| 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 1601-15 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 1601-15 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 15.80k | Top 19%29/156 Avg15.20k Top 40%185/458 Avg20.80k Top 82%21976/26841 Avg25.60k 1601-15 Kennedy Street: For Assessed Value. On Kennedy Street, above average — Top 19%, rank 29 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, around average — Top 40%, rank 185 of 458, and comparable homes in that group average about 20.80k. citywide, below average — Top 82%, rank 21976 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 17.20k | Top 3%4/156 Avg Well above average — among the best in this group same street Top 3% | Top 25%113/458 Avg Above average neighbourhood Top 25% | Top 74%19956/26841 Avg Below average Winnipeg Top 74% |
Property Overview
This 840 sqft condominium at 1601-15 Kennedy Street, built in 1980, presents a specific and practical value proposition in Winnipeg’s Broadway-Assiniboine area. Its appeal is rooted in affordability and location rather than size or luxury finishes. The unit is notably compact, with a living area ranking in the top 86% for the city (meaning 86% of Winnipeg homes are larger). However, it stands out on its own street, ranking in the top 1% for both living area and recent sale price compared to its immediate neighbours. This suggests it is one of the more substantial and valuable units within this particular building or complex.
The recent sale in April 2024 for $17,200 aligns with a very low assessed value, indicating an extremely accessible entry point into the market. This would suit a highly budget-conscious first-time buyer, an investor looking for a minimal-cost rental property, or someone seeking a basic, no-frills pied-à-terre in a central location. The building’s age (46 years) means potential buyers should be prepared for possible retrofits or special assessments common to older condominium structures. A thoughtful perspective here is that this property represents the "ground floor" of the market; its value is less about appreciation potential and more about providing a functional shelter at the absolute lowest capital cost, which can be a strategic move for certain financial situations.
Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This is the most critical question for a property at this price point. The fees directly impact affordability and value. The listing data does not include this information, so it must be obtained directly from the condominium corporation.
2. What is the financial health of the condominium reserve fund?
Given the building's age (46 years), understanding the reserve fund status is essential. A healthy fund plans for major repairs (roof, windows, elevators, etc.), while an underfunded one could lead to special assessments.
3. Is parking included, and if so, what type?
The listing notes "Garage: None," but it should be clarified if there is any dedicated surface parking, assigned spot, or only street parking available.
4. How does the recent sale price compare to the assessed value?
The unit sold for $17,200 in April 2024, which is slightly above its $15,800 assessed value. This indicates the sale was very close to its official valuation, confirming its market position as a low-cost option.
5. What are the specific restrictions in the condominium bylaws?
For an older building, bylaws may have clauses regarding rentals, pet ownership, renovations, or age restrictions that could significantly impact the buyer's intended use.
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