Property Overview: 76 Cheema Drive, Winnipeg

Key Characteristics & Appeal

This is a modern, well-sized home built in 2023, offering the benefits of a nearly new property with minimal maintenance concerns. Its 1,675 sqft of living space is comfortably above the Winnipeg average, providing ample room without being oversized. The assessed value of $547k positions it as a premium property city-wide (top 13%), yet it is competitively priced within its immediate North Inkster Industrial area and on its own street.

The appeal lies in its balance of new construction, space, and value within its micro-market. While the lot size is modest compared to the city average, it is actually above average for Cheema Drive, suggesting a efficient use of land typical for newer developments. A thoughtful perspective is that this home offers modern efficiency and finishes while still being situated in an established, data-backed value range for the neighbourhood—it’s a new home without the premium often associated with brand-new, standalone subdivisions.

This property would ideally suit buyers seeking a turn-key, modern home who prioritize interior space and contemporary builds over a large yard. It’s also a strong fit for those looking at the North Inkster Industrial area who want a property that stands out for its age and condition compared to area averages, potentially offering a longer runway before major updates are needed.

Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The home’s assessed value is around the average for Cheema Drive and the broader North Inkster Industrial area, but it ranks significantly higher (top 13%) city-wide. This indicates you are paying for a property that is premium compared to most of Winnipeg, but priced in line with its immediate, in-demand locale.

2. What does the "Elite" ranking for year built mean?
With a 2023 build, this home is newer than 99% of properties across Winnipeg and 96% within its local area. This "Elite" ranking highlights a key advantage: modern building standards, new major systems (like HVAC and plumbing), and likely fewer immediate repair costs.

3. Is the lot size a drawback?
The lot is below the Winnipeg average but is actually larger than most on Cheema Drive. This is typical for newer infill or recent developments. It suits buyers who prefer lower outdoor maintenance, but may not suit those wanting extensive gardening or large private outdoor spaces.

4. What was the recent sold price?
Public data indicates a sale in January 2024 for between $500,000 and $550,000. For verified, exact sale figures, you can request a manual lookup from the site via email.

5. Who are the typical neighbours in terms of property values?
Based on nearby listings, homes on Cheema Drive and in this part of North Inkster Industrial have assessed values in a similar range (from the low $500ks). The data suggests a consistent, stable market for well-maintained homes in this pocket.