238 Cheema Drive

Property Summary: 238 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 roominess compared to the typical Winnipeg home, while its assessed value of $418k sits in a moderate range for the city.

The primary appeal lies in its balance of new construction and practical size within a developing area. It suits buyers seeking a modern home without the premium often attached to newer properties in more established neighbourhoods. 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 more efficient use of interior space. The data suggests it represents a "sweet spot"—newer and larger than the city norm, yet priced accessibly within its immediate area. This profile would particularly suit first-time buyers, small families, or professionals looking for a modern, efficient home with minimal immediate upkeep.

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, while its living area is close to the average and it's one of the newer homes on the block. This suggests you may be getting a relatively newer home for a lower assessed value compared to neighbours, though final market price will depend on condition and features.

2. What does the "Elite" ranking for the year built mean?
It means this home is among the newest 1-4% of homes in its broader area and citywide. Built in 2023, it is significantly newer than the average Winnipeg home (built in 1966) and newer than most in the North Inkster Industrial area.

3. The lot seems small. Is that a concern?
The lot is indeed smaller than most in Winnipeg. This typically translates to less yard maintenance and can be a benefit for those not wanting extensive outdoor upkeep. It's important to personally assess if the outdoor space meets your needs.

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 via email from the site provider.

5. What type of neighbourhood is North Inkster Industrial?
The area appears to be in a phase of newer development, as indicated by the number of recent builds. It's advisable to research the specific location for amenities, transportation, and the mix of residential versus light industrial uses to ensure it fits your lifestyle.