial area. The lot spans 3,051 square feet and presents a straightforward development or investment opportunity. Its primary appeal lies in its positioning within a dedicated industrial zone, offering utility for business-related uses. The data indicates the assessed value is notably low compared to nearby developed properties, suggesting the value is almost entirely in the land itself, free of structures to remove or renovate.

This property would suit a specific type of buyer: an investor or business owner looking for a foothold in the industrial market, possibly for storage, a small-scale workshop, or as a long-term land hold. Its appeal is functional rather than aesthetic, targeting those with practical plans for the space. A less obvious perspective is its potential for someone seeking to control a specific location within this industrial corridor, where neighboring plots show newer constructions with significantly higher assessed values, indicating an area of active development and rising valuations.

Frequently Asked Questions

1. What can I build on this property?
Any development would be governed by the zoning bylaws for the North Inkster Industrial district. Prospective buyers must consult with the City of Winnipeg’s planning department to understand permitted uses, building size restrictions, setback requirements, and all necessary development permits.

2. Why is the assessed value so much lower than the nearby houses?
The listed comparable properties with higher values (e.g., 172 Cheema Drive at $42.20k) are improved lots with recently constructed buildings. This assessment reflects the value of the vacant land only, without any structures.

3. Are utilities available to the site?
This is a critical due diligence question. While the area is developed, you must verify with the city and local utility providers the availability and cost of connecting water, sewer, natural gas, and electricity directly to a new build on this specific lot.

4. What are the annual property taxes?
Taxes are calculated based on the assessed value and the annual municipal tax rate. With an assessed value of $15,700, the tax liability would be relatively low for a city property, but the exact amount should be confirmed with the City of Winnipeg’s tax department.

5. Is the land ready to build on, or is site preparation needed?
As a vacant lot, it may require grading, filling, or other site preparation work before construction can begin. A site visit and potentially a professional survey or geotechnical review would be necessary to identify any conditions affecting buildability or cost.