Property Overview & Key Characteristics

This modern, two-story home at 56 Cheema Drive in Winnipeg's North Inkster Industrial area is a 2023 build, offering a move-in-ready opportunity with the benefits of a new construction warranty and contemporary building standards. With 1,919 sqft of living space, it sits comfortably above the average size for its street, neighbourhood, and the city overall. The assessed value of $580,000 is notably higher than the citywide average, reflecting its newer condition and larger footprint.

The appeal lies in its modern efficiency and favourable positioning within a developing area. It represents a practical choice for those seeking a low-maintenance, newer home without the premium often associated with more established neighbourhoods. The lot size, while generous for the immediate street, is more standard for the city, suggesting a focus on interior living space over expansive outdoor grounds.

This property would suit first-time buyers looking for a modern home to grow into, or practical-minded investors or professionals who value newer systems, energy efficiency, and minimal immediate repair concerns. It’s a solid, data-backed choice for someone prioritizing a modern floor plan and building condition over a mature, established streetscape.

Frequently Asked Questions

1. Is this a true "new build," and what does that mean for me?
Yes, the home was built in 2023. This typically means you benefit from modern building codes, energy-efficient appliances and windows, and likely the remainder of a new home warranty, reducing the risk of major repair costs in the immediate future.

2. The area is called "North Inkster Industrial." What is the neighbourhood actually like?
This is a developing residential area within a broader industrial zone. The immediate street consists of newer homes, as the data shows a very recent average build year. Buyers should visit to assess the balance of modern housing against the surrounding commercial and industrial landscape to ensure it fits their lifestyle.

3. The assessed value is $580k, but it sold for an estimated $600k-$650k in 2023. What does this indicate?
The higher past sale price suggests the market valued it above its official tax assessment at the time, which is common for new constructions. The current assessment provides a baseline for property taxes, but the market price will be determined by current conditions, demand for newer homes, and comparable sales.

4. How does the lot size compare?
At 4,242 sqft, the lot is larger than most on Cheema Drive but is fairly typical for the wider North Inkster Industrial area. Citywide, it's a moderately sized lot. This indicates a well-proportioned property that offers usable outdoor space without the extensive maintenance of a much larger yard.

5. Where can I get verified historical sale data for this property?
The provided data notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures directly from the site via email, which they will provide manually.