| 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 504-15 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 649 sqft | Top 81%126/156 Avg802 sqft Top 76%348/458 Avg818 sqft Top 92%24563/26841 Avg1,042 sqft 504-15 Kennedy Street: For Living Area. On Kennedy Street, below average — Top 81%, rank 126 of 156, and comparable homes in that group average about 802 sqft. in Broadway-Assiniboine, below average — Top 76%, rank 348 of 458, and comparable homes in that group average about 818 sqft. citywide, below average — Top 92%, rank 24563 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 13.50k | Top 85%132/156 Avg15.20k Top 75%343/458 Avg20.80k Top 92%24749/26841 Avg25.60k 504-15 Kennedy Street: For Assessed Value. On Kennedy Street, below average — Top 85%, rank 132 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, below average — Top 75%, rank 343 of 458, and comparable homes in that group average about 20.80k. citywide, below average — Top 92%, rank 24749 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 15.60k | Top 28%44/156 Avg Above average same street Top 28% | Top 45%207/458 Avg Around average neighbourhood Top 45% | Top 83%22330/26841 Avg Below average Winnipeg Top 83% |
Property Overview
This 649 sqft condominium at 504-15 Kennedy Street in Winnipeg's Broadway-Assiniboine area presents a highly affordable, low-maintenance entry point into the market. Built in 1980, its primary appeal lies in its exceptionally low carrying costs, underscored by a municipal assessed value of $13,500. It last sold for $15,600 in April 2022. The unit ranks as newer than most on its street but is notably compact compared to most properties citywide. With no basement, pool, or garage, it suits a specific, pragmatic buyer.
Key Characteristics & Ideal Buyer
The defining characteristic of this property is its minimal financial footprint. The very low assessed value translates to proportionately low property taxes, making it one of the most cost-effective housing options in Winnipeg. Its appeal is not in luxury or space, but in pure function and affordability. It represents a strategic asset for investors seeking a stable, low-overhead rental or for an extremely budget-conscious individual—perhaps a student, retiree, or first-time buyer prioritizing absolute cost minimization over square footage. The building is older, but ranks well for its age on Kennedy Street, suggesting it is among the better-maintained or updated in its immediate row. The Broadway-Assiniboine location offers urban convenience, but buyers should be comfortable with a smaller living space and a building with shared common areas.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical Winnipeg properties?
The assessed value reflects the unit's small size (649 sqft), age, and the condominium's overall market value. It places in the bottom 3% of Winnipeg properties for value, indicating its role as a baseline affordable option.
2. What type of lifestyle does this condo support?
It supports a minimalist, low-maintenance lifestyle focused on urban convenience and financial efficiency. It is not suited for those needing space for a family, home office, or extensive belongings, but ideal for someone rarely at home or who lives simply.
3. Are there any concerns about the building being from 1980?
While older, the building ranks better than 99% of units on its street for age, a positive sign. However, a thorough review of the condominium corporation's reserve fund study, financial health, and any recent special assessments is essential to understand future repair costs.
4. Who might this not be suitable for?
It is likely unsuitable for families, anyone who works from home regularly, or those uncomfortable in compact spaces. The lack of private outdoor space, basement storage, or garage also limits storage and vehicle options.
5. The last sale was $15,600 in 2022. What does that indicate?
This confirms the unit's position in the absolute lowest price tier of the market. It suggests a stable, non-speculative value and highlights that the primary investment here is in affordable shelter, not significant equity growth.
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