Property Overview
This 840 sqft condominium at 1001-15 Kennedy Street, built in 1980, presents a specific and practical urban living proposition. Its appeal is rooted in efficiency and location rather than luxury amenities. The unit has no basement, pool, or private garage, emphasizing a low-maintenance lifestyle. Key data points show it ranks highly for its living area and newer build year compared to other units on its street, but it sits in a more moderate position within the broader Broadway-Assiniboine neighbourhood and Winnipeg overall. Its most recent recorded sale was in February 2016 for $19,600, with a current assessed value of $15,800.
Key Characteristics & Ideal Buyer
The defining characteristic of this property is its straightforward, utilitarian nature. Its appeal lies in being an affordable entry point into the Broadway-Assiniboine area, a central neighbourhood known for its proximity to the Manitoba Legislature, The Forks, and other downtown amenities. The condominium structure removes concerns over major exterior maintenance, making it a true "lock-and-leave" option.
This property would best suit a very specific type of buyer: a minimalist, budget-conscious individual seeking a functional pied-à-terre or a first-time buyer prioritizing location over space and amenities. It could also appeal to an investor looking for a low-cost rental unit in a high-demand area, given its operational simplicity and central address. A less obvious perspective is its potential for someone who lives an active, mostly external life within the neighbourhood and views their home primarily as a cost-effective place to sleep and store essentials. The very low fees associated with a building offering no common amenities (like a pool or garage) could be a hidden financial benefit.
Frequently Asked Questions
1. What are the monthly condominium fees, and what do they cover?
This information is not provided in the available data. A direct inquiry with the condominium corporation or listing agent is essential to understand the fee structure and what common expenses (like building insurance, exterior maintenance, or a reserve fund) they include.
2. Why is there a significant difference between the 2016 sale price and the current assessed value?
Assessed value for tax purposes and market sale price are determined differently. The assessed value is an administrative valuation by the municipal tax authority, while the sale price is set by the market. The gap may reflect market fluctuations, changes in the property's condition, or the specific methodologies used for assessment.
3. What is the parking situation for this unit?
The listing specifies "Garage: None." Parking is likely limited to unassigned street parking or a limited number of surface lot spaces. Verifying the exact parking arrangements with the condominium corporation is crucial.
4. Are pets or rentals allowed in the building?
The provided data does not include the building's bylaws. Rules regarding pets, leasing, renovations, and noise are governed by the condominium corporation's declaration and rules, which must be reviewed prior to purchase.
5. How does the building's age (1980) affect potential renovation or repair costs?
While the building is not historic, it is over 40 years old. Buyers should be prepared for the possibility of aging infrastructure within the unit, such as original plumbing or electrical systems, which could influence future renovation plans or maintenance costs. A thorough inspection is advised.