| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 1980 （46 years ago） | Top 1%1/156 Avg1980 Top 57%260/458 Avg1983 Top 62%16580/26841 Avg1990 1202-15 Kennedy Street: For Year Built. On Kennedy Street, Elite — Top 1%, rank 1 of 156, and comparable homes in that group average about 1980. in Broadway-Assiniboine, around average — Top 57%, rank 260 of 458, and comparable homes in that group average about 1983. citywide, around average — Top 62%, rank 16580 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 649 sqft | Top 81%126/156 Avg802 sqft Top 76%348/458 Avg818 sqft Top 92%24563/26841 Avg1,042 sqft 1202-15 Kennedy Street: For Living Area. On Kennedy Street, below average — Top 81%, rank 126 of 156, and comparable homes in that group average about 802 sqft. in Broadway-Assiniboine, below average — Top 76%, rank 348 of 458, and comparable homes in that group average about 818 sqft. citywide, below average — Top 92%, rank 24563 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 13.10k | Top 91%142/156 Avg15.20k Top 78%356/458 Avg20.80k Top 94%25172/26841 Avg25.60k 1202-15 Kennedy Street: For Assessed Value. On Kennedy Street, below average — Top 91%, rank 142 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, below average — Top 78%, rank 356 of 458, and comparable homes in that group average about 20.80k. citywide, below average — Top 94%, rank 25172 of 26841, and comparable homes in that group average about 25.60k. | ||
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 16.20k | Top 14%22/156 Avg Above average same street Top 14% | Top 33%150/458 Avg Around average neighbourhood Top 33% | Top 80%21418/26841 Avg Below average Winnipeg Top 80% |
Property Overview
This 649 sqft condo at 1202-15 Kennedy Street, built in 1980, presents a highly affordable entry point into Winnipeg’s Broadway-Assiniboine area. Its primary appeal lies in its low financial barrier, with a modest assessed value and recent sale price, making it one of the most budget-conscious options in the entire city. The building itself is notably newer than most on its street, ranking in the top 1% for year built in that immediate locale.
This property would suit a very specific buyer: first-time purchasers or investors seeking minimal upfront capital outlay. It’s a practical choice for someone who prioritizes location and getting into the market over space or modern finishes. The data suggests it’s a lean, no-frills unit—with no basement, garage, or pool—ideal for a minimalist lifestyle or as a straightforward rental property.
A less obvious perspective is its potential as a calculated holding property. Its rock-bottom value metrics in the city-wide rankings could indicate a higher margin for error and less downside pressure in a softening market, while its above-average "newness" on the street suggests relative durability compared to immediate neighbors.
Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This information is not provided in the available data. A critical next step would be to obtain the condo corporation’s financial statements and bylaws to understand the fee structure, reserve fund status, and any special assessments.
2. Why is the assessed value so much lower than the recent sale price?
The 2023 sale price of $16.2k was higher than the current $13.1k assessment. This discrepancy is common and can be due to assessment timing, market fluctuations, or interior condition. It’s advisable to review the assessment details with the city.
3. Is this a good investment for a rental property?
Given the extremely low purchase price, the potential for positive cash flow is higher than with a more expensive unit. However, success depends entirely on the condo fees, rental rates in the building, and the corporation’s rules on rentals, which must be verified.
4. The living area is quite small. How is the layout?
At 649 sqft, the unit is compact. The floor plan is not detailed here, so viewing the property or obtaining a layout schematic is essential to understand if the space is configured efficiently as a one-bedroom or studio.
5. The building ranks well for age on its street but poorly for size and value. What does this mean?
This contrast highlights the property’s profile: you are buying into one of the more modern buildings on the block (a positive), but the unit itself is among the smallest and most modestly valued in the area. It reflects a trade-off between building age and unit size/price point.
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Address · Assessed Value