| 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 1505-15 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 840 sqft | Top 1%1/156 Avg802 sqft Top 25%116/458 Avg818 sqft Top 72%19332/26841 Avg1,042 sqft 1505-15 Kennedy Street: For Living Area. On Kennedy Street, Elite — Top 1%, rank 1 of 156, and comparable homes in that group average about 802 sqft. in Broadway-Assiniboine, above average — Top 25%, rank 116 of 458, and comparable homes in that group average about 818 sqft. citywide, below average — Top 72%, rank 19332 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 16.10k | Top 15%23/156 Avg15.20k Top 33%153/458 Avg20.80k Top 80%21545/26841 Avg25.60k 1505-15 Kennedy Street: For Assessed Value. On Kennedy Street, above average — Top 15%, rank 23 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, around average — Top 33%, rank 153 of 458, and comparable homes in that group average about 20.80k. citywide, below average — Top 80%, rank 21545 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 14.50k | Top 82%128/156 Avg Below average same street Top 82% | Top 74%337/458 Avg Below average neighbourhood Top 74% | Top 89%23877/26841 Avg Below average Winnipeg Top 89% |
Property Overview
This condominium at 1505-15 Kennedy Street in Winnipeg’s Broadway-Assiniboine neighbourhood presents a specific and practical value proposition. Built in 1980, its primary appeal lies in its exceptionally low carrying costs, anchored by a municipal assessed value of $16,100. The 840 sqft unit ranks in the top 1% of its street for living space, offering more room than most direct comparables. It last sold in September 2019 for $14,500.
The property suits a very particular buyer: investors or owner-occupants seeking the absolute minimum entry point into the market, where the priority is cost containment over amenities. Its appeal is not in luxury finishes or amenities (it has no basement, pool, or garage), but in the financial freedom its low overhead could provide. A thoughtful perspective is that a property with such a low base cost could serve as a strategic foothold for someone building equity to trade up later, or for an investor focused on cash flow rather than appreciation. It’s a functional asset first and a home second.
Frequently Asked Questions
1. Why is the assessed value so low?
The assessed value reflects the municipal valuation for tax purposes, which is typically a fraction of market value. For this condo, it indicates very low annual property taxes, which is a key feature of this listing.
2. What does the ranking data mean?
The rankings compare this unit against others on the same street, in the neighbourhood, and across Winnipeg. For example, ranking in the top 1% for living area on its street means this unit is larger than 99% of its immediate comparables, which is a notable advantage in an otherwise modest building.
3. Who would this property be best for?
It is best suited for a cost-conscious investor looking for a bare-minimum holding, or a very budget-focused first-time buyer willing to trade amenities for ownership and the chance to build equity at the lowest possible entry cost.
4. Are there any major concerns with a building of this age?
Built in 1980, potential buyers must prioritize a review of the condo corporation’s reserve fund study and financial health. Understanding the plan and funding for future repairs (like roofing, windows, or building envelope) is essential, as special assessments could significantly impact the low-cost advantage.
5. How does the 2019 sale price relate to today’s value?
The 2019 sale price of $14,500 provides a historical benchmark, but current market value will be determined by recent comparable sales, current condo fees, and the building’s present condition and financials. It signals a property that has traded as a low-cost asset for years.
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