Property Overview: 152 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. With 1,615 square feet of living space, it provides comfortable, contemporary living that is above average in size compared to the broader city. Its primary appeal lies in its new construction, which means modern building standards, energy efficiency, and minimal immediate repair concerns.
A thoughtful perspective is its value positioning. The home's assessed value ($417k) is notably below the average for its own street, suggesting it may offer a more accessible entry point into a newer development area. While the lot size is compact compared to typical city lots, this aligns with newer suburban developments and translates to less yard upkeep.
This property would suit first-time buyers or busy professionals seeking a modern home without the hassles of aging infrastructure. It’s also a practical fit for those who prioritize interior space and new appliances over a large garden, and for buyers who see value in a home priced below the immediate neighbourhood average, potentially allowing for equity growth as the area matures.
Frequently Asked Questions
Q: How does the property’s value compare to its neighbours?
A: The assessed value is below the current average for Cheema Drive itself, but aligns more closely with the wider area and city averages. This could indicate a value opportunity on a street of newer, similarly-sized homes.
Q: What are the implications of the "Industrial" area designation?
A: North Inkster Industrial is a mixed-use area. Buyers should consider the potential for commercial or light industrial activity nearby, which may influence traffic patterns and the overall streetscape, but also contributes to proximity to employment hubs.
Q: Is the lot size a concern?
A: The lot is smaller than the Winnipeg city average, which is common for newer subdivisions. This means less outdoor maintenance but also limited space for expansions, large gardens, or extensive outdoor recreation.
Q: The home sold recently in 2023. Why is it back on the market?
A: The provided data shows a sale in 2023, but does not indicate a current listing. This summary is based on its historical data and characteristics. For current status, you would need to check active listings or consult a real estate agent.
Q: How reliable are the sold price figures shown?
A: The site notes its sold price data is from public sources, not the MLS, and is presented in ranges. For fully verified and exact historical sale figures, you must request a manual lookup from the provider or consult official records through a real estate professional.