81.5
Excellent
Property score
81.5
Excellent
Overall 81.5
Newer than most nearby homes
1,615 sqft (top 41%)
Built in 2023 (5 yrs newer than avg)
Located in a high-income area
with median household income of ~121k
Transit 76.0
5-min walk to transit with 4 nearby routes
Within 500m: 3 parks, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
1% smaller 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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81.5 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
234 Cheema Drive — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 367 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 | Bottom 25% | Bottom 42% | Top 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 234 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 new construction, which means modern building standards, contemporary finishes, and minimal immediate repair concerns. With 1,615 sqft of living space, it offers above-average interior room compared to the typical Winnipeg home, yet it sits on a compact, efficiently sized lot.
The data presents a nuanced picture: while the home is newer than 99% of properties city-wide, its lot size is significantly smaller than most. This positions the property as an ideal fit for buyers who prioritize a modern, interior-focused lifestyle over extensive outdoor space. It would suit first-time homeowners seeking a new build without a premium price tag, downsizers looking for a manageable property without renovation needs, or investors interested in a modern rental asset. A thoughtful perspective is that this home offers the benefits of new construction in a more established, practical area, potentially providing better value than a similar new home in a premium suburban development.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $418k is a municipal figure for tax purposes. Notably, it sits below the average assessed value for similar homes on the same street and in the immediate area, which may indicate room for market appreciation. However, the final sale price will always be determined by current market conditions.
2. How does the small lot size impact living here?
The land area of 2,602 sqft is compact, especially compared to city-wide averages. This means lower yard maintenance, which is a benefit for those seeking a lock-and-leave lifestyle. The trade-off is limited private outdoor space for gardening or large gatherings.
3. What does the "North Inkster Industrial" neighbourhood imply?
As the name suggests, this area is likely a mix of residential and light industrial/commercial properties. Buyers should consider the nature of nearby businesses and typical traffic patterns. The upside can be proximity to employment and potentially more affordable property prices.
4. The home sold in 2023; why is it back on the market so soon?
While the brief ownership period may raise questions, there are many common and neutral reasons for a quick resale, such as a job relocation, change in family circumstances, or an investor divesting. A professional home inspection is always recommended to ensure there are no underlying issues.
5. How can I verify the exact historical sold price?
The listing service shows a sold price range of CA$400k–450k for April 2023. Due to industry regulations, exact sold prices are not published online here. You can request the precise transaction history by emailing the site directly for a manual lookup.
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