Property Overview: 192 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, recently built home (2023) situated in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its new construction, offering a move-in-ready condition with contemporary building standards and minimal maintenance concerns in the near future. With 1,200 sqft of living space and a 4,000 sqft lot, the home provides a compact, efficient layout on a parcel that is typical for its immediate street and neighborhood.
The property presents a notable value perspective. While its assessed value ($396k) is below the average for its specific street and industrial-area neighborhood, it aligns closely with the city-wide average for comparable homes. This suggests it may offer more modern amenities than many older city homes at a similar price point. However, it is one of the smaller homes on its street and in the immediate area. This combination of new build, manageable size, and competitive city-wide pricing makes it particularly suited for first-time homebuyers, small families, or investors seeking a modern property without a premium price tag. It’s a practical choice for those who prioritize a newer home over maximum square footage.
Frequently Asked Questions
1. Is this a good value for the money?
Based on the data, its assessed value is very competitive when compared to the overall Winnipeg market, where it sits near the average. You are essentially paying a city-typical price for a home that is significantly newer than most.
2. What does "North Inkster Industrial" mean for living here?
This is an industrial-zoned neighborhood. Residents should be prepared for the potential of commercial traffic, noise, and activity from nearby businesses, which is a trade-off for the typically more affordable property prices in such areas.
3. The home seems smaller than others on the street. Is that a concern?
The living area is below average for Cheema Drive. This means you're buying into a street with generally larger homes, which could be a factor for future resale value or if you plan to expand. However, the lot size is average for the street, offering outdoor space.
4. How reliable is the sold price data shown?
The site notes that sold price data is from public sources, not the MLS, and is presented in a range. For fully verified and exact historical sale figures, you must request them directly from the site via email.
5. The home is only a few years old. What should I check?
Even with a new build, a thorough inspection is wise. Focus on the quality of the initial construction, warranty coverage that may still be in effect, and ensuring all permits were finalized. Also, investigate if the property has been fully assessed and taxed as a finished home.