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303-15 Kennedy Street

BasementNoPoolGarageNoneBuilding Type

Rankings

MetricSame streetSame areaCity-wide
Year Built
1980 46 years ago
Top 1%1/156
Top 57%260/458
Top 62%16580/26841

303-15 Kennedy Street: For Year Built. On Kennedy Street, EliteTop 1%, rank 1 of 156, and comparable homes in that group average about 1980. in Broadway-Assiniboine, around averageTop 57%, rank 260 of 458, and comparable homes in that group average about 1983. citywide, around averageTop 62%, rank 16580 of 26841, and comparable homes in that group average about 1990.

Living Area
840 sqft
Top 1%1/156
Top 25%116/458
Top 72%19332/26841

303-15 Kennedy Street: For Living Area. On Kennedy Street, EliteTop 1%, rank 1 of 156, and comparable homes in that group average about 802 sqft. in Broadway-Assiniboine, above averageTop 25%, rank 116 of 458, and comparable homes in that group average about 818 sqft. citywide, below averageTop 72%, rank 19332 of 26841, and comparable homes in that group average about 1,042 sqft.

Assessed Value
16.30k
Top 12%19/156
Top 31%140/458
Top 79%21254/26841

303-15 Kennedy Street: For Assessed Value. On Kennedy Street, above averageTop 12%, rank 19 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, around averageTop 31%, rank 140 of 458, and comparable homes in that group average about 20.80k. citywide, below averageTop 79%, rank 21254 of 26841, and comparable homes in that group average about 25.60k.

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Sales History

Sold 1/201615.50k
MetricSame streetSame areaCity-wide
Sale price
15.50k
Top 32%50/156

Around average

same street Top 32%

Top 49%226/458

Around average

neighbourhood Top 49%

Top 84%22524/26841

Below average

Winnipeg Top 84%

Highlights & common questions: 303-15 Kennedy Street, Winnipeg

Property Summary: 303-15 Kennedy Street, Winnipeg

Key Characteristics & Appeal

This 840 sqft condo, built in 1980, presents a highly affordable entry point into Winnipeg’s Broadway-Assiniboine area. Its primary appeal lies in its exceptionally low carrying costs, underscored by a municipal assessed value of just $16,300. The unit ranks in the top 1% of its street for both its newer year of construction and its living space, suggesting it is a relatively spacious and modern offering within its immediate building context. It last sold in 2016 for $15,500.

This property would suit a very specific buyer: a budget-conscious first-time purchaser, an investor seeking a minimal-cost rental asset, or someone looking to drastically downsize their living expenses. Its value proposition is purely financial rather than based on luxury features—it has no basement, garage, or pool. The appeal is for those who see homeownership primarily as a low-cost alternative to renting, freeing up income for other pursuits or investments. A less obvious perspective is its potential stability; in a building where many units are of similar value, it may be less susceptible to volatile market swings that affect higher-priced properties.

Frequently Asked Questions

1. What are the monthly condo fees, and what do they cover?
This is the most critical question. With such a low property value, the monthly condo fee will be the decisive factor in overall affordability. You must obtain a copy of the building’s budget to understand the fee and what utilities, amenities, or reserve fund contributions it includes.

2. What is the current state of the building’s reserve fund?
Given the building’s age (46 years), major repairs like roofing, elevators, or building envelope work are likely. A healthy reserve fund is essential to avoid special assessments that could far exceed the unit’s purchase price.

3. What is the rental situation in the building?
For an investor, understanding if the building allows rentals and the current tenant demand is key. For an owner-occupant, a high percentage of renters can impact the sense of community and building upkeep.

4. Why is the assessed value so low compared to other Winnipeg condos?
The assessed value places it in the bottom 6% city-wide. This typically reflects the unit’s small size, the building’s age and condition, and potentially higher condo fees or past special assessments that affect market value.

5. What specific renovations or updates have been made to this unit?
Since the building data is from 1980, the livability depends entirely on updates made within the suite. Inquire about the age of appliances, flooring, windows, and the bathroom/kitchen condition to gauge immediate move-in readiness or required investment.

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