| 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 1508-15 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 1508-15 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 16.30k | Top 12%19/156 Avg15.20k Top 31%140/458 Avg20.80k Top 79%21254/26841 Avg25.60k 1508-15 Kennedy Street: For Assessed Value. On Kennedy Street, above average — Top 12%, rank 19 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, around average — Top 31%, rank 140 of 458, and comparable homes in that group average about 20.80k. citywide, below average — Top 79%, rank 21254 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 20.10k | Top 1%1/156 Avg Well above average — among the best in this group same street Top 1% | Top 22%99/458 Avg Above average neighbourhood Top 22% | Top 61%16410/26841 Avg Around average Winnipeg Top 61% |
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 19.70k | Top 1%1/156 Avg Well above average — among the best in this group same street Top 1% | Top 22%100/458 Avg Above average neighbourhood Top 22% | Top 63%16901/26841 Avg Around average Winnipeg Top 63% |
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 17.70k | Top 1%1/156 Avg Well above average — among the best in this group same street Top 1% | Top 23%106/458 Avg Above average neighbourhood Top 23% | Top 72%19359/26841 Avg Below average Winnipeg Top 72% |
Property Summary: 1508-15 Kennedy Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 840 sqft condominium in the Broadway-Assiniboine area, built in 1980. Its primary appeal lies in its location within a well-established neighbourhood and its compelling value proposition. The data shows it ranks in the top 1% of units on its street for both living space and recent sale price, suggesting it offers more room and perceived value than most direct comparables. It has changed hands several times in recent years, with a steady pattern of price appreciation from $17.7k in 2017 to a recent sale at $20.1k in 2024.
The property would suit a specific type of buyer: first-time investors or owner-occupants seeking a minimal-entry point into the Winnipeg market. Its very low assessed and sale values make it one of the most accessible properties citywide. It’s not a fit for those needing a garage, basement storage, or extensive private outdoor space. The appeal is pragmatic—it’s a functional foothold in a central neighbourhood where the cost of entry is exceptionally low, allowing for equity building or affordable living with a focus on location over amenities.
Section 2: Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This is the most critical question. The listing data does not include this information. For a property at this price point, the condo fees could represent a significant portion of the monthly carrying cost and directly impact affordability and investment logic.
2. Why is the assessed value so much lower than the recent sale price?
The 2024 sale price of $20.1k is approximately 23% higher than the $16.3k assessed value. This can happen when market demand outpaces municipal assessment updates, especially for uniquely low-priced entries in desirable areas. It indicates buyers are willing to pay a premium over the city’s valuation.
3. What is the financial health of the condominium corporation?
Given the building’s age (46 years), understanding the reserve fund status is essential. A well-funded reserve is crucial for managing future major repairs (e.g., roof, windows, building envelope) without imposing large special assessments on owners.
4. Are there any rental restrictions for the unit?
This is key for investor buyers. Some condominium bylaws limit the number of units that can be rented or have specific leasing rules, which would affect its suitability as an investment property.
5. How does the "top 1%" ranking for space on the street impact livability?
While ranking highly for space on Kennedy Street, the unit’s 840 sqft is still compact. This ranking speaks more to the building containing many smaller studios or micro-units. Prospective buyers should consider if the layout efficiently uses this above-average footprint for the address.
Address · Distance
Address · Assessed Value