Property Overview: 220 Cheema Drive, Winnipeg

Key Characteristics & Buyer Appeal

This is a modern, low-maintenance home built in 2022, offering a move-in-ready experience in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its contemporary construction and efficient use of space. At 1,615 sqft, the living area is comfortably above the city-wide average, providing ample room in a relatively new build that likely requires minimal immediate upkeep or renovation.

The property presents a nuanced value proposition. Its assessed value ($433k) is modest compared to newer homes on its own street but sits above the Winnipeg average, positioning it as a modern home at a relatively accessible price point for its age. A key consideration is the lot size (2,602 sqft), which is compact compared to most homes in the area and city-wide. This translates to less yard maintenance—a plus for some—but limited outdoor private space.

This home would best suit pragmatic buyers seeking a newer build without a premium price tag, such as young professionals, small families, or downsizers who prioritize interior space and modern systems over a large yard. It’s a practical choice for those who want to avoid the surprises and projects common with older homes and prefer a simpler, more contained property.

Frequently Asked Questions

1. Is this a good value for the money?
The data suggests a balanced value. The home is newer and larger than the typical Winnipeg house, yet its assessed value is lower than the average for its immediate street and neighbourhood. You are paying primarily for the modern structure and condition, not for land size.

2. What does the "North Inkster Industrial" neighbourhood imply?
As an industrial-designated area, residents should be mindful of potential commercial traffic, zoning bylaws, and the types of surrounding businesses. This can sometimes mean more affordable property prices but requires due diligence on the specific environment and future area development.

3. The lot seems small. What are the implications?
The land area is significantly below local averages. This means lower maintenance and property taxes tied to land value, but also very limited potential for expansions like large decks, additions, or extensive landscaping. Outdoor privacy may be limited.

4. How reliable is the sold price history shown?
The site notes that sold price data is from public online sources, not the MLS, and is presented in a broad range ($350k-$400k for the last sale in 2022). For verified, exact historical prices, you must request a manual lookup from the site administrators.

5. Why is the "Year Built" rank so different when compared to the street, area, and city?
This highlights the newness of the entire subdivision. On its own street (where many homes were built around the same time), it's actually one of the older homes (ranked 58 out of 64). Compared to the wider city, however, it's among the newest 1% of homes, underscoring that you're buying into a very modern community.