Property Overview

This is a compact, 572-square-foot unit at 411 Cumberland Avenue in Winnipeg's Central Park neighbourhood. Built in 1963, it is a no-frills property with no basement, pool, or garage. It recently sold for $100,000.

Its primary appeal lies in its exceptional affordability and low carrying costs, underscored by a very low assessed value of $9,200. While its size is modest city-wide, it is actually above average for both its street and immediate neighbourhood, indicating it's a typical offering for this specific, budget-conscious area. The sale price ranks in the top 20% for the street, suggesting it may have presented a relative value or been in move-in-ready condition compared to nearby peers.

This property would suit first-time buyers or investors seeking the absolute lowest entry point into the market. It's a practical choice for a single person or couple who prioritizes minimal expenses over space and amenities. Given the building's multi-unit nature and the concentration of similar units nearby, it could also appeal to an investor looking for a straightforward rental property in a high-demand price segment.

Frequently Asked Questions

What do the "Top 1%" and "Top 89%" rankings mean?
These compare the property to groups of "comparable homes." Its 1963 build year is in the top 1% oldest on its street, meaning it's among the most historic buildings in that specific area. Conversely, its city-wide "Top 89%" ranking for living area means 89% of comparable Winnipeg properties are larger.

Are the low assessed value and sale price a red flag?
Not necessarily. They accurately reflect a very modest, no-amenity unit in an older building. The key perspective is that its assessed value and sale price are above average for its immediate neighbourhood, indicating it is consistent with—not an outlier in—this affordable market segment.

Who is responsible for exterior and structural maintenance?
As this is a unit within a larger building (evident by nearby addresses like 206-411, 413-411), it is almost certainly a condominium or co-op. Maintenance of the building structure, common areas, roof, and exterior would be managed by a condo corporation, with costs covered by monthly condo fees. Prospective buyers must review the condo corporation's financial health and bylaws.

What is the neighbourhood context of Central Park?
Central Park is a central, established neighbourhood. The data shows properties here are generally older and smaller than the Winnipeg average. Buyers should personally research the area's character, amenities, and dynamics to ensure it fits their lifestyle.

Why is the living area considered "above average" here but "below average" city-wide?
This highlights the importance of local context. At 572 sq ft, this unit is actually larger than most peers on Cumberland Ave. and in Central Park, where average comparable living areas are 577 and 583 sq ft respectively. City-wide, however, the average comparable home is much larger (1,042 sq ft), making this unit understandably smaller in that broader comparison.