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102-15 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

102-15 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

102-15 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
13.80k
Top 83%129/156
Top 74%338/458
Top 91%24487/26841

102-15 Kennedy Street: For Assessed Value. On Kennedy Street, below averageTop 83%, rank 129 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, below averageTop 74%, rank 338 of 458, and comparable homes in that group average about 20.80k. citywide, below averageTop 91%, rank 24487 of 26841, and comparable homes in that group average about 25.60k.

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Sales History

Sold 2/202410.90k
MetricSame streetSame areaCity-wide
Sale price
10.90k
Top 100%157/156

Below average

same street Top 100%

Top 98%449/458

Below average

neighbourhood Top 98%

Top 97%26083/26841

Below average

Winnipeg Top 97%

Sold 6/2017130k
MetricSame streetSame areaCity-wide
Sale price
130k
Top 100%157/156

Below average

same street Top 100%

Top 81%371/458

Below average

neighbourhood Top 81%

Top 94%25268/26841

Below average

Winnipeg Top 94%

Highlights & common questions: 102-15 Kennedy Street, Winnipeg

Property Overview: 102-15 Kennedy Street, Winnipeg

Key Characteristics & Appeal

This is a compact, 649 sqft condo unit in the Broadway-Assiniboine neighbourhood, built in 1980. Its primary appeal lies in its exceptional affordability, as evidenced by a recent sale price of $10,900 and a low assessed value. The building itself is notably newer than most on its street, ranking in the top 1% for year built on Kennedy Street. This suggests a potential advantage in building systems or materials compared to immediate neighbours.

The unit suits a very specific buyer: investors looking for a low-cost entry into the market, or extremely budget-conscious individuals seeking a minimal footprint in a central location. It is not suited for those requiring space, private outdoor areas, or garage parking. A thoughtful perspective is that this property represents a pure value play on location, separating the cost of the land and building from the price of a housing unit. Its appeal is almost entirely financial, offering a chance to own in Winnipeg for less than the price of a used car, albeit with the understanding that condo fees and the building's overall condition would be critical factors.


Frequently Asked Questions

1. Why is the price so low?
The sale price is significantly below the assessed value and previous sale prices, which typically indicates a transaction under special circumstances. This could include a sale between family members, a distressed sale, or the sale of a specific interest in the property. It is essential to conduct full due diligence.

2. What are the condo fees and what do they cover?
This information is not provided in the public data. Any serious buyer must obtain the condo corporation’s financial statements, bylaws, and reserve fund study to understand monthly fees, what they cover, and the long-term health of the building.

3. Is this a good investment?
As a rental investment, the extremely low purchase price could result in a high yield relative to cost. However, profitability depends entirely on the condo fees, rental income potential, and the building's need for future special assessments. Its very low ranking for living area and value within Winnipeg suggests it is a niche asset.

4. How does the "newer building" rank matter if it's from 1980?
While 1980 is not new, this ranking means most other buildings on Kennedy Street are older. This could imply relatively newer electrical, plumbing, or building envelope compared to many heritage properties in the area, though a full inspection is still necessary.

5. What does having no basement, pool, or garage mean for me?
It confirms this is a bare-minimum housing unit. All living space is contained within the 649 sqft. You would need to rely on street or public parking, and storage would be extremely limited. This emphasizes the property's role as a simple shelter in a central location.

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