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608-15 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

608-15 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

608-15 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
15.40k
Top 34%53/156
Top 52%236/458
Top 84%22664/26841

608-15 Kennedy Street: For Assessed Value. On Kennedy Street, around averageTop 34%, rank 53 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, around averageTop 52%, rank 236 of 458, and comparable homes in that group average about 20.80k. citywide, below averageTop 84%, rank 22664 of 26841, and comparable homes in that group average about 25.60k.

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Sales History

Sold 4/202213.10k
MetricSame streetSame areaCity-wide
Sale price
13.10k
Top 91%142/156

Below average

same street Top 91%

Top 78%356/458

Below average

neighbourhood Top 78%

Top 94%25172/26841

Below average

Winnipeg Top 94%

Highlights & common questions: 608-15 Kennedy Street, Winnipeg

Property Overview

This condo at 608-15 Kennedy Street is a compact, 840 sqft unit in a building constructed in 1980. Its standout characteristic is its exceptional location within the Broadway-Assiniboine neighbourhood, offering a true urban, low-maintenance lifestyle. The appeal lies in its efficiency and position: it ranks in the top 1% of its street for living space, suggesting a well-sized unit in a potentially smaller building, and it sits in a newer building relative to others on the same street. With no basement, pool, or garage, it suits buyers seeking simplicity and minimal upkeep.

The property would best suit a first-time buyer, a downsizer, or an investor looking for an affordable entry into a central Winnipeg neighbourhood. Its very low assessed value indicates it is one of the most budget-conscious options in the city, ideal for those prioritizing location over luxury finishes or private amenities. A thoughtful perspective for a buyer is to weigh the significant savings on purchase price and taxes against potential condo fee structures, which are not detailed here but are crucial for older buildings.


Frequently Asked Questions

1. What does the "rank" information mean?
The rankings compare this specific unit against others on its street, in its neighbourhood, and across Winnipeg. For example, it ranks in the top 1% on its street for living area, meaning it's larger than almost all other units on Kennedy Street. Conversely, its sold price from 2022 ranks in the bottom 9% on its street, indicating it was a notably affordable purchase at that time.

2. Why is the assessed value so much lower than typical Winnipeg homes?
The assessed value of $15,400 is for the condo unit only, not land, and reflects its status as a modest-sized unit in an older building. It ranks in the bottom 5% city-wide for value, which translates to very low property taxes—a key financial advantage for the right buyer.

3. Who is this property not well-suited for?
It is not suitable for anyone requiring private outdoor space, a garage, or room for a growing family. It also may not fit buyers who prefer brand-new builds or extensive private amenities, as the focus here is on location and functional space over modern luxury.

4. The building is from 1980. What should I investigate?
Prospective buyers must thoroughly review the condo corporation's reserve fund study, financial statements, and minutes for insights into the building's health, planned major repairs (like roofing or windows), and the stability of monthly fees. The building's age makes this due diligence essential.

5. The 2022 sale price seems low. Does that indicate a problem?
Not necessarily. The sale price from April 2022 ($13,100) reflects the unit's compact size and basic offering. It underscores the property's role as an entry-point investment. However, it is a clear indicator to have a professional inspection to understand the unit's specific condition and to ensure there were no unusual circumstances affecting that sale.

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