Property Overview: 160 Cheema Drive, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This is a modern, low-maintenance home built in 2023, offering a move-in-ready experience in Winnipeg's North Inkster Industrial area. With 1,615 sqft of living space, it provides ample room for a small family or couple, ranking above the city-wide average for interior size. Its primary appeal lies in its new construction, which places it in the elite top 4% of homes in its immediate area and top 1% city-wide for age, suggesting modern building standards, efficiency, and minimal immediate repair needs.
The assessed value of $423k is fairly typical for the street and neighbourhood, but sits above the city-wide average, reflecting the premium for newer homes. A thoughtful perspective is the lot size: at 3,065 sqft, it is smaller than most city lots. This translates to less yard upkeep—a benefit for those seeking a lock-and-leave lifestyle—but less private outdoor space for gardening or expansion.
This property would best suit first-time homebuyers or downsizers who prioritize a modern, efficient home without the worries of an older property. It’s also a practical fit for buyers who value their time and prefer to spend it indoors rather than on extensive yard maintenance or renovations.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to its neighbours?
The home’s assessed value is around the average for both Cheema Drive and the broader North Inkster Industrial area. However, it is assessed higher than the typical Winnipeg home, which is largely due to its very recent construction year.
2. What are the implications of the smaller lot size?
The lot is below the city-wide average for size. This means lower maintenance and potentially lower property taxes tied to land value, but it also offers less potential for additions like a large deck, shed, or future expansion compared to properties on larger lots.
3. Is this a good investment compared to older homes?
While newer homes often command a price premium, they also typically incur lower short-term maintenance costs. The data shows it last sold between $350k-$400k in early 2023. Its current assessed value suggests it has held or increased in value in a stable neighbourhood context.
4. What does the "Industrial" area designation mean for living here?
North Inkster Industrial is a mixed-use area. Residents benefit from newer housing stock, but should be aware of potential commercial or light industrial traffic nearby. It’s advisable to visit at different times to gauge the neighbourhood atmosphere.
5. Where can I get verified historical price data?
The sold price shown is based on public data. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as this information is not sourced from the MLS.