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1503-15 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

1503-15 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
840 sqft
Top 1%1/156
Top 25%116/458
Top 72%19332/26841

1503-15 Kennedy Street: For Living Area. On Kennedy Street, EliteTop 1%, rank 1 of 156, and comparable homes in that group average about 802 sqft. in Broadway-Assiniboine, above averageTop 25%, rank 116 of 458, and comparable homes in that group average about 818 sqft. citywide, below averageTop 72%, rank 19332 of 26841, and comparable homes in that group average about 1,042 sqft.

Assessed Value
17.10k
Top 5%8/156
Top 26%117/458
Top 75%20088/26841

1503-15 Kennedy Street: For Assessed Value. On Kennedy Street, EliteTop 5%, rank 8 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, above averageTop 26%, rank 117 of 458, and comparable homes in that group average about 20.80k. citywide, below averageTop 75%, rank 20088 of 26841, and comparable homes in that group average about 25.60k.

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Sales History

Sold 5/2022190k
MetricSame streetSame areaCity-wide
Sale price
190k
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 66%17776/26841

Around average

Winnipeg Top 66%

Highlights & common questions: 1503-15 Kennedy Street, Winnipeg

Property Overview

This 840 sqft condominium, built in 1980, presents a specific and compelling value proposition in Winnipeg's Broadway-Assiniboine area. Its appeal is rooted in its position as an affordable entry point into a central neighbourhood. The data suggests it is a well-maintained, older building that stands out positively on its specific street, particularly when compared to neighbouring properties in terms of its living space and recent sale history.

Key Characteristics & Ideal Buyer

The unit’s primary characteristic is its affordability, underscored by a low assessed value and a 2022 sale price significantly below city averages. Its 840 sqft size is notably spacious for the building and street, ranking in the top tier locally. While the building itself is from 1980, its condition appears favourable compared to immediate neighbours, hinting at good upkeep or updates over time.

The appeal lies in securing above-average square footage in a central location without a premium price tag. It suits pragmatic, value-focused buyers such as first-time purchasers seeking an affordable foothold, investors looking for a stable rental property with a manageable entry cost, or downsizers who prioritize space and location over modern building amenities. A thoughtful perspective is that this property represents the "bones" of inner-city living—trading flashy amenities for fundamental space and location, which can be a wise long-term hold in a transitioning area.

Frequently Asked Questions

1. What does the "rank" data actually mean for a buyer?
The rankings compare this unit to others on its street, in the neighbourhood, and across Winnipeg. For example, ranking in the top 1% on its street for living area means it's one of the largest units in the immediate building or block, a significant local advantage.

2. Are there any major concerns with a building from 1980?
While the building is 46 years old, its ranking "better than 99% in same street" for year built suggests it is newer than most on its block. This can indicate more modern construction standards than older neighbours, but a review of the condo corporation's reserve fund study and minutes is essential to understand upcoming major repairs (like roofing, windows, or elevators).

3. Why is the assessed value so much lower than the 2022 sale price?
Municipal assessed value for tax purposes often lags behind market sale prices and uses a different valuation method. The 2022 sale price is a more current indicator of its market value, though conditions may have changed since.

4. What is the significance of having no basement, pool, or garage?
This reflects a low-maintenance, lock-and-leave lifestyle with likely lower condo fees than buildings with extensive amenities. Secure parking or storage, however, may be limited or an additional cost.

5. The nearby and similarly-valued properties listed are in a different neighbourhood (Chalmers). Why?
This is for municipal assessment comparison only, showing properties with a similar tax valuation. It does not mean they are similar units or in the same location; they are in a different area of the city entirely. Your primary comparison should be with the "Nearby properties" on Kennedy Street.

Nearby & similar assessment