Property Overview: 85 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, above-average property in Winnipeg's North Inkster Industrial area. Built in 2023, it offers 2,065 sqft of living space, which places it in the top 5-10% for size compared to both its immediate street and the wider city. With an assessed value of $622,000, it sits comfortably in the top 7% city-wide, indicating a premium valuation for its category.
The primary appeal lies in its combination of new construction, generous interior space, and strong market positioning. It’s a turn-key home that avoids the maintenance concerns of older properties. A thoughtful perspective is that while the lot size is average for the neighbourhood, it is notably smaller than the typical Winnipeg lot. This suggests a focus on low-maintenance outdoor space and efficient land use, which may appeal to those seeking a newer home without the yard work of a larger, older property.
This home would best suit buyers looking for a modern, move-in-ready property who prioritize interior square footage over a large yard. It’s ideal for professionals or small families seeking a contemporary layout in a developing area, and for investors or owners who value the long-term advantages of newer building standards and systems.
Frequently Asked Questions
1. How does the lot size compare?
The land area of 3,959 sqft is fairly typical for Cheema Drive and the North Inkster Industrial area. However, it is below the city-wide average, reflecting the denser lot subdivision common in newer developments.
2. What does the "Elite" or "Top X%" ranking mean?
These rankings show how this property compares to similar homes in three geographic circles: its street, its neighbourhood (North Inkster Industrial), and all of Winnipeg. For example, its living area is in the top 5% on its street, meaning it is larger than 95% of comparable homes on Cheema Drive.
3. The assessed value is $622k, but it sold for between $550k-$600k in 2023. Why the difference?
Assessed value is for municipal tax purposes and is an estimate of value as of a specific date. The sold price is the actual market price from August 2023. Market conditions, specific buyer demand, and the timing of the sale can cause differences between these figures.
4. Is this in an industrial zone?
The neighbourhood is named "North Inkster Industrial," but the property listings on Cheema Drive are residential homes. It is a residential area within a broader district that includes industrial uses.
5. How can I get the exact historical sold price?
The site provides sold price ranges publicly. To obtain the exact figure, you must request it via email from the site administrators, as they manually look up and provide this data due to industry regulations.