Property Overview: 196 Cheema Drive, Winnipeg

Key Characteristics & Appeal

This is a modern, low-maintenance home built in 2023, offering the appeal of a nearly new construction in Winnipeg's North Inkster Industrial area. With 1,615 sqft of living space, it provides comfortable, above-average interior room compared to the typical city home. Its standout feature is its age; it ranks among the newest 1% of homes citywide, meaning buyers can expect modern building standards, efficiency, and minimal immediate repair costs.

The appeal here is practical and financial. The assessed value of $415k positions it as a more accessible entry point within its own new-build peer group on Cheema Drive, where average values are higher. This creates a value proposition: you acquire a recent build without the premium price often attached to the newest homes on the street. The lot size (2,871 sqft) is compact, especially compared to city-wide averages, which translates to less yard upkeep—a plus for those seeking a lock-and-leave lifestyle or who prioritize interior space over land.

This property would suit first-time buyers or downsizers looking for a modern, move-in-ready home without a hefty renovation budget. It’s also a pragmatic fit for investors or owners who value predictable costs and newer infrastructure, and who are comfortable with a smaller, manageable outdoor space.

Frequently Asked Questions

1. Is this a good value compared to other homes on the street?
Based on assessed values, this home is priced below the average for Cheema Drive. You're acquiring a newer home (2023 build) at a value relative to its immediate neighbours, which often signals a competitive opportunity.

2. What does the "North Inkster Industrial" neighbourhood mean for daily living?
This area typically offers more affordability and newer housing stock. Residents should be prepared for a mix of residential and light industrial/commercial properties, which can mean convenient access to services but less of a traditional, established neighbourhood feel compared to purely residential zones.

3. Are there any concerns with such a new home?
While a 2023 build benefits from modern codes and warranties, it's wise to inquire about the builder's reputation and ensure any remaining new-home warranties are transferable. Also, check if the landscaping is fully established.

4. The lot size is noted as "below average" for the city. What are the implications?
The smaller lot (2,871 sqft) means less private outdoor space and potentially closer proximity to neighbouring houses. This is ideal for those who want minimal yard maintenance but may not suit those wanting extensive gardens, privacy, or room for large additions.

5. How reliable is the sold price data shown?
The sold price range (CA$400k–450k) is based on publicly available data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email, as they do not have access to proprietary MLS sales records.