Property score
35.1
Below average
Overall 35.1 · Larger and newer than most nearby homes
572 sqft (top 27%) · Built in 1963 (3 yrs newer than avg)
Located in a average-income area with median household income of ~48k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 18 dining spots, 2 schools, 5 healthcare facilitys, and 12 shops nearby
Living Area
Above average
2% smaller than neighborhood avg.
Year Built
Above average
3 yrs newer than neighborhood avg.
Mother tongue
Tagalog · 33%English · 26%
Past 10 years Central Park sales snapshot (~80% of all data)
150
72k
$126/sqft
1960
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35.1 is composed by the two sections below.
Property Score
Community Score
Central Park
How to read: Share of sales in each ~$50k price band for “central park” (Condos, 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: #46110079
$48K
Median household income
$53K
Average household income
26%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
45%
Single-person households
16%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
403-411 Cumberland Avenue — 46 amenities found within 500 m, across 7 categories, including 18 dining (nearest 80 m), 2 education (nearest 306 m), 5 healthcare (nearest 166 m).
Central Park · WPS public data · 2026
Annual incidents
52
2026
vs. city avg
+76%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
52%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 37% | Bottom 39% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This is a compact, 572-square-foot unit at 403-411 Cumberland Avenue in Winnipeg's Central Park neighbourhood. Built in 1963, it is a no-frills property with no basement, pool, or garage. Its primary appeal lies in its exceptionally low financial barrier to entry, evidenced by a most recent sale price of $7,800 and a current assessed value of $8,600. This makes it one of the most affordable property entries in the city. While its size and amenities are modest, it ranks above average for living area within its immediate area and street, indicating it is typical for the local context of older, smaller units.
The property would suit a very specific buyer: an investor looking for an ultra-low-cost addition to a portfolio, possibly for rental in a high-demand area, or a hands-on buyer seeking the absolute minimum entry point into property ownership. It is not suited for those requiring space, modern amenities, or who are not prepared for the realities and potential challenges of a building from the 1960s in an urban core neighbourhood.
Frequently Asked Questions
1. Why is the price so low?
The price reflects the property's compact size, age, lack of extra features (like a garage or basement), and its assessed value, which is in the bottom 1% citywide. It represents a baseline entry point into the market.
2. What type of building is this?
The listing does not specify a building type (e.g., apartment, condo, townhouse). Given the address format and unit size, it is likely a small unit within a larger multi-residential complex. Prospective buyers must verify the exact property type and strata/condo fees, if any.
3. Is this a good investment?
For an investor, the very low capital requirement is the main draw, potentially offering a high yield relative to the initial cost. However, investment quality depends entirely on factors like rental income potential, operating costs, building condition, and management—all of which require thorough due diligence.
4. How does it compare to other homes in the area?
The data shows a contrast: while its living space is slightly above average for Cumberland Avenue and Central Park, its assessed value is below average for those same groups. This suggests it is priced in line with (or below) other small, older units in the neighbourhood but is vastly more affordable than the Winnipeg average overall.
5. What should I research before considering this property?
Essential research includes: determining the exact ownership structure (condo, co-op, freehold), uncovering any monthly maintenance or condo fees, investigating the building's condition and pending special assessments, and understanding the rules of the corporation or association governing the property.
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