Property Overview: 1-228 Bertrand Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a highly compact, no-frills property in Winnipeg's Central St. Boniface neighbourhood. Its defining characteristic is its exceptionally small size at 333 square feet, which places it in the bottom percentile for living area compared to all nearby and citywide homes. Built in 1964, it is older than most comparable properties in the immediate area. The home has no basement, pool, or garage.

The primary appeal lies in its ultra-low financial barrier to entry, evidenced by its very low assessed value and recent sale price. It represents a unique opportunity for absolute minimalism or a strategic foothold in a central neighbourhood. This property would suit a specific type of buyer: an investor looking for a low-cost rental asset, a hands-on individual seeking an extremely affordable project space, or someone prioritizing location over square footage who desires a minimalist lifestyle. It is not suited for those needing space, modern amenities, or traditional family living.

A less obvious perspective is that properties of this scale can serve as a practical test case for living with fewer possessions and lower overhead costs. Its price point also makes it a potential candidate for creative use, such as a dedicated studio or workshop, where its limitations as a full-time residence become advantages.

Section 2: Frequently Asked Questions

1. What exactly is this property?
Based on the data, this is a very small (333 sq ft) residential building or unit built in 1964. The listing does not specify a building type (e.g., house, condo, townhouse), so further verification is needed.

2. Why is the price so low compared to nearby homes?
The price directly reflects the property's exceptionally small size, age, and lack of standard features like a basement or garage. Its assessed value and sale price are the lowest in its immediate peer group.

3. Who would typically buy a property like this?
The most likely buyers are investors, individuals looking for a minimal-cost entry into the housing market, or those seeking a small project property. It requires a vision that doesn't depend on traditional space expectations.

4. What are the ongoing costs like (property tax, etc.)?
With an assessed value significantly below the neighbourhood and city averages, the municipal property taxes would be correspondingly very low, which is a key financial consideration.

5. Is this a good investment?
As an investment, it offers low entry cost and potential for rental income, likely to a single tenant. However, its niche nature and physical limitations mean its resale market is narrower than a standard home, which carries its own risks and requires careful analysis.