Property Overview: 200 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2023, offering a move-in-ready condition with the benefits of a new build, such as contemporary building standards and likely remaining warranty coverage. With 1,615 sqft of living space, it provides above-average interior room compared to the typical Winnipeg home. Its assessed value of $418k positions it as a mid-range property in the city, suggesting a balanced entry point into the newer housing stock.
The primary appeal lies in its modernity and efficiency. As a nearly new construction in the North Inkster Industrial area, it represents a practical, "set-and-forget" property for those prioritizing a modern layout and minimal immediate repair concerns. A thoughtful perspective is that while the lot size is compact relative to most of the city, this aligns with a lower-maintenance lifestyle and can mean lower property taxes and upkeep costs. The home last sold between $350k-$400k in late 2023, indicating a potentially stable value trajectory in its early years.
This property would best suit first-time buyers or downsizers seeking a modern, manageable home without the renovation demands of an older property. It’s also a pragmatic fit for investors or owners looking for a newer asset in a developing industrial-residential area, who value modern infrastructure over a large yard.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The home’s assessed value is below the street average ($418k vs. $500k), while its living space is slightly below the local average. This suggests you may be paying primarily for the modern build year and condition rather than sheer size.
2. What are the implications of the smaller lot size?
At 2,532 sqft, the lot is compact. This means minimal yard maintenance, but also limited potential for expansions like large decks, additions, or extensive landscaping. It emphasizes indoor living space over outdoor private space.
3. The area is labelled "Industrial." What does that mean for living here?
North Inkster Industrial is a mixed-use area. Expect proximity to businesses and light industry, which can mean convenient access to services but also potentially more commercial traffic and different neighborhood character compared to purely residential suburbs.
4. How current and reliable is the sold price data shown?
The sold price range ($350k-$400k) is from public records, not the MLS, and is from November 2023. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email.
5. Why is the year built considered "Elite" in the rankings?
Compared to Winnipeg's overall housing stock, where the average home was built in 1966, a 2023 build is in the top 1% for newness. This is a standout feature city-wide, even if it's more common on its immediate street.