Property Overview: 204 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This home is a modern, low-maintenance property built in 2023, offering a move-in-ready experience in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its contemporary construction and efficient use of space. With 1,615 sqft of living area, the interior is above the city-wide average, providing comfortable room for daily life without excessive upkeep.
The data presents a nuanced picture. While the home is newer than over 99% of properties city-wide, it sits on a compact lot, which is typical for newer developments. This translates to less yard maintenance—a plus for those seeking a lock-and-leave lifestyle—but limited private outdoor space. The assessed value of $416k is notably lower than the average for its immediate street, potentially indicating value relative to its newer neighbours, yet it sits around the average for the broader area and city.
This property would best suit first-time homebuyers, small families, or professionals who prioritize a modern, efficient home with newer systems and finishes. It’s ideal for buyers who value a contemporary interior space over a large yard and are looking for a sensible entry point into a newer construction neighbourhood.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The assessed value is below the street average, which often includes larger, older lots. For a home built in 2023, this price point can represent a relative value for buyers specifically seeking a new construction home without a premium lot size.
2. What does "North Inkster Industrial" mean for the neighbourhood feel?
This area is characterized by a mix of residential and light industrial uses. It typically offers more affordable housing options and good accessibility to major routes. Buyers should visit to ensure the surrounding commercial activities align with their lifestyle preferences for noise and traffic.
3. How significant is the smaller lot size?
The lot is compact, even compared to nearby newer homes. This is a trade-off: it means minimal yard work but also limited potential for expansions like large decks, sheds, or extensive landscaping. It emphasizes low-maintenance living.
4. The home sold twice recently. Should that be a concern?
The sales in 2023 and early 2024 are common for new constructions, often involving an initial sale from the builder to the first owner, followed by a resale. It doesn’t inherently indicate a problem but is a point to discuss with your agent, who can request the full transaction history for clarity.
5. Why is the assessed value different from the last sold price?
Municipal assessed value for taxation purposes often lags behind current market values and uses a different valuation model. The last sold price is a better indicator of the home's market value at that specific time. For the most accurate and verified sale history, you can request the exact figures via email from the site.