Property Overview: 9-350 Qu'Appelle Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, historically significant property in Winnipeg's Central Park neighbourhood. Built in 1909, it is notably older than most homes in the city, placing it in the top 6% for age on its own street. With 608 square feet of living space, it is modest in size but is actually above average for the Central Park area. The property has no basement, pool, or garage.
Its primary appeal lies in its ultra-low financial barrier to entry, as evidenced by its very low assessed value and historical sale price. This presents a unique opportunity for a specific buyer: an investor or very hands-on purchaser looking for a minimal-cost entry into the market, possibly for use as a rental property or a foundational asset. It suits someone comfortable with an older building's realities, potentially as part of a portfolio or a strategic, long-term hold rather than as a primary family residence. A less obvious perspective is that its standing as one of the oldest properties on the block could hold niche appeal for those interested in local heritage, despite the need for modern updates.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's age, compact size, and lack of additional features like a basement or garage. It is consistent with similar, very low-value properties in the city and is typical for smaller, older units in this specific building and immediate area.
2. What does the ranking data mean for "Year Built"?
The data shows this is an exceptionally old property by Winnipeg standards (top 99%, meaning 99% of city homes are newer). However, on its own street, it's among the older homes (top 6%). This highlights the historic character of Qu'Appelle Avenue itself compared to the wider city.
3. Who would this property be most suitable for?
It is best suited for investors or purchasers seeking the lowest possible entry point into the Winnipeg market. It is a practical option for a buy-and-hold rental strategy or for a buyer willing to live minimally while focusing on equity building elsewhere.
4. Are the other units in the building similar?
Yes, the nearby listings at 10-350, 11-350, 6-350, and others suggest this is likely a multi-unit building with similarly configured suites, indicating a consistent building type and potential for comparable rental incomes or values.
5. What are the main trade-offs for the low price?
Buyers trade space and modern amenities for cost. The 608 sq ft layout is compact, the 1909 construction will likely require diligent maintenance, and the lack of a basement, garage, or private outdoor space limits storage and utility. It offers financial accessibility over comfort or convenience.