Property Overview: 242 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2023, offering a move-in-ready condition with the benefits of a new build, such as contemporary building standards and minimal immediate repair needs. With 1,615 sqft of living space, it provides above-average roominess compared to the typical Winnipeg home, while its assessed value of $418k sits in a moderate tier for the city.
The primary appeal lies in its balance of new construction and practical size. It’s a home that prioritizes the interior living space and modern amenities over a large yard, as the lot size is notably compact compared to most in the area and city. This makes it particularly suited for first-time homeowners, small families, or professionals who value a modern, efficient home without the upkeep of a larger property or an older structure. A thoughtful perspective is that its newer construction in the North Inkster Industrial area suggests a community with modern infrastructure, potentially appealing to those interested in a developing neighbourhood dynamic rather than an established, mature one.
Frequently Asked Questions
1. Is this a good value compared to nearby homes?
The data shows its assessed value is below the average for both its immediate street and the North Inkster Industrial area, while being slightly above the Winnipeg city average. This suggests it may offer relative value within its specific neighbourhood context.
2. What are the trade-offs with such a new home?
The major trade-off is land size. The lot is significantly smaller than most in Winnipeg, which means minimal outdoor private space. This is offset by the advantages of a new build: modern energy efficiency, current building codes, and likely lower maintenance costs in the short term.
3. How does the living space feel for its size?
At 1,615 sqft, the living area is spacious compared to the city-wide average home. It should comfortably accommodate standard living, dining, and bedroom arrangements without feeling cramped, aligning well with modern, efficient floor plans.
4. What does the "Elite" ranking for Year Built mean?
This statistical ranking indicates the home is among the newest 1-4% of properties when compared to its immediate area and the entire city. It highlights the rarity and advantage of a nearly new construction in a housing market filled with much older homes.
5. Why is the sold price from 2023 shown as a range?
Publicly available non-MLS sales data is often presented in broad bands for non-registered users. To obtain the exact historical sale price and verified figures, you must request a manual lookup from the site via email, as they do not display proprietary MLS sales records.