Property Overview: 250 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2023, offering a move-in-ready opportunity in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its new construction, which means modern building standards, energy efficiency, and minimal immediate repair concerns. With 1,615 sqft of living space, the home is above average for the city overall, providing comfortable room for a small family, couple, or individual.
The data presents a balanced profile: the assessed value is positioned as average for its immediate street and area, but is above the citywide average, suggesting you are paying a premium for the newer build and specific location. A notable characteristic is the lot size, which is smaller than most comparables on the street, in the area, and across Winnipeg. This translates to less yard maintenance—a plus for those seeking a lock-and-leave lifestyle—but less private outdoor space.
This property would best suit a buyer prioritizing modern convenience over lot size. It’s ideal for a first-time homebuyer wanting a new build without a custom project, a professional seeking a modern and efficient home base, or an investor looking for a relatively new asset in an industrial-adjacent area that may attract tenants wanting updated features.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
It depends on your lifestyle. The lot is significantly smaller than area averages, limiting expansive gardening or large outdoor recreation space. However, this also means less yard work and lower maintenance costs, which can be a meaningful advantage for busy owners.
2. How does the assessed value compare to the last sale price?
The home sold in March 2023 for between $400,000 and $450,000. The current assessed value is $418,000, indicating the assessment aligns closely with its recent sale price in that range.
3. What does the "Elite" ranking for year built mean?
This statistic highlights that a home built in 2023 is among the newest 1-4% of homes when compared to its wider area and the entire city. It underscores the property's modernity relative to Winnipeg's overall housing stock, which has an average build year of 1966.
4. Who might the North Inkster Industrial area appeal to?
This area typically appeals to those valuing practicality and accessibility. It's often close to major routes and employment hubs. Buyers should be comfortable with an industrial-commercial mix rather than a purely residential neighbourhood feel.
5. Why is the living area "above average" citywide but "around average" locally?
This indicates the home is roomier than most older homes across Winnipeg. However, on its own street and in North Inkster Industrial, it is comparable in size to other nearby properties, which are also generally newer and built to similar modern floorplan standards. You're getting space that is competitive in the immediate market but stands out in the broader city context.