Property Overview: 48 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This property is a modern, above-average home in Winnipeg's North Inkster Industrial area. Built in 2024, it is one of the newest homes not just on its street but in the entire city, ranking in the top 1-2% for its age. With 2,006 sqft of living space, it offers significantly more room than the average Winnipeg home and stands in the top 6-12% for size within its immediate area.
Its primary appeal lies in its combination of new construction, spacious interior, and a strong assessed value of $626,000, which places it in the elite top 5-6% of comparable properties across all benchmarks. The lot size of 4,465 sqft is generous for the street but more average when viewed across the wider city, suggesting a balanced footprint. A less obvious perspective is that this home offers modern efficiency and minimal immediate maintenance, which is a notable advantage in a city where the average home was built in 1966. It suits buyers looking for a move-in-ready, contemporary property without the premium often associated with brand-new custom builds, and who value space and modern amenities over a traditionally large urban lot.
Frequently Asked Questions
1. How current is the sold price data shown?
The sold price range of CA$600k–650k is from the home's sale in January 2024. This data is based on publicly available information; for fully verified and exact transaction figures, you can request a manual lookup via email.
2. What does the "Elite" or "Top X%" ranking mean for this home?
These rankings compare this property to similar homes on its street, in the North Inkster Industrial area, and across all of Winnipeg. For example, being in the "Top 1%" for year built means it is newer than 99% of homes citywide, indicating exceptional modernity.
3. Is the lot size typical for Winnipeg?
At 4,465 sqft, the lot is larger than most on Cheema Drive but is around the average size for the North Inkster Industrial area. City-wide, it is smaller than the average Winnipeg lot, which is typical for newer developments.
4. Who would this property be most suitable for?
This home is an excellent fit for professionals or families seeking a modern, spacious, and low-maintenance property. It’s particularly appealing to those who prioritize a contemporary living space and strong investment metrics over an older home’s character or a very large yard.
5. How does the assessed value relate to market value?
The assessed value of $626k is for municipal tax purposes and is consistently in the top tier of comparable properties. While not a direct appraisal, it strongly indicates a high-value home relative to its peers. The recent sold price provides a concrete market benchmark from early 2024.