210-15 Kennedy Street

Property Overview

This 840 sqft unit at 210-15 Kennedy Street in Broadway-Assiniboine presents a specific and practical value proposition. Built in 1980, its primary appeal lies in its position as an affordable entry point into a central Winnipeg neighbourhood. The data suggests it is a modest, no-frills property—it has no basement, garage, or pool. Its assessed value is notably low, ranking higher than only 6% of properties citywide, which directly translates to very low property taxes. This isn't a luxury property, but a functional one.

The unit would suit a first-time buyer, an investor looking for a low-cost rental property, or someone seeking to minimize monthly carrying costs while maintaining a central location. Its smaller living area is offset by its efficiency. A thoughtful perspective is that this property represents a "foot-in-the-door" opportunity for the neighbourhood; it allows an owner to build equity and potentially trade up within the area later. Its recent sale history shows significant appreciation between 2016 and 2021, indicating it can be a solid stepping stone in a rising market.

Frequently Asked Questions

1. What does the "rank" data actually mean?
The rankings compare this specific unit against others on its street, in its neighbourhood, and across Winnipeg. For example, its living area is larger than 99% of units on Kennedy Street, but smaller than 86% of properties in Winnipeg, highlighting its context as a relatively spacious condo in a building of likely smaller units.

2. Why is the assessed value so much lower than the last sale price?
The assessed value ($16,400) is for municipal tax purposes and is typically below market value. The last recorded sale was $170,000 in 2021, which is the relevant market benchmark.

3. What are the implications of having no basement or garage?
This means all living and storage is contained within the 840 sqft unit. Buyers should plan for in-suite storage solutions and consider that in-suite laundry (if present) would be in a closet, not a separate basement area. The lack of a private garage is common for condo living.

4. The data shows many nearby units in the same address. What is the building type?
While not explicitly stated, the addressing pattern (e.g., 210-15, 1405-15, 1001-15) strongly indicates this is a condominium apartment or townhouse complex, not a single-family home.

5. How should I interpret the sale history from 2016 to 2021?
The property sold for $14,800 in 2016 and then $170,000 in 2021. This dramatic increase suggests a major renovation may have occurred between those sales, fundamentally changing the unit's condition and value. Confirming this with a viewing and property disclosure statement is essential.