| 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 702-15 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 702-15 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 14.90k | Top 78%121/156 Avg15.20k Top 71%324/458 Avg20.80k Top 87%23375/26841 Avg25.60k 702-15 Kennedy Street: For Assessed Value. On Kennedy Street, below average — Top 78%, rank 121 of 156, and comparable homes in that group average about 15.20k. in Broadway-Assiniboine, below average — Top 71%, rank 324 of 458, and comparable homes in that group average about 20.80k. citywide, below average — Top 87%, rank 23375 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 16.80k | Top 8%12/156 Avg Above average same street Top 8% | Top 27%122/458 Avg Above average neighbourhood Top 27% | Top 76%20479/26841 Avg Below average Winnipeg Top 76% |
Property Overview
This 649 sqft condominium at 702-15 Kennedy Street in Winnipeg's Broadway-Assiniboine area presents a highly affordable entry point into the market. Built in 1980, its primary appeal lies in its low financial barrier, with a recently sold price and assessed value both under $17,000. The unit ranks very well for its newer build year compared to others on its street, suggesting a relatively modern building among its immediate neighbors. It suits first-time buyers seeking minimal ownership costs, investors looking for a low-cost rental asset, or individuals wishing to own rather than rent with minimal capital outlay. A thoughtful perspective is that this type of property can serve as a practical financial tool—freeing up income for other investments or life goals—rather than just a place to live. Its compact size demands a minimalist lifestyle, appealing to those who prioritize location and financial flexibility over space.
Key Details & FAQs
The unit has no basement, pool, or garage. It is situated in a building that is newer than most on its street, though its living area and value are on the lower end compared to broader Winnipeg benchmarks.
1. What are the monthly condo fees, and what do they cover?
This is the most critical question, as fees can significantly impact affordability. The listing data does not include this information; it must be obtained directly from the property listing or condo corporation.
2. Why is there such a large gap between the sold price and the assessed value?
The property sold for $16.8k in late 2022, while its assessed value is $14.9k. This can reflect market fluctuations, specific unit conditions, or updated assessment calculations. It underscores the importance of a current market evaluation.
3. What is the financial health of the condo corporation?
With such a low purchase price, the reserve fund status and any pending special assessments are paramount. A well-managed corporation is essential to avoid unexpected costs that could negate the low entry price.
4. Is the unit rental-friendly?
For investors, the building's policies on rentals will determine its viability as an income property. For owner-occupants, understanding these rules is also important for future flexibility.
5. What specific amenities does the building offer?
While there is no pool or garage listed, the building may have other shared features like laundry, storage, or a common area. Clarifying this helps assess the value proposition beyond the unit's four walls.
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