85.3
Excellent
Property score
85.3
Excellent
Overall 85.3
Larger and newer than most nearby homes
1,832 sqft (top 27%)
Built in 2024 (6 yrs newer than avg)
Located in a high-income area
with median household income of ~121k
Transit 60.0
10-min walk to transit with 3 nearby routes
Within 500m: 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
12% 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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85.3 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
8 Cheema Drive — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 220 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 30% | Top 14% | Top 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 8 Cheema Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a modern, two-year-old home (built in 2024) in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its new construction status and strong value positioning. With 1,832 sqft of living space, it offers above-average roominess for both its immediate neighbourhood and the city overall. The assessed value of $604,000 is notably higher than area averages, reflecting its new condition and desirability within this specific market.
The home suits buyers looking for a modern, low-maintenance property without the wait or uncertainties of a new build. It’s particularly fitting for those who prioritize contemporary features and energy efficiency that come with a recent build. A thoughtful perspective is that while the lot size is typical for the street, it is more compact compared to the Winnipeg city-wide average. This suggests the property’s value is driven more by the home itself than by extensive outdoor space, ideal for buyers seeking a manageable yard.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
It is one of the newest homes on Cheema Drive, ranking in the top 2% for year built. Its living space is slightly above the street average, and its assessed value is in the top 14%, indicating it is a premium offering on this block.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is often based on historical data. Noting that the home sold in late 2024 within the $550k-$600k range provides a more current market benchmark to consider alongside the $604k assessment.
3. What does the "North Inkster Industrial" neighbourhood imply?
This designation typically indicates a mixed-use area. Buyers should be aware that proximity to light industrial or commercial properties is possible, which can offer convenient access to services and major routes but may differ in character from purely residential suburbs.
4. How does the lot size impact potential for expansion or outdoor living?
At 3,795 sqft, the lot is standard for the area but below the city-wide average. This may limit possibilities for large additions or extensive landscaping projects but is suitable for a patio, garden, and manageable upkeep.
5. Where can I find verified sale history and exact past sale prices?
The provided sold price is an estimated range from public records. For fully verified figures and exact transaction history, you must request a manual lookup from the site via email, as this information is not sourced from the MLS system.
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