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
242 Cheema Drive — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 377 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 22% | Bottom 40% | Top 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 242 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 minimal immediate repair needs. 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 tier for the city.
The primary appeal lies in its balance of new construction and practical size. It’s a home that prioritizes the interior living space and modern amenities over a large yard, as the lot size is notably compact compared to most in the area and city. This makes it particularly suited for first-time homeowners, small families, or professionals who value a modern, efficient home without the upkeep of a larger property or an older structure. A thoughtful perspective is that its newer construction in the North Inkster Industrial area suggests a community with modern infrastructure, potentially appealing to those interested in a developing neighbourhood dynamic rather than an established, mature one.
Frequently Asked Questions
1. Is this a good value compared to nearby homes?
The data shows its assessed value is below the average for both its immediate street and the North Inkster Industrial area, while being slightly above the Winnipeg city average. This suggests it may offer relative value within its specific neighbourhood context.
2. What are the trade-offs with such a new home?
The major trade-off is land size. The lot is significantly smaller than most in Winnipeg, which means minimal outdoor private space. This is offset by the advantages of a new build: modern energy efficiency, current building codes, and likely lower maintenance costs in the short term.
3. How does the living space feel for its size?
At 1,615 sqft, the living area is spacious compared to the city-wide average home. It should comfortably accommodate standard living, dining, and bedroom arrangements without feeling cramped, aligning well with modern, efficient floor plans.
4. What does the "Elite" ranking for Year Built mean?
This statistical ranking indicates the home is among the newest 1-4% of properties when compared to its immediate area and the entire city. It highlights the rarity and advantage of a nearly new construction in a housing market filled with much older homes.
5. Why is the sold price from 2023 shown as a range?
Publicly available non-MLS sales data is often presented in broad bands for non-registered users. To obtain the exact historical sale price and verified figures, you must request a manual lookup from the site via email, as they do not display proprietary MLS sales records.
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