Property Overview: 184 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2023, offering a turn-key opportunity in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its balance of new construction and a larger-than-average lot for its immediate area. At 1,200 sqft, the living space is compact compared to newer neighbours but is close to the city-wide average, suggesting an efficient layout. The assessed value of $401k sits below the local area average, potentially indicating room for equity growth as the new neighbourhood matures.
The property suits first-time buyers or downsizers seeking a new build without the wait, who prioritize a modern, maintenance-light home over expansive square footage. It also appeals to value-conscious buyers who recognize the advantage of a larger lot (4,841 sqft) in a newer subdivision—a combination that provides space for outdoor enjoyment or future expansion, which is often scarce in such developments.
A thoughtful perspective is that this home represents a pragmatic entry into a freshly established community. While it ranks lower for size and value on its own street, this is common for more modest models in a new development where larger, premium homes set a high benchmark. Its city-wide rankings are solid, highlighting that it’s a competitively sized and valued property when viewed across all of Winnipeg.
Frequently Asked Questions
1. Why is the assessed value below the neighbourhood average?
The home’s assessed value of $401k is below the averages for both the street and the North Inkster Industrial area. This is likely because it is one of the more modest-sized homes in a new development where larger, potentially more upgraded models have been built, pulling the local average up. Its value is actually above the city-wide average.
2. What does the "Elite" ranking for Year Built mean?
A ranking in the top 1-5% city-wide for year built confirms this is one of the newest homes available in Winnipeg. Built in 2023, it offers modern building standards, energy efficiency, and should have minimal immediate repair needs.
3. Is the lot size a pro or a con?
It’s a significant pro for the immediate area. At 4,841 sqft, the lot is larger than most on the street and in the North Inkster Industrial area, offering more private outdoor space than many newer homes. While it’s around average city-wide, larger lots are less common in new subdivisions, making this a notable feature.
4. Who would this home not suit?
It may not suit buyers who need significant living space now, as it’s smaller than most direct neighbours. It might also not fit those sensitive to being in an "Industrial" designated area, though this often refers to the area’s zoning mix rather than an immediate factory setting.
5. How can I verify the exact past sale price?
The listed sold price range is based on public data. Due to industry rules, exact MLS sale figures are not displayed here. You can request the exact sale history by email using the "Request exact figures by email" link on the property page; the service is provided manually without cost or marketing spam.