Property Overview: 28 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, well-sized home built in 2022, offering a move-in-ready opportunity in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its balance of space, condition, and value. With 1,900 sqft of living area, it provides above-average space for both the immediate area and the city overall. The assessed value of $575k positions it as a premium property citywide (top 10%), yet it is competitively priced within its own neighbourhood and street.
The home sits on a 4,241 sqft lot, which is notably larger than most on Cheema Drive, offering more outdoor space than many newer builds. A thoughtful perspective is that while the home is newer than most in Winnipeg, it is actually one of the older homes on its specific street, where development is very recent. This suggests a more established lot in a fledgling community, potentially with matured landscaping.
This property would best suit buyers looking for a modern home without the wait of new construction, who value interior space and a sizable lot in a developing area. It’s ideal for those who want a home that stands out in terms of assessed value and size compared to the wider city, while still being in line with local market trends.
Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
It sold in November 2022 for an estimated $600k-$650k. The current $575k assessed value is below that sale price range, which may reflect market adjustments or the municipality's assessment methodology.
2. Is the lot size a pro or a con?
It depends on your priorities. The lot is larger than most on the street, which is a advantage for privacy and outdoor use. However, it is smaller than the citywide average lot, which is typical for newer subdivisions.
3. The home is listed as being in an "Industrial" area. What does that mean for living here?
"North Inkster Industrial" is the community name. The surrounding properties are primarily residential, as shown by the nearby listings. Buyers should still investigate the broader area for any light industrial or commercial influences.
4. Why is the "Year Built" ranking on the street so low?
The ranking is comparative. On a street where most homes were built around or after 2023, this 2022 build is slightly older. This isn't a negative; it simply means the entire street is very new.
5. Where can I get the exact historical sold price data?
The website notes that due to industry rules, exact MLS sold prices are not displayed publicly. You must request the exact figures via email from the site provider, who will manually look them up and send them to you.