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
238 Cheema Drive — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 372 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 40% | Top 49% | Top 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 238 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2023, offering a move-in-ready condition with the benefits of a new build, such as contemporary building standards and likely remaining warranty coverage. With 1,615 sqft of living space, it provides above-average roominess compared to the typical Winnipeg home, while its assessed value of $418k sits in a moderate range for the city.
The primary appeal lies in its balance of new construction and practical size within a developing area. It suits buyers seeking a modern home without the premium often attached to newer properties in more established neighbourhoods. A thoughtful perspective is that while the lot size is compact relative to most of the city, this aligns with a lower-maintenance lifestyle and can mean more efficient use of interior space. The data suggests it represents a "sweet spot"—newer and larger than the city norm, yet priced accessibly within its immediate area. This profile would particularly suit first-time buyers, small families, or professionals looking for a modern, efficient home with minimal immediate upkeep.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The home's assessed value is below the street average, while its living area is close to the average and it's one of the newer homes on the block. This suggests you may be getting a relatively newer home for a lower assessed value compared to neighbours, though final market price will depend on condition and features.
2. What does the "Elite" ranking for the year built mean?
It means this home is among the newest 1-4% of homes in its broader area and citywide. Built in 2023, it is significantly newer than the average Winnipeg home (built in 1966) and newer than most in the North Inkster Industrial area.
3. The lot seems small. Is that a concern?
The lot is indeed smaller than most in Winnipeg. This typically translates to less yard maintenance and can be a benefit for those not wanting extensive outdoor upkeep. It's important to personally assess if the outdoor space meets your needs.
4. How reliable is the sold price data shown?
The site notes that sold price data is from public sources, not the MLS, and is presented in a range. For fully verified and exact historical sale figures, you must request them directly via email from the site provider.
5. What type of neighbourhood is North Inkster Industrial?
The area appears to be in a phase of newer development, as indicated by the number of recent builds. It's advisable to research the specific location for amenities, transportation, and the mix of residential versus light industrial uses to ensure it fits your lifestyle.
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