Property Overview & Key Characteristics

This vacant land parcel at 219 Cheema Drive is situated in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its development potential within an established and active industrial zone. The lot is approximately 2,631 square feet and carries a very low municipal assessed value of $15,500, indicating it is likely a bare lot or has minimal existing improvements.

The property ranks highly for its lot size within its immediate street and neighbourhood, suggesting it is a competitively sized parcel in the area. Notably, the data indicates it is one of the newest properties by "year built" rank on its street and in the wider city, which typically refers to the date of the most recent improvement or build; for a vacant lot, this may relate to subdivision or servicing. The appeal is for practical, investment-minded buyers. It would suit an owner-operator seeking a strategic location for a small industrial building, a business looking for a long-term hold for future expansion, or an investor with the capacity to develop the site to lease. Given the low assessed value, it may also attract those looking for a lower-barrier entry point into industrial land ownership, though development costs must be factored in.

A thoughtful perspective is that its value is heavily tied to the specific zoning and the actual "shovel-readiness" of the site—factors like soil conditions, utility access, and ingress/egress are more critical than the raw statistics. Its worth is less about the current structure (which appears to be none) and almost entirely about the utility and potential of the land itself within the context of the surrounding industrial activity.

Frequently Asked Questions

1. Is this a vacant lot?
Based on the provided data showing no listed living area, basement, garage, or building type, and a very low assessed value relative to nearby built properties, it is almost certainly a vacant land parcel. Always confirm with a real estate professional or through a site visit.

2. What can be built on this property?
This depends entirely on the City of Winnipeg's zoning bylaws for the North Inkster Industrial area. Potential uses could include a small warehouse, light manufacturing facility, or commercial storage. A buyer must investigate the specific zoning and any development restrictions before purchase.

3. Why is the assessed value so much lower than neighbouring properties?
The neighbouring properties with significantly higher assessed values (e.g., $42k - $54k) have constructed buildings on them. The assessment for 219 Cheema Drive reflects the value of the land only, without any major structures, hence the notable difference.

4. What does the "year built" rank mean if there's no building?
For vacant land, a "new" rank often relates to the date the current parcel was legally created (e.g., through subdivision) or when services were last updated. It suggests the lot is a relatively recent addition to the inventory of developable properties in the area.

5. Are there any development advantages indicated by the data?
The high rankings for lot size within the street and neighbourhood suggest it is a competitively large parcel for the area. The high "year built" rank may imply newer servicing or subdivision standards. However, these statistical advantages must be verified with a professional review of the site's actual development conditions and costs.