Property Overview
This is a compact, 511 sqft property built in 1909, located at 1-350 Qu'Appelle Avenue in Winnipeg's Central Park neighbourhood. Its most defining characteristic is its exceptionally low municipal assessed value of $3,800, which places it among the most affordable properties citywide. It last sold in 2019 for $30,000. The home has no basement, no garage, and no pool.
Key Characteristics & Appeal
The primary appeal of this property lies in its ultra-low barrier to entry. With an assessed value in the bottom tier for the city, it represents a minimal holding cost from a property tax perspective and a potential opportunity for a cash purchase or a very small mortgage. Its living space is modest but is actually close to the average for other homes on Qu'Appelle Avenue itself.
This property would suit a highly specific buyer: an investor looking for a deeply affordable addition to a portfolio, someone seeking an extremely low-cost urban foothold, or a hands-on individual interested in a micro-renovation project on a tight budget. Its context is important—it sits on a block with several similarly addressed units, suggesting a possible condo or co-op style of ownership that requires careful verification. The charm here isn't in luxury, but in pure economic minimalism and potential.
Frequently Asked Questions
1. What does the assessed value of $3,800 actually mean?
This is the value assigned by the City of Winnipeg for taxation purposes. While not a direct market price, it indicates extremely low annual property taxes, making the holding costs minimal.
2. Why are there so many properties with "350 Qu'Appelle" addresses?
The listing shows several units (e.g., 6-350, 9-350) at the same location. This strongly suggests a multi-unit building, such as a condominium or housing co-operative. Determining the exact form of ownership is a crucial first step.
3. What is the "Top X%" ranking shown for each metric?
These rankings compare this specific property against groups of "comparable homes." For example, its 1909 build date is in the Top 6% oldest on its street, but in the Top 99% oldest citywide (meaning 99% of homes in Winnipeg are newer).
4. Is the 2019 sale price of $30,000 relevant today?
It establishes a very recent benchmark for ultra-low-value transactions in the area. While market conditions have changed, it firmly sets the historical context for this property's price range.
5. What are the major considerations before viewing a property like this?
Prospective buyers must immediately investigate: the legal structure of ownership (condo, co-op, etc.), the status of any condo/co-op fees or special assessments, the condition of the building's common elements and roof, and whether financing is available for a unit in this price and age range.