Property Overview

This is a compact, 430 sqft property built in 1909, located at 3-350 Qu'Appelle Avenue in Winnipeg's Central Park neighbourhood. It recently sold for $2,600. The home lacks a basement, garage, and pool. Its key distinguishing feature is its exceptionally low property value, which is significantly below averages for both the neighbourhood and the wider city. The appeal lies in pure affordability and minimal property tax liability, representing one of the lowest possible entry points into the Winnipeg market. It would suit a very specific buyer: an investor looking for an ultra-low-cost addition to a portfolio, someone seeking a nominal-ownership placeholder, or a buyer with the skills and vision to undertake a complete renovation of a historic, character space on an extremely tight budget. A thoughtful perspective is that, while small and dated, it exists within a building that is historically older than most in the city, potentially offering a unique sense of place that newer constructions cannot replicate.

Frequently Asked Questions

What exactly am I buying for this price?
You are purchasing a specific unit (Unit 3) within a multi-unit building at this address. The data indicates an extremely small living area (430 sqft) and a property that is over a century old, which is reflected in the price.

Why is the assessed value so much higher than the recent sale price?
The sale price of $2,600 is unusually low, even compared to the already low assessed value of $3,400. This discrepancy can occur due to the property's specific condition, the nature of the sale (e.g., a non-arms-length transaction, estate sale, or as-is condition sale), or its unique market position, which may not be fully captured by the mass assessment model.

Is this a condo or an apartment?
The listing does not specify the building type. Given the unit numbering (e.g., 6-350, 8-350) and the context, it is most likely a condominium unit or a similar stratified title within a multi-unit building. Verification of the exact title and condo fees (if any) would be essential.

What does the ranking data mean for "Year Built"?
It shows this unit is in one of the oldest buildings on its street (top 6%, rank 1 of 16), meaning it's among the first built there. However, within the broader Central Park area and citywide, it is older than the vast majority of comparable properties.

Who would this property not be suitable for?
It is not suitable for a traditional first-time homebuyer seeking a move-in ready home, a family needing space, or anyone unable to manage significant potential renovations or maintenance inherent in a 117-year-old structure. It is a highly specialized real estate proposition.