Property Overview

This is a compact, historically significant property built in 1909, located at 6-350 Qu'Appelle Avenue in Winnipeg's Central Park neighbourhood. Its primary appeal lies in its exceptionally low financial barrier to entry, reflected in a very modest assessed value. The 440 sqft living space indicates a small, likely efficient layout. While it ranks as one of the older homes on its specific street, it is significantly older than most homes in both the Central Park area and Winnipeg overall. The last known sale was in 2016 for $8,100.

Key Characteristics & Ideal Buyer

This property is defined by its simplicity and affordability above all else. It has no basement, garage, or pool. Its key characteristic is its position as one of the most affordable property types in the city, with an assessed value placing it in the bottom tier city-wide. The appeal is purely functional and financial: it represents minimal property tax liability and a very low-cost entry into property ownership. It would suit a highly specific buyer, such as someone seeking an absolute minimum-cost asset for address purposes, a tiny supplemental income property, or a land banking opportunity where the building itself is of little consequence. A less obvious perspective is that its age and small size make it a candidate for someone interested in a micro-renovation or sustainable minimalist living project, though its location and context must be carefully considered.

Frequently Asked Questions

1. What exactly am I buying here?
You are purchasing a small, 440 sqft dwelling unit built in 1909. The data suggests it is one of multiple units at 350 Qu'Appelle Avenue (e.g., units 3, 6, 8, 9, 10, 11, 12 are all listed nearby), indicating it is likely part of a small apartment block or converted house.

2. Why is the assessed value so low compared to the 2016 sale price?
The assessed value ($3,400) is for municipal tax purposes and is typically lower than market value. The 2016 sale price of $8,100 may reflect a past market condition or the specific circumstances of that sale. The large gap highlights the property's niche, ultra-affordable status.

3. Is this a good investment?
It is a very high-risk, speculative investment in a traditional sense. Its value is not in equity growth or rental income potential (given its size and likely condition), but in providing the cheapest possible form of property ownership. It could be seen as a placeholder asset or a very long-term land play.

4. What should I research about the building and location?
Critical due diligence includes: confirming the legal structure (condominium, co-op, or fee simple), understanding monthly maintenance or condo fees (if any), and thoroughly researching the specific building's condition and the immediate Central Park neighbourhood.

5. How does its age affect the purchase?
A 117-year-old building will almost certainly require significant upkeep. While systems may have been updated, the structure itself is historic. Financing and insurance may be challenging or costly, and any renovation plans must account for the building's age and potential heritage considerations.