11-821 St Paul Avenue

Property Overview

This is a compact, century-old property in Winnipeg's St. Matthews neighbourhood. Its primary appeal lies in its position as an entry point into the housing market, characterized by a very low assessed value. At 515 square feet, it is notably smaller than most homes in the city, ranking in the bottom percentile for living area. Built in 1911, the home is older than the vast majority of Winnipeg properties. It sits on a street with several similar addresses, suggesting a possible multi-unit or subdivided building context. There is no basement, garage, or pool noted.

The property would suit a specific type of buyer: an investor looking for a low-cost rental unit, a minimalist seeking the absolute lowest price point for homeownership, or a buyer intending to use the land for future development, given the lot's potential value relative to the existing structure. Its appeal is not in space or modern amenities, but in affordability and location within an established neighbourhood. A thoughtful perspective is that its extremely low annual property taxes (implied by the assessed value) could free up significant cash flow for renovations or savings, making it a strategic financial play rather than a conventional home.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value of $10,100 is among the lowest in Winnipeg, reflecting the property's very small size (515 sq ft), age, and likely the need for significant updates or the nature of its construction as part of a larger building.

2. What does the address format (11-821) indicate?
This format typically denotes a unit number (11) within a larger building or complex at 821 St Paul Avenue, suggesting this is a condo-style property or part of a subdivided house rather than a standalone single-family home.

3. Are there any major concerns with a house built in 1911?
Buyers should budget for and investigate systems common in century-old homes, such as wiring, plumbing, and insulation. The absence of a basement may limit storage and mechanical space. A thorough inspection is essential.

4. Who would be interested in a 515 sq ft home?
It appeals to investors, extreme minimalists, or those using it as a stepping stone into the market. It is less suited for families or those needing space to work from home.

5. The sales history shows it sold for $9,000 in 2019. What does that mean?
This very low sale price, close to its current assessed value, confirms its status as a ultra-affordable property. It indicates the market has consistently valued it as a land-value or functional-unit purchase rather than a typical family home.