80.6
Excellent
Property score
80.6
Excellent
Overall 80.6
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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80.6 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
262 Cheema Drive — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 404 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 | Top 48% | Top 32% | Top 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 262 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 ample room for a small family or couple, ranking above the city-wide average for interior size.
The primary appeal lies in its balance of new construction and value. The assessed value of $410k is notably below the street average, potentially presenting a value opportunity within a street of newer, higher-valued homes. This creates an interesting dynamic: you're acquiring one of the newest homes in the entire city (top 1% city-wide for year built) in a developing area, but at an assessed value that sits in a lower tier on its own street.
The property suits practical buyers seeking a modern home without a premium price tag. It’s ideal for those who prioritize a new, efficient interior over a large yard, as the lot size is compact compared to most in the city. This could appeal to first-time buyers, small families, or investors looking for a newer rental property in the North Inkster Industrial area.
A less obvious perspective is the neighbourhood context. Being "below average" for lot size on this street suggests a higher-density, more community-focused development style. For buyers tired of extensive yard work, this is a feature, not a drawback. Additionally, its sale history (sold in 2023 for an estimated $450k-$500k) indicates it may be a recent resale, which could be worth exploring for motivation.
Frequently Asked Questions
1. Why is the assessed value lower than the street average?
While the home is modern, its assessed value of $410k ranks in the bottom tier (95%) on Cheema Drive, where the average is over $500k. This could be due to its more compact lot size, specific finishing details, or the assessed value simply not yet reflecting the full market pace of the area. It warrants a closer look to understand the cause.
2. How does the compact lot size affect living here?
The land area is 2,429 sqft, which is significantly smaller than typical Winnipeg lots. This means minimal yard maintenance, but also limited private outdoor space. It reflects a more efficient, modern land use common in newer developments.
3. What does the "Elite" ranking for year built mean?
Built in 2023, this home is newer than 99% of homes across Winnipeg and 96% in the local area. This translates to modern layouts, current building codes, energy efficiency, and likely remaining coverage on builder warranties for major components.
4. The home sold recently in 2023. What should I consider?
As a potential resale after only a short period, it's prudent to ask why the seller is moving. It also means the previous sale price (estimated $450k-$500k) is a very recent and relevant market data point for comparison.
5. How can I get the exact historical sold prices?
The provided sold price is an estimated range. Due to industry rules, exact MLS sold records are not displayed. You can request the precise transaction history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.
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