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
254 Cheema Drive — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 393 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 16% | Bottom 38% | Top 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 254 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2023, offering the appeal of a nearly new build with contemporary finishes and systems. Its primary strength is its efficient use of space: at 1,615 sq ft, the living area is above average for Winnipeg overall, providing comfortable room within a manageable footprint. This efficiency is reflected in the assessed value of $418k, which sits below the immediate area's average, potentially offering good value for a newer home.
The appeal lies in its balance. Buyers gain a modern property without the premium often attached to newer homes citywide, while benefiting from a size that outperforms many older city homes. A thoughtful perspective is that the compact, below-average land area (2,544 sq ft) translates to less yard upkeep—a plus for those seeking a modern lifestyle without weekend yard work. This profile suits first-time buyers or downsizers looking for a turnkey, energy-efficient home in the North Inkster Industrial area, particularly those who prioritize interior space and modern amenities over a large yard.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The home’s assessed value is in the lower third for Cheema Drive, where averages are higher. This suggests it may offer a relative value opportunity for a newer build on this street.
2. What does the "Elite" ranking for year built mean?
It indicates this home is among the newest 1-5% of homes citywide and top 4% in the local area. You are unlikely to find many homes of more recent construction.
3. How does the lot size impact living here?
The lot is compact, which minimizes maintenance. However, it offers less private outdoor space and potential for expansion compared to many area homes, which is a typical trade-off for newer infill properties.
4. The sold price shows a range from 2023. Can I get the exact figure?
Exact sold prices are not published online per industry rules. You can request the precise transaction history via email from the site, which they provide manually.
5. What is the neighbourhood context?
North Inkster Industrial is a developing area with many newer homes. This property is among the newest, but its living area and value are generally average for this specific, modernizing neighbourhood.
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