Property Overview: 164 Cheema Drive, Winnipeg

Key Characteristics & Appeal

This is a modern, recently built (2023) home in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its new construction, offering move-in readiness with contemporary building standards and minimal immediate maintenance concerns. With 1,615 sqft of living space, it provides above-average roominess compared to the typical Winnipeg home, while maintaining a manageable scale.

The data presents a balanced profile. The assessed value of $423k is positioned around the average for its immediate street and neighborhood, but sits above the city-wide average, reflecting the premium for newer homes. The lot size (3,065 sqft) is smaller than the city norm, which is typical for newer subdivisions and translates to less exterior upkeep.

This property would best suit pragmatic buyers who prioritize modern construction and interior space over a large yard. It’s ideal for professionals or small families seeking a low-maintenance, turn-key home without the premium often attached to newer properties in more established areas. A thoughtful perspective is that its "average" valuation within its own new neighborhood could represent a stable entry point without the volatility of a top-tier market segment.

Frequently Asked Questions

1. Is this a good value compared to other homes on the street?
The home's assessed value is slightly below the street average ($423k vs. $500.2k), while its living area is also somewhat smaller than the street average. This suggests it may be fairly priced relative to its immediate peers, potentially offering a value for a newer home without paying the absolute top street price.

2. What does the "Industrial" in the neighborhood name mean for living here?
North Inkster Industrial is a mixed-use area. Residents should anticipate proximity to light industrial or commercial operations, which can mean more truck traffic and different ambient noise levels compared to purely residential suburbs. This often makes housing more affordable.

3. How does the age of this home affect insurance or utility costs?
Being built in 2023, systems (roof, HVAC, wiring, plumbing) are under warranty or brand new, which can lead to lower repair risks and potentially favorable home insurance terms. It also likely meets current energy codes, which should translate to predictable, efficient utility costs.

4. The lot is smaller than the city average. What are the trade-offs?
A smaller lot (3,065 sqft) means less yard work, lower landscaping costs, and often a more community-focused street feel with homes closer together. The trade-off is limited private outdoor space, less potential for expansions like large decks or additions, and typically narrower distancing from neighbors.

5. Where can I get the exact historical sold price for this property?
The provided sold price is an estimated range. Due to industry regulations, exact MLS sale figures are not published here. You can request the precise transaction history by emailing the site directly for a manual lookup, which they provide as a free service without using your email for marketing.