Property Overview: 258 Cheema Drive, Winnipeg

Key Characteristics & Appeal

This is a modern, low-maintenance home built in 2023, 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 newer build that likely requires minimal immediate upkeep or updates.

The property presents a notable contrast: while the home itself is newer and larger than most in the city, the lot size is compact at 2,429 sqft. This positions it as an efficient, "lock-and-leave" style property suited for those who prefer a smaller yard to maintain. The assessed value of $416k sits below the immediate street average but aligns more closely with broader area and city benchmarks, suggesting it may offer relative value within its own newer development context.

This home would best suit first-time buyers or professionals seeking a modern, turn-key property without the demands of a large yard or older home maintenance. It’s also a practical option for investors looking for a newer rental property with potentially lower repair costs. The trade-off for the modern interior and newer systems is less private outdoor space compared to most homes in Winnipeg.

Frequently Asked Questions

1. Is the "Industrial" in the neighbourhood name a concern?
The North Inkster Industrial area is a mixed-use sector. Buyers should research the specific surroundings of Cheema Drive to understand the balance between residential comfort and proximity to light industrial or commercial activity, as this can impact lifestyle and future value.

2. How does the compact lot affect future expansion?
With a land area ranking in the bottom tiers for the street, area, and city, the potential for additions like a large deck, garage, or extension is limited. Any outdoor upgrades would need to be creatively designed for a smaller footprint.

3. The assessed value is below the street average. Is this a red flag?
Not necessarily. Given the home's newer age and the data showing nearby comparable sales, this may reflect the specific lot size or the developer's original pricing rather than an issue with the property itself. It’s a point for negotiation rather than an automatic concern.

4. What are the likely advantages of a 2023 build?
You can expect modern building codes, newer appliances, HVAC systems, and windows, which typically mean better energy efficiency and lower immediate repair costs compared to Winnipeg's older housing stock.

5. Where can I get the exact historical sold price?
The exact sale price from September 2023 is not publicly displayed due to industry data rules. You can request the verified sale history directly via email from the listing source for precise figures.