Property Overview: 64 Cheema Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, above-average sized home in Winnipeg's North Inkster Industrial area. Built in 2023, it offers nearly 1,900 sqft of living space, which places it comfortably above the citywide average. With an assessed value of $577,000, it sits in the top 10% of Winnipeg homes by valuation, indicating a premium property within its market.
The primary appeal lies in its combination of new construction and spacious interior. As a near-new build, buyers can expect modern building standards, energy efficiency, and minimal immediate maintenance. Its living area is notably larger than most Winnipeg homes, providing ample room for families or those who value space. The lot size, while smaller than the city average, is typical for newer developments and requires less upkeep.
This property would best suit buyers looking for a modern, move-in-ready home who prioritize interior space over a large yard. It’s ideal for professionals or families wanting a contemporary layout without the concerns of an older home. The above-average assessment also suggests it may appeal to those viewing the purchase as a long-term investment in a solid asset, likely with higher-quality finishes and construction.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the immediate area?
On Cheema Drive itself, this home is very modern (top 13% by year built) and is above average in both size and assessed value compared to its direct neighbours. It is a standout property in the broader North Inkster Industrial area, ranking in the top 4% for its newness.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $577k is a strong benchmark for municipal taxation, but market conditions ultimately determine sale price. Notably, this home's assessed value is significantly higher than the Winnipeg average ($390k), reflecting its premium attributes. Historical data shows it last sold between $550k-$600k in early 2023.
3. What are the trade-offs with a newer home like this?
The major trade-off is lot size. While the interior is spacious, the land area is smaller than the Winnipeg average. This means less outdoor private space but also lower yard maintenance. The premium for new construction and modern efficiency is reflected in the higher valuation.
4. How does the "North Inkster Industrial" neighbourhood impact living here?
The name denotes the planning area. Buyers should research the specific street and nearby amenities to understand the living environment, as it will mix residential with potential light industrial or commercial uses. The high property values on the street suggest a well-regarded residential pocket within this district.
5. Where can I get verified historical price data for this property?
The site's sold price data is based on public records, not the MLS. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site administrators via email, as industry rules prevent the direct display of MLS records here.