87.0
Excellent
Property score
87.0
Excellent
Overall 87.0
Larger and newer than most nearby homes
1,910 sqft (top 17%)
Built in 2024 (6 yrs newer than avg)
Located in a high-income area
with median household income of ~121k
Transit 54.0
9-min walk to transit with 2 nearby routes
Within 500m: 2 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
Above average
17% larger than neighborhood avg.
Year Built
Above average
6 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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87.0 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
40 Cheema Drive — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 157 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 3% | Top 3% | Top 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 40 Cheema Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This property at 40 Cheema Drive is a modern, above-average home in Winnipeg's North Inkster Industrial area. Built in 2024, it is one of the newest homes not just on its street but in the entire city, ranking in the top 1-2% for its year of construction. With 1,910 square feet of living space, it offers more room than most comparable homes locally and citywide, placing it comfortably within the top 20% for size.
Its assessed value of $589,000 is significantly higher than the citywide average, reflecting its new condition and desirable specs. The lot size of 4,241 sqft is generous for its immediate street but is more typical when compared to the broader neighbourhood and city.
The primary appeal lies in acquiring a like-new home with modern building standards, finishes, and systems, minimizing immediate repair or renovation concerns. It suits buyers looking for a move-in-ready, spacious property who value modern amenities and efficiency. A thoughtful perspective is that while the home is new, the lot size is relatively standard for the area, suggesting the value is heavily in the structure itself—ideal for those who prioritize interior space over extensive outdoor land.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The home sold in December 2023 for an estimated price between CA$650,000 and $700,000. Its current assessed value of $589,000 is below that sale range, which may reflect typical market adjustments or assessed value methodology.
2. Is the North Inkster Industrial area primarily residential?
Yes, this is a residential neighbourhood. The "Industrial" in its name is historical; the area is now a established community of homes, with many newer properties like this one.
3. What does the "Elite" ranking for year built mean practically?
It means you are buying one of the newest available homes. This typically translates to modern building codes, energy efficiency, contemporary floor plans, and the full lifespan of major components like the roof, HVAC, and appliances.
4. Why is there a difference between the sold price and the assessed value?
Assessed value is for municipal tax purposes and can differ from market value. The sold price reflects what a buyer was willing to pay in a past market. For the most accurate and verified sale history, you can request the exact figures via email from the site.
5. How does the lot size impact future potential?
At 4,241 sqft, the lot is above average for the street but not exceptionally large citywide. It provides good yard space but may have limitations for major expansions like a large addition or pool, depending on zoning bylaws. The focus here is on the home itself.
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