| 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 501-15 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 501-15 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 15.70k | Top 21%33/156 Avg15.20k Top 41%190/458 Avg20.80k Top 83%22149/26841 Avg25.60k 501-15 Kennedy Street: For Assessed Value. On Kennedy Street, above average — Top 21%, rank 33 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, around average — Top 41%, rank 190 of 458, and comparable homes in that group average about 20.80k. citywide, below average — Top 83%, rank 22149 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 17.60k | 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 73%19479/26841 Avg Below average Winnipeg Top 73% |
Property Overview & Key Characteristics
This condominium at 501-15 Kennedy Street in Winnipeg's Broadway-Assiniboine neighbourhood presents a highly affordable, low-maintenance entry point into the market. Built in 1980, its primary appeal lies in its exceptional value for the location. With an assessed value of $15,700 and a previous sale at $17,600 in 2019, it stands out as one of the most cost-effective properties in the city, ranking in the top 5% for affordability across Winnipeg.
The 840 sqft unit offers more living space than 99% of units on its street and 75% in the broader neighbourhood, providing above-average roominess for the price point. Its age is a relative strength on Kennedy Street, where it is newer than 99% of comparable properties. The building does not include a basement, pool, or private garage.
This property would suit first-time buyers seeking minimal financial barrier to entry, investors looking for a stable, low-cost rental asset, or downsizers prioritizing simplicity and location over amenities. Its value proposition is straightforward: maximum square footage and a central neighbourhood for a minimal capital investment, accepting that the trade-off is an older building without premium features.
Frequently Asked Questions
1. What does the "rank" information mean?
The rankings compare this specific property against others on its street, in the Broadway-Assiniboine neighbourhood, and across all of Winnipeg. For example, ranking in the "Top 1%" for living area on its street means 99% of units there are smaller. This helps contextualize its size, value, and age relative to its immediate and city-wide competition.
2. Why is the assessed value so much lower than typical Winnipeg properties?
The assessed value of $15,70k is exceptionally low, placing it in the top 5% of all Winnipeg properties for affordability. This typically reflects the building's age, the condominium fee structure covering major expenses, and the modest nature of the unit itself. It indicates very low property taxes but may also suggest a correspondingly conservative condo corporation budget.
3. Are there any major costs not reflected in the price?
Yes. As a condominium, there will be a monthly condo fee that covers shared building expenses like insurance, maintenance, and potentially some utilities. This ongoing fee is a critical part of the affordability calculation and must be obtained. The lack of a private garage may also mean additional costs for a parking space or street permit.
4. The last sale was in 2019; is that a concern?
Not necessarily. A sale five years ago suggests a stable ownership period. More importantly, the sale price of $17,600 was close to the current assessed value, indicating the property has maintained its very low value bracket in a market where most prices have risen significantly. This underscores its role as a consistent, entry-level asset.
5. What are the less obvious trade-offs with such an affordable property?
The standout affordability often correlates with an older building envelope and shared systems (like plumbing or heating). Prospective buyers should pay close attention to the condo corporation's reserve fund study and minutes to understand the long-term maintenance plan and potential for special assessments. The value is in the land location and living space, not modern finishes or amenities.
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