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
266 Cheema Drive — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 410 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 49% | Top 39% | Top 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 266 Cheema Drive, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
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. Its primary appeal lies in this modern efficiency within a developing area.
The property presents a notable value perspective. Its assessed value of $410k is below average for its immediate street but aligns more closely with averages across the wider North Inkster Industrial area and the city. This suggests you may get more modern home for your dollar here compared to many other city neighbourhoods, though on a smaller, more compact lot (2,429 sqft). The lot size is significantly below average for the area and city, indicating a focus on the home itself rather than outdoor space.
This home would best suit first-time buyers or downsizers seeking a modern, manageable property without the upkeep of an older home. It’s ideal for those who prioritize interior space and new construction amenities over a large yard. Investors may also see appeal in a newer asset with lower immediate maintenance needs in an industrial-zoned area that could attract tenants looking for modern rentals.
Frequently Asked Questions
1. Is this a good value for a newer home?
The data suggests it could be. While the assessed value is below the average for homes on Cheema Drive itself, it is competitive when compared to the broader neighbourhood and city. You are acquiring a home in the top 1% of the city for its newness, which often carries a premium elsewhere.
2. What are the trade-offs for getting a newer home at this price point?
The most significant trade-off is land size. The lot is in the bottom 3% city-wide for size. This means minimal private outdoor space and potentially closer proximity to neighbouring houses, which is a common characteristic of newer infill developments.
3. How does the North Inkster Industrial area affect livability?
The "Industrial" zoning means the area is mixed-use. Residents should be prepared for the potential of commercial or light industrial traffic and activity nearby, which can differ from a purely residential suburban feel. This often contributes to more affordable pricing.
4. The home sold recently in 2023. What does that indicate?
It indicates a very recent resale, which is uncommon for a new build. Potential buyers may want to investigate the reason for the quick turnaround through a real estate professional, as it could range from a change in the owner's circumstances to other factors worth understanding.
5. Where can I get verified sale price history for this property?
The provided data notes that exact sold prices are not displayed publicly on this site due to industry rules. You must request the exact figures via email from the service, which will perform a manual lookup. The sold price range shown is an estimate based on public data.
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