410-411 Cumberland Avenue

Property Overview

This is a compact, 374 sqft unit built in 1963, located at 410-411 Cumberland Avenue in Winnipeg's Central Park neighbourhood. Its standout feature is its exceptionally low financial barrier to entry, with an assessed value of $6,800. The appeal here is almost entirely economic: it represents one of the most affordable entry points into the Winnipeg housing market. The unit ranks in the top 1% for its age within its immediate area, indicating it is among the oldest—and thus likely most established—properties on its street.

This property would suit a very specific buyer: an investor looking for a minimal-cost addition to a portfolio, or a highly budget-conscious individual seeking absolute minimal ownership costs. It is not suited for those requiring space, modern amenities, or certain conveniences, as it has no garage, no basement, and living area significantly below local averages.

Key Details & FAQs

• What are the key characteristics? A 374 sqft unit built in 1963 with an assessed value of $6,800. It has no garage, no basement, and living space well below the city average.
• Where does its appeal lie? Purely in its ultra-low cost of acquisition and ownership. It offers a foothold in property ownership with very little capital required.
• Who is this property best suited for? Primarily investors or landlords seeking a low-cost asset, or an owner-occupant with minimal space needs and a strict focus on cost containment above all else.
• What does the "top 1%" ranking for year built mean? In this context, it means the unit is among the oldest 1% of comparable properties on its street. This isn't a mark of prestige but of vintage, which can imply well-established infrastructure but also potentially higher maintenance needs.
• What should a potential buyer consider? The extremely low square footage requires a minimalist lifestyle. Due diligence on monthly condo or maintenance fees (not listed here), the building's reserve fund, and the condition of common elements is critical, as these ongoing costs can far outweigh the low property value.