Property Overview: 156 Cheema Drive, Winnipeg

Key Characteristics & Appeal

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 square feet of living space, it provides ample room for a small family or couple, ranking above the city-wide average for interior size. Its primary appeal lies in its new construction, which places it among the newest 1% of homes citywide and the newest 4% in its immediate area. This translates to likely lower immediate repair costs, modern building standards, and contemporary finishes.

The assessed value of $423k sits comfortably around the average for its street and neighborhood, while being above the city-wide average, suggesting a stable valuation in a developing area. The lot size of 3,066 sqft is smaller than the Winnipeg norm, which points to a property designed for ease of upkeep rather than extensive gardening or outdoor expansion.

This home would best suit practical buyers seeking a modern, efficient property without the quirks or renovation projects of an older house. It’s ideal for first-time homeowners who want a contemporary layout, or for downsizers looking for a newer, manageable property. The smaller lot and industrial-zone location may also attract buyers who prioritize a modern interior over extensive outdoor space or a strictly residential streetscape.

Frequently Asked Questions

1. Is this a good value compared to other homes?
The data shows its assessed value is very typical for Cheema Drive and the North Inkster Industrial area, but ranks above average (Top 33%) citywide. This indicates you are paying a premium for the new construction relative to Winnipeg's older housing stock, but it's priced in line with its immediate peers.

2. What does the "Industrial" in the neighborhood name mean for living here?
The North Inkster Industrial area is a mixed-use zone. While the home itself is residential, proximity to industrial properties can mean more commercial traffic, different noise levels, and a streetscape that blends residential and business uses. It's advisable to visit at different times of day to assess the environment.

3. How does the smaller lot size impact the property?
The lot is below the city-wide average, which generally means less yard maintenance and lower outdoor utility costs. However, it also limits potential for additions, large decks, or extensive landscaping. It reinforces the property's identity as a modern, low-maintenance option.

4. The home sold in early 2023. Why is it back on the market so soon?
While the brief ownership period may raise questions, it's not uncommon for new builds. Reasons can range from a change in the original owner's financial or personal circumstances to investor resale. A professional home inspection is always recommended to ensure there are no underlying issues.

5. How accurate is the sold price data shown?
The site provides a sold price range (CA$400k–450k) from public data, not the MLS. For the exact sale price and a verified transaction history, you must request a manual lookup from the site via email, as they do not have access to official MLS records.