Property Overview & Key Characteristics
This is a compact, no-frills property built in 1963, located at 411 Cumberland Avenue in Winnipeg's Central Park neighbourhood. Its primary appeal lies in its exceptionally low financial barrier to entry, with an assessed value of $7,100 and a last sale price of $6,500. At 374 sq ft, it is a very small unit, ranking in the bottom 20% for size compared to its immediate area and as one of the smallest properties citywide.
The data reveals a unique contrast: while the building's 1963 construction date is considered "Elite" (top 1%) for its specific street and neighbourhood—meaning it is newer than most comparable homes nearby—its size and value are well below local and city averages. This suggests a highly affordable, basic unit in an older building that is, itself, relatively newer than its direct peers. There is no basement, pool, or garage.
This property would suit a very specific buyer: an investor looking for an ultra-low-cost addition to a portfolio, or a minimalist buyer seeking the absolute least expensive path to property ownership in Winnipeg, with full awareness of the space constraints. It is not suited for those requiring room for possessions, a family, or traditional amenities.
Frequently Asked Questions
1. Why is the price so low?
The price reflects the property's very small size (374 sq ft) and basic nature. It is a no-frills unit in a multi-unit building, which places it at the lowest end of the market in terms of both assessed value and recent sale price.
2. What does the "Elite" ranking for Year Built mean?
It means that for its specific street (Cumberland Ave) and neighbourhood (Central Park), this building was constructed more recently (1963) than the vast majority of comparable properties. This is a relative measure only within those specific groups and does not reflect the unit's condition or amenities.
3. Who is the most likely buyer for this type of property?
The most logical buyers are investors or perhaps an extremely budget-conscious, minimalist first-time buyer. Its primary draw is its low capital requirement, not its space or features.
4. Are there any major costs or concerns I should consider?
Given the age of the building (over 60 years), prospective buyers must budget for potential special assessments or maintenance fees related to major system upgrades (like plumbing, electrical, or the roof), which are common in older buildings. The very low price point often correlates with higher potential for such costs.
5. How does it compare to an average Winnipeg home?
It is significantly different. The average comparable home in Winnipeg is about 1,042 sq ft with an assessed value near $25,600. This unit is about one-third the size and valued at roughly a quarter of that average, placing it in a distinct and niche segment of the market.