201-15 Kennedy Street

Property Overview

This 840 sqft unit at 201-15 Kennedy Street in Broadway-Assiniboine is a practical, no-frills condo built in 1980. Its primary appeal lies in its exceptional affordability, as reflected in its low assessed value, making it one of the most accessible entry points into the Winnipeg market. The building itself is well-established within its immediate street context, ranking newer and larger than most units on Kennedy Street. This unit would suit first-time buyers or investors seeking a minimal-cost foothold in a central neighbourhood. It’s a straightforward property for those prioritizing financial accessibility over modern finishes or amenities (note: no basement, pool, or garage). A thoughtful perspective is that its very low costs could allow for budget-friendly personal updates, and its strong rankings on its specific street suggest it may be a relative standout within its own building complex.

Key Details & FAQs

Key Characteristics & Appeal

• Affordability & Value: With a very low assessed value, this is a highly affordable option. Its last sale was in 2022 for $14.2k, indicating a stable, low-cost market segment.
• Space & Building Context: At 840 sqft, the living space is quite generous compared to 99% of other units on Kennedy Street. The building, from 1980, is also newer than nearly all others on the street.
• Target Buyer: This property is best suited for cost-conscious first-time homebuyers, budget-minded investors looking for a rental unit, or buyers who want to minimize their mortgage outlay. It is not suited for those seeking modern amenities, private outdoor space, or parking.

Frequently Asked Questions

1. Is this a good investment property?
Given the very low purchase price and property taxes, it could offer a positive cash flow as a rental with a minimal initial investment. However, potential investors must carefully research condo fees, building reserve funds, and typical rental rates in the area.

2. Why is the price so low compared to other condos?
The low assessed and sale prices are characteristic of some older, no-amenity condo buildings in Winnipeg. It reflects the basic nature of the unit, its age, and the market segment for highly affordable homeownership.

3. How do the "rankings" work?
The rankings compare this specific unit against others. For example, ranking "better than 99% in same street" for living area means this unit is larger than 99% of other listed units on Kennedy Street. This helps show how it stacks up in its immediate vicinity.

4. What are the condo fees and what do they cover?
This information is not provided in the available data. It is essential to review the condo corporation's financial statements and bylaws to understand monthly fees, included utilities (if any), and the health of the reserve fund for major repairs.

5. The unit sold in 2022 and 2020. Does that indicate a quick turnover?
The recent sales could suggest an active market for affordable units like this one. It doesn't necessarily indicate a problem, but it would be prudent to inquire about the reasons for sale to ensure there are no building-wide issues.