Property Overview: 80 Cheema Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a modern, above-average sized home in Winnipeg's North Inkster Industrial area. Built in 2023, it offers a move-in-ready condition with the benefits of a recent build, including contemporary standards and minimal immediate maintenance. With 1,950 sqft of living space, it sits comfortably above the average for its street, neighborhood, and the city overall, providing ample room for a growing household or those who value spaciousness.
Its primary appeal lies in its combination of new construction and strong value metrics. The assessed value of $588K ranks within the top 9% citywide, suggesting a premium property relative to the broader market. Interestingly, while the lot size is generous for its immediate street, it is more standard for the wider area, indicating the value is driven more by the home's size, newness, and finishes than by an exceptionally large yard. This home would suit buyers looking for a modern, low-maintenance property without the wait or uncertainties of a new build, and who appreciate a home that already shows strong assessed value performance compared to its peers. It’s a practical choice for professionals or families seeking space and modernity in a developing area.
Section 2: Frequently Asked Questions
1. How does the sold price from 2023 relate to the current assessed value?
The home sold for an estimated $650K-$700K in late 2023. The current assessed value of $588K is a municipal assessment for tax purposes and is typically below market value; it should not be interpreted as a direct current market price.
2. What does the "North Inkster Industrial" neighborhood imply?
This designation indicates the area's zoning and character. Buyers should be aware that the setting may include a mix of residential and light industrial or commercial properties, which can influence streetscape, traffic patterns, and future development.
3. Is the lot size a pro or a con?
It depends on priorities. The 4,242 sqft lot is larger than most on Cheema Drive, offering good private outdoor space. However, it is slightly below the neighborhood average and significantly smaller than the citywide average, which is often skewed by older, sprawling lots. It's a balanced lot for a newer subdivision.
4. How significant is the "Elite" ranking for the year built?
Being in the top 1% citywide for new construction is a major advantage. It means significantly lower risk of major near-term repairs (like roof or furnace replacement) and likely higher energy efficiency compared to Winnipeg's predominantly older housing stock, where the average home was built in 1966.
5. Where can I get verified historical data on this property?
The site notes that exact sold price records are not displayed publicly due to industry rules. They offer a manual lookup service via email to provide verified transaction history and exact figures upon request.