Property Overview: 140 Cheema Drive, Winnipeg

Key Characteristics & Buyer Profile

This is a modern, low-maintenance home built in 2023, offering a move-in-ready experience in Winnipeg's North Inkster Industrial area. With 1,615 sqft of living space, it provides ample room for a small family, couple, or professional seeking a contemporary layout without the upkeep of an older house. Its primary appeal lies in its new construction status, which ranks in the top 1% citywide for age, suggesting minimal immediate repair costs and modern building standards.

The home presents a balanced value proposition. Its assessed value ($445k) is above the Winnipeg average but sits around the median for its immediate street and neighborhood, indicating it is priced consistently with its local market. The lot size (3,068 sqft) is smaller than the city average, which translates to less yard maintenance—a plus for some, but a consideration for those wanting extensive outdoor space. This property would best suit buyers prioritizing a modern, efficient home in a developing area, who value newer construction benefits over a larger lot or a premium, established neighborhood setting. It’s a pragmatic choice for someone looking to avoid the surprises and renovation projects often associated with older homes.

Frequently Asked Questions

1. Is this a good value compared to other homes in Winnipeg?
Citywide, the home's assessed value is above average (top 29%), and its living space is notably larger than the Winnipeg average. However, within its own neighborhood and street, it is very average in both value and size. The value is strongly tied to its newness.

2. What are the implications of the "Industrial" area designation?
The North Inkster Industrial classification means the area may have a mix of residential and light industrial or commercial properties. Buyers should personally visit at different times to assess the ambient noise, traffic, and overall environment to ensure it matches their lifestyle expectations.

3. The lot is smaller than the city average. How does this affect the property?
The smaller lot (ranked in the top 87%, meaning only 13% of city lots are smaller) means lower maintenance and less outdoor space. This is ideal for those who prefer a simpler yard but may not suit gardeners or those seeking significant privacy or room for additions like a large deck or shed.

4. The home sold recently in 2023. What does that indicate?
It was likely a new construction sale from builder to first owner. This means the current sale is the first resale, and the $400k–$450k sold price provides a very recent, transparent market benchmark for its value.

5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed due to data source rules. You can request the exact figure by emailing the site directly; they will provide a manual lookup without using your email for marketing.