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
270 Cheema Drive — 4 amenities found within 500 m, across 2 categories, including 3 parks (nearest 416 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 17% | 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: 270 Cheema Drive, Winnipeg
Section 1: 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 and is notably larger than the typical Winnipeg home. Its appeal is rooted in this modern efficiency and its position in the developing North Inkster Industrial area.
The property presents a clear value perspective. Its assessed value of $416k is below the average for its immediate street, suggesting a potentially more accessible entry point into a street of newer homes. However, the lot size is compact at 2,428 sqft, meaning outdoor space is limited and prioritizing the home itself over the yard.
This home would best suit buyers seeking a modern, interior-focused property without the upkeep of an older home. It’s ideal for those who value new construction amenities and are comfortable with a smaller lot, possibly first-time buyers or downsizers looking for a manageable, contemporary space in a growing area.
Section 2: Frequently Asked Questions
1. Is the lot size a significant drawback?
It depends on your lifestyle. The lot is significantly smaller than most in the city and even the immediate area. This means minimal yard maintenance but also limited private outdoor space for gardening, play, or entertaining.
2. Why is the assessed value lower than the street average?
While the home is newer, its assessed value is influenced by its more compact lot size compared to neighbors. This can indicate a relative value opportunity, but it's wise to investigate if other factors, like finishing levels or exact location on the street, contribute.
3. What does "North Inkster Industrial" mean for the neighbourhood feel?
This designation suggests a mixed-use area that may be more utilitarian, with potential for light industrial or commercial properties nearby. It often translates to more affordable land and newer residential developments, but the setting may lack the established, leafy character of purely residential zones.
4. How reliable is the sold price data shown?
The site notes its sold price data is from public online sources, not the MLS, and is presented in a broad range. For precise historical sale figures, you must request a manual lookup from the site administrators, as they do not have access to official MLS records.
5. Given it sold in 2023, why is it back on the market?
A resale after only a short period is not uncommon for new builds. Reasons can range from a change in the original owner's circumstances to investment flips. It's a standard question to ask your realtor to investigate for any underlying issues.
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