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 86.0
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
250 Cheema Drive — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 387 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 44% | Top 46% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 250 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2023, offering a move-in-ready opportunity in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its new construction, which means modern building standards, energy efficiency, and minimal immediate repair concerns. With 1,615 sqft of living space, the home is above average for the city overall, providing comfortable room for a small family, couple, or individual.
The data presents a balanced profile: the assessed value is positioned as average for its immediate street and area, but is above the citywide average, suggesting you are paying a premium for the newer build and specific location. A notable characteristic is the lot size, which is smaller than most comparables on the street, in the area, and across Winnipeg. This translates to less yard maintenance—a plus for those seeking a lock-and-leave lifestyle—but less private outdoor space.
This property would best suit a buyer prioritizing modern convenience over lot size. It’s ideal for a first-time homebuyer wanting a new build without a custom project, a professional seeking a modern and efficient home base, or an investor looking for a relatively new asset in an industrial-adjacent area that may attract tenants wanting updated features.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
It depends on your lifestyle. The lot is significantly smaller than area averages, limiting expansive gardening or large outdoor recreation space. However, this also means less yard work and lower maintenance costs, which can be a meaningful advantage for busy owners.
2. How does the assessed value compare to the last sale price?
The home sold in March 2023 for between $400,000 and $450,000. The current assessed value is $418,000, indicating the assessment aligns closely with its recent sale price in that range.
3. What does the "Elite" ranking for year built mean?
This statistic highlights that a home built in 2023 is among the newest 1-4% of homes when compared to its wider area and the entire city. It underscores the property's modernity relative to Winnipeg's overall housing stock, which has an average build year of 1966.
4. Who might the North Inkster Industrial area appeal to?
This area typically appeals to those valuing practicality and accessibility. It's often close to major routes and employment hubs. Buyers should be comfortable with an industrial-commercial mix rather than a purely residential neighbourhood feel.
5. Why is the living area "above average" citywide but "around average" locally?
This indicates the home is roomier than most older homes across Winnipeg. However, on its own street and in North Inkster Industrial, it is comparable in size to other nearby properties, which are also generally newer and built to similar modern floorplan standards. You're getting space that is competitive in the immediate market but stands out in the broader city context.
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