Property Overview & Key Characteristics

This vacant land parcel at 235 Cheema Drive is situated in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its development potential within a dedicated industrial zone. The lot is approximately 2,631 square feet and holds a notably low municipal assessed value, which may indicate a lower property tax burden for a holding strategy. Key data points show it ranks very highly for its newness compared to other properties in the city, though specific year-built data is not provided, suggesting it may be a recently created lot.

The property would suit an investor or business owner looking for a strategic land position for future development, storage, or operational use. It could also appeal to a buyer seeking a low-entry-cost industrial asset with a long-term hold perspective, given its standing relative to nearby properties with developed buildings and significantly higher assessed values. A less obvious consideration is its potential utility for a business needing a modest footprint for logistics or as a satellite location, benefiting from the industrial zoning without the immediate need for a large capital outlay on an existing building.

Frequently Asked Questions

1. What can I build on this property?
As the land is in a designated industrial neighbourhood, permitted uses would be governed by the City of Winnipeg's zoning bylaws for that specific zone. You should consult the city's planning department for detailed regulations regarding building types, sizes, and allowable operations.

2. Why is the assessed value so much lower than nearby properties with buildings?
The assessed value reflects the value of the land only, as there is no structure or improvements on it. Nearby properties with buildings (like those on Castlebury Meadows Drive) have assessments that include the value of their constructed buildings, hence the large difference.

3. Are utilities available to the site?
This information is not provided in the listing data. A critical due diligence step would be to verify the availability and connection points for essential services like water, sewer, power, and gas with the local utility providers and the city.

4. What does the ranking data (e.g., "Top 98% in same street") mean?
These rankings compare this specific property's stats against others. For example, "Top 98% in same street" for year built suggests this property is newer than 98% of the lots on Cheema Drive. However, as the year built is not stated, this likely refers to the lot's registration or creation date being very recent relative to its neighbours.

5. Is this suitable for starting a small business?
Potentially, yes, depending on the business needs. The industrial zoning allows for commercial and manufacturing uses that wouldn't be permitted in residential areas. Its appeal for a small business would hinge on the specific use, the budget for constructing a facility, and whether the location fits the business's customer or supply chain logistics.