Property Overview: 93 Cheema Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This property at 93 Cheema Drive in the North Inkster Industrial area presents a distinct profile defined by its value proposition and lot size. Its most notable characteristic is its assessed value of $175k, which is significantly below the average for comparable homes on its own street ($500k), in the immediate area ($484k), and across Winnipeg (~$390k). This creates a potentially low entry point into the market.

The appeal lies in its land parcel. With a lot size of 4,182 sqft, it is above average for Cheema Drive and roughly average for the North Inkster Industrial neighbourhood. This suggests room for outdoor use or potential expansion relative to many nearby properties, offering a balance of space and price.

This home would likely suit value-focused buyers, including first-time homeowners or investors seeking a lower-cost asset in an industrial-zoned area. It may also appeal to those who prioritize land utility over a newer or larger living area, as the data indicates the living area is not specified and the home is likely older than many on its street, where the average year built is 2023.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is a municipal valuation for tax purposes and can be influenced by many factors, including the home's age, condition, size, and specific improvements. Its ranking at the bottom of local lists suggests it may be older, smaller, or in need of updates compared to neighbouring properties.

2. What does the "North Inkster Industrial" zoning mean for me?
This indicates the property is located in an industrially zoned area. Buyers should investigate what this means for daily living, including potential noise, traffic, types of neighbouring businesses, and any restrictions on residential use or renovations.

3. How can I find out the exact sales history and living area?
As noted, this data isn't automatically displayed. You can use the "Request exact figures by email" feature on the listing page. The provider will manually look up and send verified transaction history and exact details, typically by the end of the same day.

4. The lot size is above average for the street but below average city-wide. How should I interpret this?
This highlights the character of the neighbourhood. You're getting a relatively spacious lot for that specific, newer area, but it won't compare to lot sizes in older, established residential suburbs. It's a relative strength within its immediate context.

5. Are the nearby comparable listings (like 219 or 235 Cheema Drive) similar houses?
The nearby listings with similar assessed values (~$155k) are useful benchmarks, suggesting a cluster of properties in this value range. However, key differences may exist in lot size, condition, or layout. A direct comparison requires viewing the specific data or the properties themselves.