87.7
Excellent
Property score
87.7
Excellent
Overall 87.7
Larger and newer than most nearby homes
2,006 sqft (top 12%)
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
23% 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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87.7 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
48 Cheema Drive — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 145 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 6% | Top 3% | Top 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 48 Cheema Drive, Winnipeg
Key Characteristics & Appeal
This property 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 age. With 2,006 sqft of living space, it offers significantly more room than the average Winnipeg home and stands in the top 6-12% for size within its immediate area.
Its primary appeal lies in its combination of new construction, spacious interior, and a strong assessed value of $626,000, which places it in the elite top 5-6% of comparable properties across all benchmarks. The lot size of 4,465 sqft is generous for the street but more average when viewed across the wider city, suggesting a balanced footprint. A less obvious perspective is that this home offers modern efficiency and minimal immediate maintenance, which is a notable advantage in a city where the average home was built in 1966. It suits buyers looking for a move-in-ready, contemporary property without the premium often associated with brand-new custom builds, and who value space and modern amenities over a traditionally large urban lot.
Frequently Asked Questions
1. How current is the sold price data shown?
The sold price range of CA$600k–650k is from the home's sale in January 2024. This data is based on publicly available information; for fully verified and exact transaction figures, you can request a manual lookup via email.
2. What does the "Elite" or "Top X%" ranking mean for this home?
These rankings compare this property to similar homes on its street, in the North Inkster Industrial area, and across all of Winnipeg. For example, being in the "Top 1%" for year built means it is newer than 99% of homes citywide, indicating exceptional modernity.
3. Is the lot size typical for Winnipeg?
At 4,465 sqft, the lot is larger than most on Cheema Drive but is around the average size for the North Inkster Industrial area. City-wide, it is smaller than the average Winnipeg lot, which is typical for newer developments.
4. Who would this property be most suitable for?
This home is an excellent fit for professionals or families seeking a modern, spacious, and low-maintenance property. It’s particularly appealing to those who prioritize a contemporary living space and strong investment metrics over an older home’s character or a very large yard.
5. How does the assessed value relate to market value?
The assessed value of $626k is for municipal tax purposes and is consistently in the top tier of comparable properties. While not a direct appraisal, it strongly indicates a high-value home relative to its peers. The recent sold price provides a concrete market benchmark from early 2024.
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