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1004-15 Kennedy Street

BasementNoPoolGarageNoneBuilding Type

Rankings

MetricSame streetSame areaCity-wide
Year Built
1980 46 years ago
Top 1%1/156
Top 57%260/458
Top 62%16580/26841

1004-15 Kennedy Street: For Year Built. On Kennedy Street, EliteTop 1%, rank 1 of 156, and comparable homes in that group average about 1980. in Broadway-Assiniboine, around averageTop 57%, rank 260 of 458, and comparable homes in that group average about 1983. citywide, around averageTop 62%, rank 16580 of 26841, and comparable homes in that group average about 1990.

Living Area
649 sqft
Top 81%126/156
Top 76%348/458
Top 92%24563/26841

1004-15 Kennedy Street: For Living Area. On Kennedy Street, below averageTop 81%, rank 126 of 156, and comparable homes in that group average about 802 sqft. in Broadway-Assiniboine, below averageTop 76%, rank 348 of 458, and comparable homes in that group average about 818 sqft. citywide, below averageTop 92%, rank 24563 of 26841, and comparable homes in that group average about 1,042 sqft.

Assessed Value
14.60k
Top 81%127/156
Top 73%334/458
Top 89%23764/26841

1004-15 Kennedy Street: For Assessed Value. On Kennedy Street, below averageTop 81%, rank 127 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, below averageTop 73%, rank 334 of 458, and comparable homes in that group average about 20.80k. citywide, below averageTop 89%, rank 23764 of 26841, and comparable homes in that group average about 25.60k.

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Sales History

Sold 3/202316.60k
MetricSame streetSame areaCity-wide
Sale price
16.60k
Top 8%13/156

Above average

same street Top 8%

Top 29%133/458

Above average

neighbourhood Top 29%

Top 78%20904/26841

Below average

Winnipeg Top 78%

Sold 2/201718.80k
MetricSame streetSame areaCity-wide
Sale price
18.80k
Top 1%1/156

Well above average — among the best in this group

same street Top 1%

Top 22%101/458

Above average

neighbourhood Top 22%

Top 67%17964/26841

Around average

Winnipeg Top 67%

Sold 10/201612.80k
MetricSame streetSame areaCity-wide
Sale price
12.80k
Top 100%157/156

Below average

same street Top 100%

Top 85%390/458

Below average

neighbourhood Top 85%

Top 95%25397/26841

Below average

Winnipeg Top 95%

Highlights & common questions: 1004-15 Kennedy Street, Winnipeg

Property Overview

This 649 sqft condo unit in the Broadway-Assiniboine neighbourhood presents a highly affordable entry point into the Winnipeg market. Built in 1980, its key appeal lies in its low financial barrier, evidenced by a modest assessed value and a recent 2023 sale price of $16,600. The data suggests it is a functional space suited for a specific buyer rather than a luxury purchase.

Its characteristics are a study in contrasts. While it ranks in the bottom tier city-wide for size and assessed value, it sits in a building that is newer than most on its street. This indicates a well-established, no-frills building in a central location. The unit has changed hands several times in recent years, showing consistent demand at its price point.

This property would suit a very budget-conscious first-time buyer, an investor looking for a straightforward rental property with minimal capital outlay, or someone seeking a minimal footprint in a central neighbourhood without a mortgage. Its value is purely utilitarian.

Key Considerations & FAQs

  1. What does the ranking data actually mean for daily living?
    While rankings against the entire city seem low, they reflect the unit's small size and low value. More importantly, within its own immediate street and building context, it's a typical offering. The building itself is newer than most on the block, which can be a positive.

  2. Why has it sold several times since 2016?
    The turnover is likely a feature of its price range. It attracts investors or short-term owners who may use it as a stepping stone. This pattern isn't uncommon for highly affordable condo units and indicates a liquid market at this entry level.

  3. Are there any hidden costs I should be aware of?
    With an assessed value and sale price this low, condo fees (which are not detailed here) become a critical factor. Potential monthly fees could represent a significant percentage of the unit's carrying costs and must be investigated thoroughly.

  4. What is the neighbourhood like?
    Broadway-Assiniboine is a central, established area. The property's appeal is location-based convenience. Given the building's age and the unit's value, it likely offers practical access to amenities rather than high-end finishes or views.

  5. Is this a good investment?
    As an investment, it offers low entry cost and likely stable rental demand due to its affordability. Capital appreciation may be limited compared to larger properties, so the focus would be on cash flow. Its consistent sale history shows it remains a tradable asset.

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