266 Cheema Drive

Property Overview: 266 Cheema Drive, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

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 ample room for a small family or couple, ranking above the city-wide average for interior size. Its primary appeal lies in this modern efficiency within a developing area.

The property presents a notable value perspective. Its assessed value of $410k is below average for its immediate street but aligns more closely with averages across the wider North Inkster Industrial area and the city. This suggests you may get more modern home for your dollar here compared to many other city neighbourhoods, though on a smaller, more compact lot (2,429 sqft). The lot size is significantly below average for the area and city, indicating a focus on the home itself rather than outdoor space.

This home would best suit first-time buyers or downsizers seeking a modern, manageable property without the upkeep of an older home. It’s ideal for those who prioritize interior space and new construction amenities over a large yard. Investors may also see appeal in a newer asset with lower immediate maintenance needs in an industrial-zoned area that could attract tenants looking for modern rentals.

Frequently Asked Questions

1. Is this a good value for a newer home?
The data suggests it could be. While the assessed value is below the average for homes on Cheema Drive itself, it is competitive when compared to the broader neighbourhood and city. You are acquiring a home in the top 1% of the city for its newness, which often carries a premium elsewhere.

2. What are the trade-offs for getting a newer home at this price point?
The most significant trade-off is land size. The lot is in the bottom 3% city-wide for size. This means minimal private outdoor space and potentially closer proximity to neighbouring houses, which is a common characteristic of newer infill developments.

3. How does the North Inkster Industrial area affect livability?
The "Industrial" zoning means the area is mixed-use. Residents should be prepared for the potential of commercial or light industrial traffic and activity nearby, which can differ from a purely residential suburban feel. This often contributes to more affordable pricing.

4. The home sold recently in 2023. What does that indicate?
It indicates a very recent resale, which is uncommon for a new build. Potential buyers may want to investigate the reason for the quick turnaround through a real estate professional, as it could range from a change in the owner's circumstances to other factors worth understanding.

5. Where can I get verified sale price history for this property?
The provided data notes that exact sold prices are not displayed publicly on this site due to industry rules. You must request the exact figures via email from the service, which will perform a manual lookup. The sold price range shown is an estimate based on public data.