Property Overview: 8 Cheema Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a modern, two-year-old home (built in 2024) in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its new construction status and strong value positioning. With 1,832 sqft of living space, it offers above-average roominess for both its immediate neighbourhood and the city overall. The assessed value of $604,000 is notably higher than area averages, reflecting its new condition and desirability within this specific market.
The home suits buyers looking for a modern, low-maintenance property without the wait or uncertainties of a new build. It’s particularly fitting for those who prioritize contemporary features and energy efficiency that come with a recent build. A thoughtful perspective is that while the lot size is typical for the street, it is more compact compared to the Winnipeg city-wide average. This suggests the property’s value is driven more by the home itself than by extensive outdoor space, ideal for buyers seeking a manageable yard.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
It is one of the newest homes on Cheema Drive, ranking in the top 2% for year built. Its living space is slightly above the street average, and its assessed value is in the top 14%, indicating it is a premium offering on this block.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is often based on historical data. Noting that the home sold in late 2024 within the $550k-$600k range provides a more current market benchmark to consider alongside the $604k assessment.
3. What does the "North Inkster Industrial" neighbourhood imply?
This designation typically indicates a mixed-use area. Buyers should be aware that proximity to light industrial or commercial properties is possible, which can offer convenient access to services and major routes but may differ in character from purely residential suburbs.
4. How does the lot size impact potential for expansion or outdoor living?
At 3,795 sqft, the lot is standard for the area but below the city-wide average. This may limit possibilities for large additions or extensive landscaping projects but is suitable for a patio, garden, and manageable upkeep.
5. Where can I find verified sale history and exact past sale prices?
The provided sold price is an estimated range from public records. For fully verified figures and exact transaction history, you must request a manual lookup from the site via email, as this information is not sourced from the MLS system.