Property Overview: 68 Cheema Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, well-sized single-family home built in 2022, offering the appeal of a near-new property with minimal initial maintenance. Its key strength is its above-average scale and value relative to the wider Winnipeg market. With 1,891 sqft of living space, it provides more room than approximately 86% of city homes. The assessed value of $561,000 is notably higher than the city average, yet the home’s modern build and generous living area justify this positioning.
The appeal lies in securing a contemporary home in the North Inkster Industrial area, a neighborhood featuring many newer constructions. For its immediate street, the property is fairly typical in size and value, suggesting a consistent, modern streetscape. A thoughtful perspective is that while the lot size is smaller than the Winnipeg average, this often translates to less yard upkeep—a potential benefit for buyers seeking a low-maintenance lifestyle without sacrificing interior space.
This property would best suit buyers looking for a turn-key, modern home who prioritize interior square footage over a large yard. It’s ideal for professionals or small families wanting a newer build in a developing area, and who appreciate a home that stands out in terms of space and age compared to the majority of the city’s older housing stock.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
Within the North Inkster Industrial area, this home is above average in living space, assessed value, and is newer than most. On its specific street (Cheema Drive), it is very typical in terms of lot size, value, and living area, but is actually one of the older homes on a street dominated by very recent construction.
2. What does the sold price history indicate?
Records show it sold in October 2022 for between $600,000 and $650,000. This past sale price placed it in the top 9% for the area and top 7% city-wide at that time, indicating strong market performance when it was last purchased.
3. Is the lot size a limitation?
The lot of 3,796 sqft is smaller than the Winnipeg average. However, it is consistent with newer subdivisions and means less exterior maintenance. For buyers who value a large garden or extensive outdoor space, it may be a consideration; for those who prefer a manageable yard, it is a practical fit.
4. Why is the assessed value higher than the city average?
The assessed value of $561,000 is in the top 11% city-wide, reflecting the home’s recent construction year (2022), its larger-than-average living area, and the general valuation trends in newer neighbourhoods compared to Winnipeg’s older housing base.
5. How can I verify the exact historical sold price?
The provided sold price is an estimate from public data. To obtain the exact, verified sale figure, you must request a manual lookup from the site via email. They do not have access to MLS sales records but will provide the official data directly.