Property score
33.9
Below average
Overall 33.9 · Smaller but newer than most nearby homes
374 sqft (bottom 18%) · 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
Below average
36% 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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33.9 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
501-411 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 29% | Bottom 31% | Bottom 1% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 25% | Bottom 27% | Bottom 1% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 21% | Bottom 23% | 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, no-frills condominium unit at 501-411 Cumberland Avenue in Winnipeg's Central Park neighbourhood. Built in 1963, it offers 374 square feet of living space. The unit has no basement, garage, or pool. Its most defining feature is its exceptionally low financial barrier to entry, with a city-wide assessed value of $6,800 and recent sale prices between $6,900 and $7,500. While its size and assessed value rank in the bottom tiers city-wide, the building itself is among the oldest and most established on its street and in the immediate area.
Section 1: Key Characteristics & Appeal
Key Characteristics:
This is a minimalist, entry-level property defined by its small footprint (374 sq ft) and very low property value. It is part of an older, well-established building in Central Park. The data suggests it is a basic, functional space rather than a luxury offering.
Where Its Appeal Lies:
The appeal is almost entirely financial. It represents one of the most accessible points of entry into the Winnipeg housing market, with extremely low property taxes and purchase price. For the right buyer, it offers independence and equity building at a minimal cost. A less obvious perspective is its potential as a specific lifestyle choice: it forces a simplified, clutter-free way of living and could suit someone seeking an ultra-affordable private space in a central location, purely as a place to sleep and base themselves while living life elsewhere in the city.
Suitable Buyer Profile:
This property would suit a very budget-conscious first-time buyer, a single individual seeking absolute minimum overhead, or possibly an investor looking for a low-cost rental unit. It is not suitable for those needing space, amenities, or for families.
Section 2: Frequently Asked Questions
1. What does the "Top 1%" ranking for Year Built mean?
This means the building itself is among the oldest 1% of comparable properties on Cumberland Avenue and in Central Park. It indicates a well-established, mature building, not that it is new or recently renovated.
2. Why is the assessed value so much lower than the city average?
The assessed value is very low due to the combination of a very small square footage, the age of the building, and market factors in its specific location. It reflects the unit's position as a baseline, no-frills housing option.
3. Is this a good investment?
As an investment, it offers high affordability and likely a low-cost rental opportunity. However, potential buyers should carefully consider condo fees (not listed here), the building's reserve fund, and the very specific tenant market for a unit of this size and type. Its value appreciation may differ from the broader market.
4. What are the condo fees and what do they cover?
This information is not provided in the available data. This is a critical question to ask the listing agent or property manager, as fees can significantly impact the total monthly cost and may cover utilities, building insurance, or maintenance.
5. The sale price has increased slightly between 2017 and 2023. Is that a positive sign?
The modest price increase from $6,900 to $7,500 over six years shows some stability in its very niche market segment. It should not be interpreted as strong market growth, but rather a sign of sustained, baseline demand for ultra-affordable housing options.
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