87.0
Excellent
Property score
87.0
Excellent
Overall 87.0
Larger and newer than most nearby homes
1,910 sqft (top 17%)
Built in 2023 (5 yrs newer than avg)
Located in a high-income area
with median household income of ~121k
Transit 60.0
10-min walk to transit with 3 nearby routes
Within 500m: 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
17% larger than neighborhood avg.
Year Built
Above average
5 yrs newer than neighborhood avg.
Mother tongue
Punjabi · 33%English · 33%
Past 10 years North Inkster Industrial sales snapshot (~80% of all data)
469
475.8k
$297/sqft
2018
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87.0 is composed by the two sections below.
Property Score
Community Score
North Inkster Industrial
How to read: Share of sales in each ~$50k price band for “north inkster industrial” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111118
$121K
Median household income
$133K
Average household income
5%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
5%
Single-person households
50%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
16 Cheema Drive — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 203 m).
North Inkster Industrial · WPS public data · 2026
Annual incidents
5
2026
vs. city avg
-83%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
100%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 29% | Top 14% | Top 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 16 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This modern property, built in 2023, offers a compelling blend of space, new construction, and established value in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its above-average metrics across key categories. With 1,910 sqft of living area, it provides more space than most homes on its street, in its area, and across the entire city. The assessed value of $608,000 is notably higher than local and city-wide averages, indicating a strong valuation position.
The home is essentially new, ranking in the top 1% of homes city-wide for its year of build, which suggests minimal immediate maintenance and modern building standards. The lot size of 4,018 sqft is typical for the immediate neighbourhood but is smaller than the Winnipeg average, pointing to a lower-maintenance yard suited to modern lifestyles.
This property would ideally suit buyers seeking a turn-key, modern home who prioritize interior space and contemporary amenities over a large yard. It’s a strong fit for professionals or small families looking in a developing area, offering the benefits of a new build without being in a remote location. The data suggests it appeals to a buyer valuing statistical outperformance—its rankings indicate a property that stands out in its peer group for size, newness, and official valuation.
Frequently Asked Questions
1. How does the property’s value compare to what it last sold for?
It sold between $550,000 and $600,000 in August 2023. The current assessed value of $608,000 is at or above that sale price range, reflecting market recognition of its value.
2. Is the lot size a disadvantage?
While the lot is smaller than the city average, it is consistent with and even slightly larger than the average for Cheema Drive. This typically means less yard upkeep and can be a practical advantage for many buyers.
3. What does the "Elite" ranking for year built mean?
Ranking in the top 1% city-wide for year built confirms the home is among the newest available in Winnipeg. This translates to modern construction, current building codes, and likely greater energy efficiency.
4. The home is in an "Industrial" area. What should I consider?
The North Inkster Industrial designation relates to the broader planning zone. Prospective buyers should visit at different times to assess the ambient environment, including traffic, noise, and the specific character of the immediate residential street.
5. Where can I see verified historical price data?
The provided sold price is from public records. For a complete, verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as MLS data is not displayed here.
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