Property Overview: 88 Cheema Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a modern, above-average home in Winnipeg's North Inkster Industrial area. Built in 2023, it offers 1,919 sqft of living space, which places it comfortably in the top 15-20% for size both on its street and in the wider city. Its standout feature is its assessed value of $622k, which ranks in the top 6% on Cheema Drive and top 7% citywide, indicating a premium valuation relative to peers.
The appeal lies in its combination of new construction and substantial interior space, suggesting a home with modern systems, minimal immediate maintenance, and contemporary finishes. The lot size of 4,019 sqft is generous for the immediate street but is more typical for the area and below the city average, highlighting a focus on the home itself rather than extensive outdoor space.
This home would best suit buyers prioritizing a turn-key, modern property in a developing area, who value interior square footage over a large yard. It’s a strong fit for professionals or small families looking for a newer build without venturing into the outermost suburbs. A less obvious perspective is that its high assessed value relative to nearby properties (like those on the same street with values around $155k-$175k) suggests it is a standout, possibly higher-spec home in the neighbourhood, which could appeal to those seeking a premium feel in a more affordable district.
Section 2: Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in March 2023 for between $600k and $650k. The current assessed value of $622k falls within that range, indicating the assessment is aligned with its recent market transaction.
2. Is the property in an industrial zone?
It is located in the "North Inkster Industrial" neighbourhood. Prospective buyers should investigate the specific zoning and surrounding land uses to understand the potential for mixed residential, commercial, or light industrial activity nearby.
3. What does the "Elite" ranking for Year Built mean?
The "Elite" tag (top 1% citywide, top 4% in the area) means this home is significantly newer than most in Winnipeg. Compared to the city's average home built in 1966, this 2023 build offers a major advantage in terms of modern building codes, energy efficiency, and likely warranty coverage.
4. Why is the land area ranked "below average" citywide?
While the lot is a good size for the street, the average lot in Winnipeg is over 6,500 sqft. This ranking reflects the city's many older neighbourhoods with larger, traditional lots. The lot here is more consistent with newer subdivisions.
5. How can I get the exact historical sold price?
The site provides sold price ranges publicly. Due to industry rules, exact MLS sold figures are not displayed. You can request the exact sold price history via email from the site provider, who will manually look it up and send it to you.