| 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 506-15 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 506-15 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 16.50k | Top 8%13/156 Avg15.20k Top 29%133/458 Avg20.80k Top 78%20904/26841 Avg25.60k 506-15 Kennedy Street: For Assessed Value. On Kennedy Street, above average — Top 8%, rank 13 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, above average — Top 29%, rank 133 of 458, and comparable homes in that group average about 20.80k. citywide, below average — Top 78%, rank 20904 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 190k | Top 1%1/156 Avg Well above average — among the best in this group same street Top 1% | Top 22%101/458 Avg Above average neighbourhood Top 22% | Top 66%17627/26841 Avg Around average Winnipeg Top 66% |
Property Summary: 506-15 Kennedy Street, Winnipeg
Section 1: Key Characteristics & Appeal
This unit at 506-15 Kennedy Street is a compact, 840 sqft condo in Winnipeg's Broadway-Assiniboine area, built in 1980. Its primary appeal lies in its location and relative value within its immediate context. The property ranks in the top 1% on its street for both living space and recent sale price, suggesting it stands out as a larger and more valuable unit within its own building complex. It also sits in the top quarter of its neighbourhood for living area.
The very low municipal assessed value ($16,500) indicates significantly reduced property tax obligations, which is a major financial advantage for an owner-occupant. However, the notable disparity between this assessed value and its last sold price ($190,000 in 2017) is a critical point for buyers to investigate, as it may relate to the building's overall condition or specific unit factors.
This property would likely suit a first-time buyer, an investor, or a downsizer seeking an affordable entry into the Broadway-Assiniboine area with lower ongoing taxes. It’s a practical choice for someone who prioritizes location and cost-efficiency over modern finishes or extensive amenities (note: no basement, pool, or garage). The data suggests it's a unit that punches above its weight on its specific street but requires due diligence regarding the broader building and market factors.
Section 2: Frequently Asked Questions (FAQs)
1. Why is the municipal assessed value so much lower than the last sale price?
This is a significant discrepancy. It typically requires investigation into the specific reasons, which could include the unit’s condition, the building’s overall state, or specific assessment classifications. A professional appraisal and review of the building’s status certificate are essential.
2. What does ranking in the "top 1% on its street" actually mean for me?
The rankings compare this unit only to others on the same street (Kennedy Street). Being in the top 1% for size and past sale price indicates this is one of the larger and historically higher-value units within this specific cluster of buildings, not necessarily the wider neighbourhood or city.
3. Who is responsible for exterior maintenance and major repairs?
As a condo unit, the condo corporation is responsible for the building's exterior, common areas, and major structural elements. Your monthly condo fees cover this, and understanding the corporation's financial health (via the status certificate) is crucial to anticipate future special assessments.
4. Are there any amenities in the building?
The listing explicitly states "No" for basement, pool, and garage. Prospective buyers should confirm if there are any other common features, such as laundry, storage lockers, or a lobby, but the listing suggests a no-frills building.
5. The unit last sold in 2017. What's happened in the local market since then?
The Winnipeg market has experienced changes since 2017. While the street-level ranking is favourable, a current comparative market analysis (CMA) from a realtor is needed to understand today's fair market value, especially considering the unit’s age and the unusual assessment value.
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