Property Overview: 148 Syndicate Street, Winnipeg
Key Characteristics & Appeal
This home at 148 Syndicate Street in North Point Douglas is a classic Winnipeg property, built in 1913, offering a practical footprint of 1,046 sqft on a 3,273 sqft lot. Its appeal lies in its position as a straightforward, no-frills opportunity in the city’s core. The assessed value of $173k is notably below the Winnipeg city-wide average, presenting a lower entry point into the market. This creates a distinct value proposition: you are acquiring a home with a city-wide price ranking in the top 5% (meaning it's more affordable than 95% of homes), yet its living space is close to the city’s average. Essentially, you get relatively average interior space for a well-below-average price.
The home suits practical buyers looking for value and potential. It’s a fit for first-time homeowners comfortable with a character home’s upkeep, or for investors seeking a rental property with a manageable assessed value. A less obvious perspective is that its older vintage (1913) and smaller lot size on the street offer a more authentic, historic streetscape experience compared to newer infill, which may appeal to those valuing neighborhood character over maximum square footage. The data suggests it’s a typical home for its immediate area, making it a stable, predictable option within the North Point Douglas community rather than an outlier.
Frequently Asked Questions
1. How does the assessed value compare to likely selling price?
The assessed value for taxation purposes is $173k. Market selling prices are influenced by current conditions, property condition, and buyer demand. Historical data shows a sale between $150k-$200k in 2017, but for precise, verified sale history, a manual lookup is required.
2. What does the "below average" land area mean for this property?
With a 3,273 sqft lot ranking in the top 83% on its street (meaning lots are generally larger), the yard space is more compact than many neighbors. This translates to less exterior maintenance but also limits potential for large additions or extensive landscaping.
3. Is the older year of construction (1913) a concern?
While the home’s age is above the city average, it is around the average for the North Point Douglas area. This is typical for the neighbourhood’s historic housing stock. Buyers should prioritize a thorough inspection to understand the condition of foundational elements, plumbing, wiring, and the roof.
4. How does the living space feel compared to other homes?
At 1,046 sqft, the living area is slightly below the average for both the immediate street and the broader city. This indicates a efficient, likely two-bedroom home format. It’s sufficient for a small household but may feel compact for those needing multiple dedicated rooms.
5. How can I get verified sale price history for this home?
The publicly available data shows sold price ranges. To obtain the exact sale figures and full transaction history, you must request a manual lookup via email from the service, as this information is not sourced from the MLS system displayed on the site.