Property Overview: 101 Cheema Drive, Winnipeg

Key Characteristics & Buyer Profile

This property at 101 Cheema Drive is defined by its significant value proposition within a newer, developing area. Its assessed value of $175k is notably below averages for its immediate street ($500.2k), the North Inkster Industrial neighbourhood ($484.4k), and the wider city ($390.1k). This positions it as an entry-point opportunity in a context where nearby comparable homes are valued much higher. The land size of 4,182 sqft is above average for Cheema Drive, offering a relatively generous lot for the area.

Its appeal lies in its potential as a foundational investment in a modernizing part of the city. The neighbourhood consists largely of very recently built homes (street average year built is 2023), suggesting this is a community on the rise rather than an established one. This property would suit a value-conscious buyer, such as a first-time investor or an owner-occupant willing to be part of a neighbourhood's early growth phase, who is less concerned with current prestige and more focused on future equity building. It may also appeal to those seeking a larger lot size relative to other new builds on the same street.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring homes?
While specific reasons aren't provided, a significantly lower assessment alongside similar-aged neighbours often points to differences in build specification, finished living area, or interior condition. It suggests this property may be a more basic model or require some updating compared to others on the street.

2. Is the "North Inkster Industrial" neighbourhood actually industrial?
Despite the name, the listed nearby properties are all residential homes, many very newly built. The area appears to be a residential subdivision, possibly developed on formerly industrial land, now offering modern housing.

3. How reliable are the price comparisons and sold data here?
The site is transparent that its data is from public sources, not the MLS, and may be incomplete. They recommend contacting them directly for a manual lookup of fully verified transaction history to get the most accurate figures.

4. What does the ranking "65 out of 64" mean?
A rank of "65 out of 64" on the street for assessed value is a data presentation quirk indicating this property is the lowest ranked—it falls below all 64 comparable properties used in the street-level benchmark.

5. Is the larger-than-street-average lot a major advantage?
Potentially. In a newer subdivision where lots are typically smaller and uniform, a above-average lot size (4,182 sqft vs. street avg. 3,461 sqft) offers more outdoor space and could provide a relative scarcity value as the area matures.