| 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 503-15 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 503-15 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 15.40k | Top 34%53/156 Avg15.20k Top 52%236/458 Avg20.80k Top 84%22664/26841 Avg25.60k 503-15 Kennedy Street: For Assessed Value. On Kennedy Street, around average — Top 34%, rank 53 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, around average — Top 52%, rank 236 of 458, and comparable homes in that group average about 20.80k. citywide, below average — Top 84%, rank 22664 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 160k | Top 16%25/156 Avg Above average same street Top 16% | Top 35%161/458 Avg Around average neighbourhood Top 35% | Top 81%21690/26841 Avg Below average Winnipeg Top 81% |
Property Summary: 503-15 Kennedy Street, Winnipeg
Key Characteristics & Appeal
This is a compact, 840 sqft condominium in the Broadway-Assiniboine neighbourhood, built in 1980. Its primary appeal lies in its location and relative value within its immediate context. The unit ranks very highly for its living area and year built compared to others on Kennedy Street, suggesting it is one of the larger and more modern units in its specific building or block. However, its assessed value is notably low, placing it in the top 5% of least-expensive properties city-wide, which indicates a very modest condo fee structure or a need for updates.
The property would suit a pragmatic, first-time buyer or an investor seeking an entry point into a central Winnipeg neighbourhood. It’s for someone who prioritizes location and functional space over luxury finishes, and who is comfortable with a building that offers fundamental value. A thoughtful perspective is that this unit represents the "bones" of a good investment—its central location and larger-than-average floor plan for the street provide a solid foundation, but its value suggests the potential (or necessity) for personalization to realize its full market potential.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
The assessed value is for municipal tax purposes and often lags behind market values. The significant gap between the 2020 sale price and the current assessed value could reflect market appreciation, unique unit features not captured in the assessment, or a particularly low condo fee structure that adds market value.
2. What does the ranking data actually tell me?
The rankings compare this unit against others on the same street, in the neighbourhood, and across Winnipeg. For example, ranking in the top 1% for living area on Kennedy Street confirms it's a notably spacious unit for that specific address, which is a key advantage.
3. Are there any obvious red flags from this data?
The data itself doesn't show red flags, but the combination of a 1980 build date and a very low city-wide assessment suggests the building or unit may be functionally sound but dated. A thorough review of the condo corporation's financial health, reserve fund, and any planned special assessments is essential.
4. Who might this property NOT suit?
It likely wouldn't suit buyers seeking a modern, turn-key property with premium amenities, or those who prioritize a high degree of privacy and land ownership, as it has no garage, basement, or private land area.
5. The last sale was in 2020; what should I consider given recent market changes?
Since 2020, real estate markets have seen significant shifts. While the old price offers a benchmark, a current valuation must consider updated interest rates, comparable recent sales in the building, and any changes to the condo corporation's fees or rules.
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